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
WOW, sounds ALL too familiar Todd.
I wanted to add, THANK YOU to all Veterans!!!! I have a special place in my heart, as I am sure MOST Americans do as well.
Which is why I find it SO APPALLING Matco shamelessly recruits Veterans with LIES and false promises.
Please spread the word - to EVERYONE - Matco is NOT a good opportunity for Veterans. Matco IS NOT a good opportunity for anyone!
Post EVERYWHERE!
You whiners stop complaining. Matco is one of the great franchises of our time as long as you follow the model. If you failed you have no one to blam but yourself.
Ronnie Balkan= Delusional
If you think Matco Tools is "one of the great franchises of our time" then have I got a deal for you...you could be the proud new owner of a FANTASTIC new route in the beautiful mountains of Colorado. But you better hurry this offer ends soon and is for a limited time only...
A great franchise is an NFL MLB or NBA franchise...or even Mcdonalds, Burger King or one of the big Hotel chains or even a Honda/Toyota Franchise that have near zero failure rate...other than that there are no "Great Franchises" and Matco Tools is in a "race to the bottom" of the heap in the Franchising world...
MATCO IS THE ONE FRANCHISE THAT HAS SCREWED AMERICAN TAXPAYERS OUT OF MILLIONS OF DOLLARS AS ALLEGED BY THE SBA LAWSUIT.
MATCO IS NUMBER ONE AT SCREWING AMERICAN TAXPAYERS
WOW, Matco, there is NO stopping Us now................
the word is spreading like Wild Fire................
Just how many people can you possibly Block????
tonight:
Dan Grimes
Matco Tools mistreats and defrauds it's distributors. Lawsuits,
>Lies, Loss...........
>......... stories can be found at
>https://unhappyfranchisee.mystagingwebsite.com/matco-tools-franchise-complaints/
right on!!!!!!!!!!!!!!!!!!
I would like to post yet another Veteran who entered into the Matco Tools Franchise under the Vetfran Program. This Veteran RETIRED from the US Army with a Bronze Star for meritorious service during Desert Storm. This Veteran is also Disabled from injuries sustained while in service. He exited the Military with the Rank of an E-8 Non-Commissioned Officer.
For over 3 1/2 years he served as a Matco Tool Distributor receiving $2500 in tools for signing as a Vetfran Franchise Distributor. He entered the Matco system with NO guidance as he had NO District Manager for the FIRST year in BUSINESS.
When he told Matco that the route he was given was not VIABLE because it was spread over 700 miles and did not have the minimum of 325 customers to start a Franchise Matco stepped up and gave him A whole NEW route with less windshield time. But his GOOD fortune would come to an end when Matco would do NOTHING for the 200+ customers he would lose due to the reduction of customers at a Military installation on his "LOC".
Richard Brannies deserved MORE from Matco but what he got was "NO WORLD CLASS SUPPORT" and a kick to the CURB. THIS IS THE MATCO that exists in todays world.
IF YOU LIKE BEING SHIT ON BY A FORTUNE 500 COMPANY! (What a JOKE!)
Please don't hesitate . SIGN UP TODAY!!!
This from a charter distributor from matco;
Matco Tools has become a giant “pump and dump” operation to get new franchisees (big upfront investment) in business knowing they will only last 1-3 years and when the franchisee finally figures out how bad he is getting screwed by the company he has lost everything…then to top it off Matco tools and their egregious business practices put the full blame on the dealer/franchisee. Matco and Snap On keep this viscious cycle going to artificially inflate numbers to keep them in the Top Ten list. The actual attrition rate is close to 70% during the first 5 years, the numbers here ONLY show SBA loans which is a very small percentage of the total loans and money invested.
Stay away from the tool business no matter how good the managers make it look on paper, they get paid a huge spiff to hook unsuspecting prospects.
How do I know all this as fact? I have been a dealer for 20 plus years and the business has changed dramatically since I bought my business…STAY AWAY FROM MATCO, YOU WILL LOSE ALL YOUR INVESTMENT
TODAY ON CAREER BUILDER 1242 JOBS AVAILIBLE, WOW.
Career Builder- Matco Jobs- equals FALSE ADVERTISING.
I would like everyone to VISIT my Facebook page "Veterans Against Matco Franchises". Read the ACOUNTS of REAL soldiers who DEFENDED their Country and what Matco did for their Businesses.
Thank You,
Todd A. Peterson
(Previously a US Army soldier and Matco Tools Franchisee)