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
Todd,
Ok if you were the DM what would you have done to identify the guy that didnt work out.
Now in this case he came to Matco looking to be a tool guy.
Todd wrote: "Serving overseas these soldiers are unaware of the Lies, Fraud and False Documents that have led to False Terminations that Matco has instituted while they served their Country"
Right on, Todd.
A great paid-for falsehood by the for-profit franchise propaganda machine that Matco perpetuates is that Matco Tools is the #1 franchise for veterans.
One might think that that would mean that Matco provides the best record of success for veterans of the U.S. armed services.
OR that U.S. Veterans who became franchisees and either succeeded or failed voted that Matco is the best franchise for vets.
NOT SO!
In actuality, it only means that Matco franchise sales people used the VetFran program to convinced more veterans to buy into what CNN called the riskiest investment in terms of SBA loans.
As far as I know, Vetfran does not track the success or failure rate of the veterans buying franchises through their program. There's no data to suggest that vets buying the Matco franchise have any better than the Matco 37% SBA default rate.
Imagine surviving snipers, roadside bombs and IEDs only to be churned and burned by some phony opportunistic flag-waving franchise sellers.
Yeah, the OBCs are some patriots, all right, to sell our own country's heroes into this farce.
But what do you expect. MATCO#0 sold his own father in, after all.
Todd well said....Vets "Thanks for your Service"!
My service to you...Stay Away!!!
I think Matco 1 Smart phone became stupid. Or Reality set in on his route.....
Yeah Todd Matco has to grant a franchise otherwise people like Tommy would sue them. Now Tommy failed and he I'd trying to build a case to sue
the ones that have been wronged speak from experience as the ones that call us failures and all only have a positive experience with matco.
i remember in feb 08 that i was the most important person to matco, now im nobody and i played by their rules.
no one to help get rid of all the old inventory unless they can steal it from you so as to increase thier own profit again, no matter who that might be. it sort of reminds me of a pack of dogs. when one goes down the others attack and kill him. you have very few friends here unless they can use you to make a dollar for them. some of the better dbrs would not help so as just in case you might do better than them one day.
i have been around people all my life and have met people from all walks of life. the ones here that are supposed to help you will not.
early in 2011 my dm met with me as i was losing 250 customers from cutbacks on the military base here. he brought his young son with him so it was difficult to talk business. he told me that there was nothing that he could do but give me a copy of my monitor report. hell i could do that myself, so dont tell me that all dms will help you. they will help you right out of business.
there were alot of lies told to me and all these other people here. the ones doing all the boasting only care about one thing and thats your wallet. if matco would do the right thing we wouldnt be here right now. let me take all your money and screw up your credit and see if that just pisses you off. i think it would.
the ones here that were wronged are only asking it to be made right and matco chooses to ignore us. thats going to end soon.
it is no ones right to judge anyone here. if you werent wronged and you dont like what is said here then take your toys and go play elsewhere.
lets see how many stupid comments some of yall can make out of this.
Former wi, calling me stupid too. Oh gosh I am so hurt
Tommy I looked up the definition of a loser, only saw your pic, didn't see the definition you cited
It's funny your guys jealousy over how many tools I sell flatters me, motivates me to go out and sell more. So keep trying to tell me I don't sell over 12 a week, because then it feels real good when it's a 20k or 30k week
Wish I had a small dog on my shoulder when I was let go.....
Hold on gotta get my yellow belt out of the dryer.
Any Illegal Imagrants looking for tools?