STOW, Ohio, Jan. 17, 2018 /PRNewswire/ — Matco Tools recently ranked in Entrepreneur magazine’s Franchise 500®, the world’s first, best and most comprehensive franchise ranking. Placement in the Franchise 500® is a highly sought-after honor in the franchise industry, as evidenced by the fact that Entrepreneur received more than 1,000 applications this year, making it one of the company’s most competitive rankings ever. Recognized as an invaluable resource for potential franchisees, the Franchise 500® ranks Matco Tools as 36 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“As a world-class franchise system with low startup costs, internal financing and a proven business model, Matco Tools is proud to be included in Entrepreneur‘s Franchise 500® for the 18th consecutive year,” said Matco Tools vice president of marketing Ben Gambrel.
“This year’s Franchise 500 ranking features both up-and-comers who bring fresh ideas to an ever-changing industry, as well as savvy stalwarts that have thrived for decades. We are proud to highlight and celebrate them all,” says Jason Feifer, editor in chief of Entrepreneur. “Our results show that the industry is strong—and that the most enduring franchisors are those who learn to balance innovation with reliability. That’s how to attract new customers while keeping the old ones happy.”
The key factors that go into Entrepreneur‘s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 39 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. Matco Tools’ position on the ranking is a testament to its strength as a franchise opportunity.
To view Matco Tools in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur, available on newsstands January 16th.
About Matco Tools
Since 1979, the mission of Matco Tools has been to provide professional mechanics and auto enthusiasts with all the premium tools, storage and equipment they need to get the job done, while also offering best-in-class service and customer support. The company’s network of over 1,700 premier independent mobile distributors is focused on developing and maintaining trust-based relationships with its customers. Ranked among the top 50 in Entrepreneur magazine’s 2018 Franchise 500®, the company continues to expand throughout the United States and Canada, adding several hundred mobile stores each year. For more franchise information, please visit https://www.matcotools.com/franchise/.