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Description

How To Open a Mac Tools Franchise?

To start your journey as a Mac Tools franchisee, you will need to complete an application process that includes a review of your business background and financial qualifications. Once your application is approved, you will attend a training program that covers essential operational aspects of running your franchise. You will be assigned a Route with a minimum of 325 potential customers, including automotive businesses and service stations. Following this, you can begin operating your mobile tool business out of a truck or van equipped with Mac Tools products.

What Are the Costs Involved in Starting a Mac Tools Franchise?

The initial investment required to start a Mac Tools franchise ranges from approximately $121,320 to $344,275. This investment includes a franchise fee that typically falls between $81,545 and $89,950, along with costs for inventory, truck leasing or purchasing, and other operational expenses. Additionally, franchisees are responsible for ongoing fees such as annual fees and potential advertising costs. It's crucial to assess your financial readiness before committing to this investment.

Why Choose a Mac Tools Franchise?

Mac Tools has a well-established reputation in the automotive tool industry, boasting over 85 years of experience. Their business model focuses on mobile distribution, allowing franchisees to sell directly to a designated customer base in their assigned areas. This model not only provides franchisees with a robust support system but also the potential for a consistent revenue stream through the sale of high-demand tools and equipment. If you have a passion for sales and customer service, this franchise could be a rewarding opportunity.

Is a Mac Tools Franchise Right for You?

Operating a Mac Tools franchise requires a commitment to customer service and sales, as you will be responsible for managing your Route and building relationships with your customers. The franchise operates on a non-exclusive basis, which means you may face competition from other franchisees and distributors. However, with a strong brand backing and a comprehensive training program, you will be equipped to navigate the challenges of the mobile tool distribution market effectively. Evaluate your business goals and personal strengths to determine if this franchise aligns with your aspirations.

Mac Tools Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Home Based Franchises
A more specific division within the broader industry.

Category

Direct Sales
Available financing options to help start the franchise.

Funding Year

2013
The main organization that owns the franchise brand.

Parent Company

Stanley Black & Decker
The key individuals guiding the franchise’s strategy and growth.

Leadership

Phil Cox
The official business address of the franchisor’s headquarters.

Corporate Address

505 North Cleveland Avenue, Westerville, Ohio 43082
The total amount required to launch the franchise.

Initial Investment

$121,320 - $344,275
The initial fee paid to join the franchise system.

Franchise Fee

$8,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

1.50%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

0%
The minimum liquid capital you must have on hand.

Cash Required

$20,000 - $50,000
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$150,000 - $250,000
The typical yearly revenue generated per franchise location.

Average Revenue

$316,491
The middle value of yearly revenue among franchise locations.

Median Revenue

$316,491
The smallest reported annual revenue among franchisees.

Lowest Revenue

$78,567
The largest reported annual revenue among franchisees.

Highest Revenue

$1,263,470
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

12 Months

Mac Tools Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

772
The number of locations owned by independent franchisees.

Franchised Units

772
The number of locations owned and run by the franchisor.

Corporate Units

0
Units 2021 2022 2023
Total Units 704 751 772
Net Change YoY 47 21
Franchised Units 703 751 772
Net Change YoY 48 21
Corporate Units 1 0 0
Net Change YoY -1 0

Company Background

Mac Tools is a recognized leader in the automotive tool industry, boasting a legacy that spans over 75 years. Founded in 1938, Mac Tools specializes in high-quality tools and equipment specifically designed for professional mechanics and automotive technicians. With a commitment to innovation and performance, Mac Tools provides a comprehensive selection of hand tools, power tools, and tool storage solutions, all supported by a strong network of franchise distributors operating across North America and beyond.

Franchise Opportunity

Becoming a Mac Tools franchisee offers a unique opportunity to enter the lucrative automotive repair industry with a trusted brand. Franchisees can leverage the strength of Mac Tools’ extensive product range and marketing support to build a successful business. With flexible investment options, franchisees can operate their mobile tool distribution business from a van, minimizing overhead costs while still enjoying the benefits of a recognized brand in a growing market.

Corporate Structure

Mac Tools is a division of the Stanley Black & Decker Corporation, which was established in 1843. Operating under the name Mac Tools, the franchise is headquartered in Westerville, Ohio. The company maintains a strong presence in the automotive tools sector and is known for its commitment to quality and customer satisfaction. By aligning with a well-established parent company, franchisees benefit from robust resources, support, and a strong reputation in the industry.

Royalties

Mac Tools franchisees are required to pay a royalty fee of 6% of gross sales, along with a marketing contribution of 2% for national advertising efforts. This structure allows franchisees to benefit from the brand’s marketing initiatives while maintaining operational support from the corporate team. The royalty fee is competitive within the automotive tool industry, ensuring franchisees have the tools they need to succeed while contributing to brand growth.

Company Mission

The mission of Mac Tools is to empower automotive professionals with the highest quality tools and exceptional service. Mac Tools is dedicated to fostering a culture of innovation, reliability, and performance, ensuring that every tool meets the standards of the demanding automotive environment. By providing top-notch products and unparalleled support, Mac Tools aims to be the trusted partner for mechanics and technicians, helping them enhance their skills and productivity on the job.

Brand Story

Mac Tools originated with the vision of delivering superior tools to automotive professionals. Over the decades, the brand has evolved, consistently innovating to meet the changing needs of the industry. From its early days as a small tool manufacturer to its current status as a major player in the automotive tool market, Mac Tools has built a reputation for quality and performance. Today, the brand's commitment to excellence and customer satisfaction continues to drive its expansion, making it a preferred choice among automotive technicians worldwide.

Frequently Asked Questions

The total estimated initial investment for a Mac Tools franchise ranges from $121,320 to $344,275. This amount includes various expenses such as the initial franchise fee, truck purchase or lease, starter inventory, and other operational costs.