Matco Tools vs Snap-on Tools Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Matco Tools vs Snap-on Tools including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Matco Tools Franchise
Snap-on Tools Franchise
Investment $78,082 - $274,327$192,935 - $490,150
Franchise Fee $7,000$8,000 - $16,000
Royalty Fee 0$125/mo.
Advertising Fee --
Year Founded 19791920
Year Franchised 19931991
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -50% of current license fee


Business Experience Requirements
 
Matco Tools Franchise
Snap-on Tools Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Matco Tools Franchise
    Snap-on Tools Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/NoNo/Yes
    Start-up Costs Yes/YesNo/No
    Equipment No/YesNo/No
    Inventory Yes/YesNo/Yes
    Receivables Yes/YesNo/Yes
    Payroll No/NoNo/No

    Training & Support
     
    Matco Tools Franchise
    Snap-on Tools Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing National media, Regional advertising-
    Operations Franchise can be run from home.

    1%% of all franchisees own more than one unit

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		 Franchise can be run from home.

    3.4% of all franchisees own more than one unit

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Expansion Plans
     
    Matco Tools Franchise
    Snap-on Tools Franchise
    US Expansion Yes-
    Canada Expansion YesNo
    International Expansion NoYes

    Company Overviews

    About Matco Tools

    Matco Tools is a manufacturer and distributor of quality professional automotive equipment, tools and toolboxes. Our product line now numbers more than 19,000 items. We also guarantee and service the equipment we sell. Matco Tools is a subsidiary of Danaher Corporation, a Fortune 500 company and key player in several industries, including tools, environmental and industrial process and control markets. Matco began operation in 1946 and, since 1979, we have sold our products directly to professional mechanics, enthusiasts, and those who value quality tools through a network of independent franchised mobile distributors. Our franchisees are easily recognized in their white trucks bearing the familiar Matco logo. Today, Matco distributors operate in all 50 states, Canada and Puerto Rico.

    The total investment necessary to begin operation of a Matco Distributorship ranges from $78,082 to $274,327. This includes the following payments to Matco or its affiliates: the initial franchise fee of $7,000; approximately $50,000 to $88,000 for the minimum inventory; $899 for the initial software license fee and $195 license fees for the credit card and signature pad processing software; $450 for the software support and maintenance fee; $195 for the webpage set-up fee; $99 for a document processing fee; and approximately $22,000 for the Time Payment Reserve Account (if you do not participate in a Matco financing program).
    Veteran Incentives  10% off initial inventory
    ""   "Entrepreneur
    #32 in Franchise 500 for 2020.
    #50 in Franchise 500 for 2021.




    About Snap-on Tools

    In 1920, a particular wrench could only do one particular job, but Joseph Johnson had an idea to change that. Along with William Seidemann, he began manufacturing ten different sockets that would "snap on" to five interchangeable wrench handles, so that one tool could do the work of five. The Snap-on Wrench Company's representatives sold these new products by taking them to the customers at their places of business and demonstrating their use.
    Today, Snap-on Tools franchisees sell far more than just wrenches. They offer over 22,000 products, including hand tools, power tools, diagnostic tools, tool storage and shop equipment, but the way they sell is much the same. Once a week they bring their "mobile stores"--trucks filled with their products--directly to their customers, which include car dealerships, mechanics, marinas and airports.

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    Franchisor is seeking new franchise units in the U.S., Africa, Asia, Australia/New Zealand, Canada and Western Europe 
    Veteran Incentives  $20,000 off startup inventory  
    "Top    ""     

    ""         "Entrepreneur
    #22 in Canada's Top franchises.
    In Franchise Business Reviews Top 200.
    #31 in Franchise 500 for 2020.
    #48 in Franchise 500 for 2021.