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
The close to 200% of franchisees churned over 8 years are franchisees with LOC agreements and Arbitration clauses in their franchise agreements.
Charter distributors as well as franchisees with territorial agreements have a distinct advantage on being successful franchisees as they can move about in a territory rather than be forced into the same shops hand picked by a District Manager to create your LOC.
If you are thinking about buying a Matco franchise ask them "How many years does the average franchisee stay in a Matco franchise?" If the answer is more than 5 then I think the above information in previous comments needs to be addressed since that information comes straight off the UFOC and FDD they used to sell franchises.
Dude, let it go already. Move on with your life. (It's short enough as it is.) Not that I don't applaud your efforts, but the fact is there is so much rock solid information on these pages that anyone considering these fraudsters as an opportunity...........
Well, they deserve what they get.
So what is new in the 2013 FDD? Looks like recruiting is taking a hit with all the franchisees who are speaking out abroad about the fraud Matco is imposing on its franchisee investors. Projected company owned outlets for 2013 equals 30. That's right! If you can't find anyone to buy them you just hire employee's to run them. I guess mechanic's are tired of hunting a Matco truck down to get their tools serviced due to the fact that Matco franchisees with "List of Call" agreement don't seem to last in a Matco franchise.
Why buy a Matco franchise? Because Matco has a business plan that works, RIGHT!?
That is why Matco franchisee numbers have been reduced to 1410 active franchisees compared to starting the year with 1423.
How many franchisees lost their franchise in 2013? 182
How many franchisees did not purchase tools over a 6 week period ending in 2013? 24
How many new franchisees were hired in 2012? 169
All the above information is equal to churn! Corporate profits=investor churn.
How come there is such a small probability for success in a Matco franchise? It starts with Matco being owned by Danaher. A wall street traded company. A company with shareholders who only care about profit. Not the lives of investors who are being churned at shareholder expense. Shareholders don't care if you are a veteran or if you entered through a program disguised to look after veterans. (Vetfran) Organizations like the IFA who create programs like Vetfran and Minorityfran do so to attract more victims for franchisor fraud. In fact, the IFA promotes franchisor interest at the expense of the American tax payer by lobbying Congress and banking to invest more SBA loan money into these corporate scammers.
Wow! I just checked out the 2103 FDD and see what your talking about. I wonder if these projected employees will be raising the purchase average of franchisees? I wonder if the franchisees will have to compete with an employee for shops? If a shop opens up in a geographical area between a franchisees route and a Matco employees route who do you think they will ask to call on the new shop with no service? Won't employees be able to go where ever they want in order to bring greater profits to their Wall Street investors? What happens when a franchisee who purchased a non-viable route (meaning there were not at least 325 potential customers on his list) grows his route staying within the confines of his geographical location with the approval of his District Manager (Matco Employee)? Will a new Regional Manager fire his District Manager then come to him with a District Manager from another state to confront the franchisee who is making Matco very successful and take his shops to give to an employee? Think long and hard Matco franchisee prospects. Listen to reason!
Matco tool has my $4356 from a tool I ordered but never recieved the package and fedex confirmed that the package was delivered to the wrong address, no respond or anything from matco tool, everyome on the phone are very root, guys please help me figure this out
Was this an order over the internet?
Matco Tools is a corporation of greed! Churning 100% of their franchisee head count over a 5 to 6 year period. What is more important to understand about Matco is they sell NON-VIABLE franchisee routes which create a CHURN effect using their Distributor and Charter members as the success of Matco franchisees who have territorial agreements and are missing arbitration clauses which restrict franchisees from gaining necessary legal representation.
Attorney's demand to be paid to represent victims who are broke after they find out Matco sold them blue sky. Attorneys also will not represent you in court because they will tell you that you signed agreement which claims if you have a disagreement you agree to arbitration. This arbitration is deemed as binding in the contract which makes it practically impossible to appeal.
If Americans know anything about our court system, in recent years, that the American citizens interest is not what judges cater too. Corporations and corporate protection is what our legal system has come to cater too. The American citizen is the focus of attack. Our Constitution is for the protection of its American citizens, yet, every branch of government has rejected my plea for help against the franchisor who has aligned itself with their managers who committed felony acts against my franchise.
It is not very exciting to be an American citizen when you realize that America is not the land of the free anymore because corporations commit crimes but are untouchable because our politicians are weak because they live in sin, lust and turn from God.
Jesus said "It is easier for a camel to go through the eye of a needle than it is for a rich man to get to heaven." I never signed up for a Matco franchise to become rich. I was told that I could make an honest and comfortable living as a franchisee if I followed a plan. I followed the plan. I did what fellow graduating franchisees did and when I succeeded to a degree Matco didn't like Matco managers were fired and new management came calling.
Stay away from Matco tools and more importantly stay away from franchising!
Is a Danaher CEO successful from selling a Matco franchise business plan that works? Or is he successful from CHURNING franchisees through a business plan that was created to insure that franchisees fail?
5 to 6 years = 100% FRANCHISEE CHURN STAY AWAY FROM MATCO!!!
Does the Danaher CEO care if Matco managers commit felony acts against a States laws in order to fraudulently terminate its franchisees? Has there ever been a manager violation against franchisees that warranted corrective action by managers or local law enforcement to ensure that an Americans Constitutional Rights were not being infringed upon? Does the money made from selling a business plan that doesn't work and was never contractually meant constitute a criminal action? How about some answers from an expert attorney who gives a damn about the innocent people being drawn into a false business opportunity that churns 100% of its franchisee total every 5 to t years. That's 1000 to 1200 franchisees every 5 to 6 years. You have a zero percent chance of paying off your franchise if you invest in a Matco franchise and have to borrow money to do it.
This link lists 2010 - 2013 F.D.D.'s.
If you are thinking about buying a Matco franchise please print out EVERY F.D.D. Then look at the number of terminated franchisees each year. Add them together over the last five years. (Each F.D.D. contains three years of records) Notice for yourself that Matco CHURNS 1000 to 1200 franchisees every 5 to 6 years and has done so since they started selling franchises in 1993. Danaher is a Wall Street traded company which OWNS NMTC Inc. dba Matco Tools. Danaher converted its business model into franchises to control its franchisees actions through erroneous contracts which strip the investor of due process using its Distributorship Agreements and Charter Agreements to do the CHURNING. This type of theft is also known as a Ponzi Scheme which screws one investor to make its investors wealthy. Empty promises and broken dreams is what this franchisor is all about. DO NOT INVEST IN A MATCO FRANCHISE!
It is amazing to me how a corporation can utilize it`s financial gains from stealing from American investors and ripping off the American tax payer to pay off web sites and attorneys to mask their fraud!