MATCO TOOLS Franchise Complaints: Have you had any dealings with MATCO Tools or the MATCO Tools franchise? Please share a comment about your experience – good or bad – below, as well as advice for those considering investing in a MATCO Tools franchise.
Also read: FRANCHISE LAWSUIT Alleges Matco Tools Scam, TD Bank Fraud
We received the following franchise warning about the MATCO TOOLS franchise opportunity. According to commenter “TOMMY CHEUNG” :
“STAY AWAY FROM MATCO TOOLS. THEY WILL SELL YOU A BILL OF GOODS,WHICH IS NO GOOD.
“RUMOR HAS IT ,MATCO MAKES MORE MONEY SIGNING NEW FRANCHISES THAN THEY DO TAKING CARE OF THEIR CURRENT ONES.
“DARYL PRITCHETT AND MIKE RAMEY WORK TOGETHER TO SIGN YOU UP AND THEN KICK YOU TO THE CURB. I AM WORKING ON A LAWSUIT AGAINST MATCO, HOPING TO TURN IT INTO A CLASS ACTION SUIT. YOU MAY CONTACT JERRY MARKS AT MARKS AND KLEIN LAW FIRM AT [redacted], IF YOU ARE INTERESTED.
“I INVESTED ALOT OF MONEY IN MATCO AND AFTER 3.5 YEARS THEY SHUT ME DOWN. WHEN THE ECONOMY SLOWED IN 2008,THEY PUT ME OUT OF BUSINESS.
“I ALSO SPOKE TO A PREVIOUS EXECUTIVE, WHO CALLED ME, AND STATED THATS THE WAY MATCO DOES BUSINESS. STAY AWAY FROM MATCO TOOLS AND RUN LIKE HELL WHEN YOU SEE THEM. I REPEAT DO NOT BUY OR INVEST IN MATCO TOOLS…”
Marks & Klein is a legitimate franchise law firm that often represents franchisees in lawsuits against their franchisors, but we haven’t verified with them whether a lawsuit against Matco Tools is in the works or not.
WHAT DO YOU THINK? IS MATCO TOOLS A GOOD FRANCHISE OPPORTUNITY, A FAIR FRANCHISE OPPORTUNITY OR A FRANCHISE SCAM?
If you’ve had dealings with Matco Tools, please share a comment below.
MATCO TOOLS Franchise Complaints June 8, 2011 (1000+
comments)
MATCO TOOLS Franchise Defenders Speak Out December 7,
2011 (Comments defending Matco invited)
MATCO TOOLS Distributor Franchise December 7, 2011 (Overview with
links)
MATCO TOOLS Franchise Report Alleges Distributor Churning November 29,
2011
MATCO TOOLS 2011 Franchise Disclosure Document (FDD) & Other
Resources November 22, 2011
MATCO TOOLS Class Action Lawsuit, “Secret” Sales Projections November
22, 2011
FRANCHISE LAWSUIT Alleges Matco Tools Scam, TD Bank Fraud November 15,
2011
Failure Rates of the 10 Most Popular Franchises April 26, 2010
Other Mobile Tool Franchise Posts:
MAC TOOLS Guilty of Franchise Fraud? November 7, 2011
CORNWELL TOOLS Franchise Scam or No Scam? November 17, 2011
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View Comments
I had a discussion with a Franchise attorney a bit ago who has represented both sides, Franchisor and Franchisee...I asked him point blank if there are any good small Franchisee friendly Franchises out there any more and his response was "No, None...why do you think there are so many Franchise attorneys out there now when just a few years ago there were none"
amazing...
http://www.mobiletooldealersassociation.com. Let your voice be heard and join…
Do it!
We are joining forces, uniting, and making our voices heard. The stories are the SAME - across the board, ALL mobile tool companies are taking advantage
THE MOBILE TOOL INDUSTRY NEEDS TO CHANGE
WE **CAN** AND **WILL** MAKE THAT HAPPEN!!!!!!!!!!!!!
TODAY on Career Builder.com
Matco Tools
HQ: Stow, OH | Approx. 1,199 active jobs |
Doesn't anyone find that curious??
After all, Matco CLAIMS to have 1500 distributors...............
REALLY??? THEN WHY ARE THEY ADVERTISING 1199 ACTIVE JOBS??????
Seriously? How can that be????
FALSE ADVERTISING???
OR JUST MORE LIES FROM MATCO......................
I hope all those partying in Vegas are enjoying themselves.....................
Because the PARTY is about to end!!!!!!!
After all, MATCO has ALREADY advertised THEIR JOBS!!!!!!!!!!!!!!!!
http://www.mobiletooldealersassociation.com.
Debbie, Vegas is great! Missed your party at the Flamingo, why the no show? Just like your business...no show!
Alan Mandic is a previous Distributor of Matco Tools. He claims Matco is a GOOD Company whom he was very successful with. But after 3 years in a thriving business HE chose to quit. Please visit Mr. Mandic's facebook page and ask yourself is Matco a Company that thrives on and preys on people with good credit and or those who might have the COMPLETE money needed to start a Franchise. I have no idea how or why Mr. Mandic chose to be a Matco Distributor but evidently he doesn't care that Matco PROFITS off of Veterans who enter the Matco Franchise system through the Vetfran Program. THAT IS FACT!!!!!!
Want to see for your self??? http://veterans.house.gov/vow.
Iminvegas,
While your in Vegas with the Corporate Managers could you ask them why Matco makes money on Veterans who sign up through the Vetfran Program? $2400, $5600 or $9600.
In Fact, walk up to TIm Gilmore and ask him "How many Veterans have FAILED in Matco Franchises through the Vetfran Program who REJECTED Matco's UNMATCHED WORLD CLASS SUPPORT" or "Don't agree with their Pre-Defined LOC's" or ask him "Why did you edit your Recruitment Video that used to be almost 9 minutes long and included a FALSE SURVEY with no merit." or is it true that "Matco Tools violates FTC rules involving advertising their Franchise Opportunities through EMPLOYMENT web sites on the Internet" or "Is it true that Matco committed SBA LOAN FRAUD by PROJECTING incomes of Franchises to obtain the SBA Loans" or "Did you really say Matco is a GREAT choice in a bad economy and even better in a GOOD ONE!" or "Is it true that Todd A. Peterson took a purchase average of $620 per week (end of July, 2010) and turned it into almost $1500 per week in 5 months. With almost a 13 week average of $3000 per week in the last statement of the year." Please ask some of the QUESTIONS. I bet you can't get a response to any of them. But they are ALL TRUE!!!
Ask Mr. Gilmore to further define how the NPA is figured and if the tools that Matco takes back from Franchisees (who are forced out or quit) and then resales to Distributors is at full cost (not as PDI) is included in the NPA? Or are Franchisees who have Territorial Agreements included in the NPA of Distributors with "LOC's"?
Also ask Mr. Novak if he likes Bleu Cheese, Thousand Island or Ranch on his salad?
Just CURIOUS!
Good point about careerbuilder.com Debbie.
I am reminded of some of my Military training on Bradley Fighting vehicles which can deploy a heavy smoke releasing oil onto the exhaust which does two things hides the tank from the enemy and allows MULTIPLE tanks to advance without knowing how many are coming.
Matco is trying to hide their TRUE number of Franchises available because they are EMBARRASSED!!! It is a smoke screen to cover them as they ADVANCE with the Vetfran and IFA to pursue the Veterans who have money and need a job! If only Matco would provide us with statistical proof that Veterans who enter the Vetfran Program are not stuck holding the debt of starting a Franchise and are still successful 5 years down the road. The proof is not there! This Franchise Opportunity is a SCAM and our Government should not be involved if there is no POSITIVE outcome for our TROOPS!!!