Matco Tools announced that its Matco Tools Franchise was named the best franchise in the "Tools Distribution Category," and 26th overall, in Entrepreneur’s 33nd Annual Franchise 500.
"Matco Tools is a world class franchise system with low startup costs, internal financing and a proven business model," said Ernie Lauber, senior vice president of sales at Matco Tools. "We are honored that among the hundreds of other franchises, Matco has been recognized by Entrepreneur Magazine as best in class once again. We see this as a reflection of the power of the Matco’s Business System."
Franchisors are judged by an independent auditor and measured by a set of objective, quantifiable criteria, including financial strength and stability, growth rate, and size of the system. Also measured are the number of years the company has been in business, the length of time it’s been franchising, startup costs, litigation, percentage of terminations and whether the company provides financing. Those companies that receive the highest cumulative scores join the prestigious Franchise 500.
In the 2012 rankings, Entrepreneur named the Matco Tools Franchise fourth in the "Top 10 Home Based Franchises" category and number 23 in "America's Top Global Franchise." Matco Tools has been named the best tool franchise five times in the last six years.
"We are invested in the success of every franchisee and are committed to providing a foundation for growth including flexible financing options for franchisees and their customers, national advertising, and outstanding service and support," said Lauber. "With no franchise fees, royalties, or advertising fees, Matco Tools earns our place as the best mobile tool franchise every day."
For more information on franchise opportunities or the company, visit matcotools.com.