MATCO TOOLS Franchise Complaints

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• So taking the numbers Todd has posted and rounding down to "200 Franchisee's churned" every year, it is easy to figure the revenue numbers. Lets say "on average" a Franchisee has to come to the table with $100K (some more, some less) of mostly borrowed or second mortgage money. And knowing Matco stuffs them with tons of hardline tools at full list price, a couple toolboxes at full list price, 20-30 airtools, some diagnostics at full boat and misc parts and such. Also knowing that hardline can carry as much as 90% markup to the franchisee, toolboxes 40%-60%, airtools 30%, diagnostics 30%, parts and promo items 30-50% markup to the franchisee.

  Using basic math before costs and EBITDA you can figure close to 50% margin, $100K X 200 Churned Franchisee's is TWENTY MILLION DOLLARS in annual revenue, just from churning alone...

  It does not take a math wiz to see the more they "CHURN AND BURN" franchisee's the more they "EARN"

  Even with the few terminated franchisee's that can make it thru the mandatory Arbitration Process, it is still insanely profitable for the company

  Far more profitable than keeping the franchisee in business long term

• More facts about Matco!

  Matco had 1423 franchisees in routes at the end of 2011.

  But how many routes were available but not filled? Why does Matco choose not to DISCLOSE this number?

  Is it because this number is used to pad their already horrendous statistics?

  I estimate there were at least 380 routes that did not have a franchisee owner at the end of 2011. If you take 1423 and add 300 that makes 1803 routes.

  See how Matco disguises the ir true head count and revolves franchisees in their CHURN and BURN operation.

  If they are so SUCCESSFUL why are there routes that need to be filled?

  Why haven't they grown any in the last 6 years?

  They can't blame the economy! The President of Matco Tools has stated that "In a down economy franchising is a GREAT! opportunity." Surely the President, then Vice President, would not spew lies about an opportunity to "Be your own boss" and "Work for yourself, not by yourself." to the American people and through Vetfran our American soldiers!

• It seems Matco thinks blocking my router will keep me from posting more comments on this website. I would like to thank the people responsible for making sure this website is open and those who have been harmed by FRAUDULENT companies or FRAUDULENT corporations can still post and voice their opinion.

  Here me LOUD! Here me CLEAR! I AM GOING NOWHERE!!!

  I have made it my personal mission to make EVERYONE aware of how fraudulent Matco Tools is.

  From their lying UPPER management to their OBC club you will be known for what you are THIEVES!

  You steal money from those whom put their trust in you. You promise them help and then send them SEPARATION letters. You give them more customers and see them finally start making money again and then terminate them because they can not operate their multi $100,000 business in inclement weather.

  You are a disgrace to the United States!

  You are a disgrace to the American People!

  You are a disgrace to our soldiers who fight for our freedom!

  Any of this sinking in Matco???????????????????????????????????

  Matco Tools lies in President Gilmores recruitment video!

  Matco Tools management lies to its franchisees!

  Matco Tools sells nonviable routes and then blames the HONEST franchisee for their failure!

  Matco Tools falsely terminates franchisees knowing the only thing they will have to do is mediate or go through arbitration.

  STAY AWAY from MATCO TOOLS!!!

• You see Matco has controlled my computer in the past to help me fix problems with my MDBS software. I hope they don't feel so threatened by the truthfulness of my comments that they would BLOCK my IP address through my router! Since my router is set with FACTORY settings.

  I wonder if that can be proved?

• Are we able to post today?

• Matco, who has always controlled their franchisees like employees, is controlling them even more in todays F.D.D. making them buy tools strictly from Matco.

  Think your in business for yourself but not by yourself?

  Your in business for Matco and only Matco!

  They don't care about their franchisees they want to control their franchisees and make them eat the profit margins Matco wants their franchisee to eat. Matco is a corrupt company who preys on Veterans and Americans who have good credit and want to succeed at a different level. The only difference between franchising and employment are you get benefits with an employer and if an employer commits fraud, lies, threatens or falsely terminates you they have to answer to their accusations in a court room with a jury.

• Is Matco playing with fire? Violating an individuals right to voice their opinion through internet media? Why would Matco use a remote access to silence someone who spoke truths about their company? Would Matco stoop that low? Would Matco feel so threatened by the actions they committed to their franchisee that once he started releasing FACTUAL information that they feel he needs to be silenced? Or is Todd Peterson just a paranoid and delusional person who feels everyone is out to get him?

• Learning a lot about the internet and routers this week!

• It seems I am not the only one who has figured out that the FTC and IFA are not organizations who are helping to make franchising fair for the franchisee but to insure that franchisors are PROTECTED from franchisees whom they mistreat!

  http://www.youtube.com/user/VeteransFran...

• Well I guess that didn't copy correctly try this one!

  http://www.youtube.com/watch?v=3JN8iwrfBEc