STOW, Ohio, Jan. 29, 2021
Matco Tools recently ranked in Entrepreneur magazine's Franchise 500®, the world's first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry making it one of the company's most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Matco Tools 50th for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
Factors that go into the evaluation include: costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points.
"Our mission is to provide people with the opportunity to realize their dream of successful business ownership," says Matco Tools President Tim Gilmore. "This year has been challenging for people in many ways, seeing how stable our performance has been during this time is a reflection of the Matco business system as well as the dedication of our Franchisees."
Over its 42 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. This will be Matco's 21st consecutive Top 50 ranking and is a testament to its strength as a franchise opportunity.
To view Matco Tools in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2021 issue of Entrepreneur, available on newsstands January 26th.
About Matco Tools
Since 1979, Matco Tools has provided professional mechanics and auto enthusiasts with all the premium tools, storage and equipment they need to get the job done, while also offering best-in-class service and customer support. The company's network of nearly 1,800 premier independent mobile distributors is focused on developing and maintaining trust-based relationships with its customers. Consecutively ranking among the top 50 in Entrepreneur magazine's Franchise 500® for the past 21 years, the company continues to expand throughout the United States and Canada, adding several hundred mobile stores each year. For more information, visit www.matcotools.com/franchise/.
Contact: Louie Hoyt