Matco Tools, located in Stow, Ohio, has proudly secured a highly coveted spot among the top 500 franchises in Entrepreneur's prestigious Franchise 500® for 2022. This remarkable achievement highlights Matco Tools' exceptional performance in crucial areas such as unit expansion, financial robustness, and brand prominence, solidifying its reputation as one of the most sought-after franchise opportunities in the ever-competitive world of franchising.
Jason Feifer, Editor in Chief of Entrepreneur, emphasized the significance of this achievement, stating, "The past year has been incredibly challenging for businesses, making our 43rd annual Franchise 500 list more enlightening than ever. The companies featured on this year's list have shown resilience, support, and nimbleness in navigating extraordinary challenges, showcasing the grit and innovation that define entrepreneurship."
The comprehensive evaluation process takes into account numerous factors, including costs and fees, growth trajectory, support infrastructure, brand recognition, and financial stability. Matco Tools has secured an impressive cumulative score, backed by a thorough analysis of over 150 data points.
Hilda Shipcka, Vice President of Marketing at Matco Tools, expressed her admiration for the franchisees' resilience, stating, "This year posed significant challenges for many businesses, but our franchisees demonstrated remarkable strength and tenacity. We witnessed record-setting growth for our business owners and welcomed numerous new franchisees who are fulfilling their dreams of business ownership with Matco."
With a rich 43-year history, the Franchise 500® has become a paramount benchmark for franchisors and an invaluable resource for aspiring franchisees. Matco Tools proudly celebrates its 22nd consecutive Top 50 ranking, solidifying its position as a robust and appealing franchise opportunity.
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 22 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/.