Matco Tools vs Firemasters (Canada) Franchise Comparison

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

Start-Up Costs and Fees
 
Matco Tools Franchise
Firemasters (Canada) Franchise
Investment $78,082 - $274,327$10,350 - $571,000
Franchise Fee $7,000N/A
Royalty Fee 0-
Advertising Fee --
Year Founded 19791949
Year Franchised 19931987
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
Matco Tools Franchise
Firemasters (Canada) Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Matco Tools Franchise
    Firemasters (Canada) Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs Yes/Yes-/-
    Equipment No/Yes-/-
    Inventory Yes/Yes-/-
    Receivables Yes/Yes-/-
    Payroll No/No-/-

    Training & Support
     
    Matco Tools Franchise
    Firemasters (Canada) Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, 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)

    		-

    Expansion Plans
     
    Matco Tools Franchise
    Firemasters (Canada) Franchise
    US Expansion Yes-
    Canada Expansion Yes-
    International Expansion No-

    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 Firemasters (Canada)

    Firemaster is proud to be serving the oil and gas industry since 1980 and has maintained our leadership role in this increasingly competitive industry. We are also proud of our company’s dedication to provide quality services in a safe working environment, with the highest level of expertise and performance.

    Our Safety and Loss Prevention Program is accredited under the Occupational Health and Safety Partnerships Program. It has been created in accordance to guidelines and standards from PSAC (Petroleum Services Association of Canada), NFPA (National Fire Protection Association) and CSA (Canadian Standards Association).

    We are poised to continue to build on our proven track record of service excellence, our greatest asset.

    Firemaster strives to exceed the industry standards of job site and shop safety, training and equipment maintenance.