Mac Tools Complaint Review: Mac Tools, G And J Tools DON'T TRUST YOUR MAC TOOLS DEALER!! Westerville Ohio. Those consumers located in the European Union. Don't trust your MAC man!! I'm the owner of a repair shop/towing co. And we purchased close to $10,000.00 dollars worth of tools from our MAC guy and never had a late payment.
Tool manufacturer and distributor Matco is the riskiest investment on the top-10 'most popular' list, with more than one third of its SBA-backed loans going bad.
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Matco is one of the least expensive franchises to launch, with no licensing or royalty fees. The tool company's franchisee distributors sell its tools and auto supplies out of branded mobile trucks, targeting likely buyers in their franchise territory.
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Mac Tool Franchise Reviews
A reacquisition could be positive in that the franchisor feels so confident about the franchise/brand that they want to own more units themselves.
It could be negative if the selling franchisee can’t readily find a buyer and the franchisor reacquires the unit (usually for less than the initial investment) to preclude them from having to have a negative impact in total operating units for a given period.
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Because of the ambiguous nature of reacquisitions we did not include this figure in our tally of closures over a three-year period. In general, this worked well. For mobile tool dealers like Snap-on this turned out to be a significant advantage. Without fixed locations to shut down, Snap-on generally takes back struggling franchises for a small cash payment or the forgiveness of debt. Very few are ever terminated.
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Average Pay For A Mac Tool Franchise Owner
'Our principal interest is to keep our end customers supported. We don’t want to leave territories open. Some of these become company stores, others are resold,' explains Tom Kassouf, President of Snap-on Tools Group.
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If the goal was to express the health of a system, then stating that the Snap-on franchisees experienced zero closures from 2008 to 2011 is misleading. Best hard disk tool for mac. Clearly, franchisees failed but were not accounted for under conventional methods. For the future, a better metric may indicate churn, whereby we take all transfer events, including reacquisitions, into account.
Matco Tool Franchise
In separate telephone calls, both Mr. Lager and Mr. Kelly identified other concerns about Snap-on that were not considered under our methodology, including lawsuits and restricted access to outside financing. In our attempt to create an objective list based solely on the data available in Franchise Disclosure Documents it seems we fall short in some important respects. Going forward we will work hard to improve our methodology to better account for the complicated nuances that accompany different franchise systems.