MATCO TOOLS Franchise Video Battle [UPDATED]
The MATCO TOOLS Franchise Information Video is narrated by Senior Vice President of Sales Tim Gilmore, and posted for public viewing by the company on YouTube.
It begins: “Hi. My name is Tim Gilmore, Vice President of Sales for Matco Tools in Stow, Ohio.
“Having started as a Matco Tools distributor over 20 years ago, I’m in a unique position to talk to you about an opportunity to become part of the Matco Tools franchise team.
“I want to give you a sense of who we are at Matco and a brief history of our unique business model…”
Matco Franchise Video Comes Under Fire
The original franchise sales video we posted here (and that had been promoted by Matco Tools on YouTube.com for over a year), came under fire by Matco franchise owners who claimed that it contained fraudulent claims by now-President Tim Gilmore about the success rates of franchises vs. independent businesses.
In the original video, Matco’s Tim Gilmore states that a “recent study” by the U.S. Department of Commerce proves that 91% of all franchises are successful.
Not only does that study not exist, claim unhappy franchisees, but Matco’s own SBA loan default rate is 37%.
Matco Tools franchisee Debbie Solko posted an angry response to Tim Gilmore’s claims in a homemade video (“Gilmore Lies”) she posted to YouTube.
Franchisee Debbie Solko Attacks Matco Tools Sales Claims as Lies
Within days of franchisee comments about the video on UnhappyFranchisee.com and an angry video posted on YouTube, Matco Tools took their franchise sales video offline.
Matco Tools Removes The Video from YouTube
Matco Tools Posts an Edited Version with Success Statistics Removed
A few days later, the video was replaced with a version that had the controversial statistics crudely edited out.
Watch the REVISED Matco Tools Franchise Information Video below:
UnhappyFranchisee.com has been host to a heated discussions and numerous complaints by current and former Matco Tools franchise owners who feel that Matco represents the nature and risk level of its franchise opportunity.
What do you think? Does Mr. Gilmore provide a factual and accurate picture of the Matco Tools franchise program and opportunity?
Matco Tools Franchise Posts & Discussions
MATCO TOOLS Franchise Complaints June 8, 2011 (3000+ comments)
MATCO TOOLS: Franchisee Alleges Franchise Fraud (Video) January 4, 2012
MATCO TOOLS: Lady Matco Speaks Out (Video) January 1, 2012
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
ARE YOU FAMILIAR WITH THE MATCO TOOLS FRANCHISE DISTRIBUTOR PROGRAM? WHAT DO YOU THINK? SHARE A COMMENT BELOW!
To contact the author and site admin, email UnhappyFranchisee[at]gmail.com
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Tim Gilmore is a LIAR! He is a Danaher Wall Street puppet who supports the fleecing of investors for profit. He is the Hitler of Marketing and has the immoral structure of a Charles Manson. Anyone who can LIE to support his fleecing of investors rather than show TRUE numbers of growth (There is none) should be imprisoned for fraud and the destruction of the American investor. Tim Gilmore is a DISGRACE to American citizens. Tim Gilmore should be in a jail cell next Bernie Madoff that way they can share their experiences on how they screwed the American investor and got away with it. Well, have gotten away with it.!
More lies from Tim Gilmore!
http://www.business-opportunities.biz/franchise/2009/01/12/matco-tools-franchise-listed-in-entrepreneur-magazines-franchise-500/
Should read: “Tim Gilmore is constantly lying about Matco’s success because his goal is to CHURN franchisees rather than keep them in their routes.”
Matco’s rankings are bought! If Matco is the example of how to be successful in franchising I don’t want to know what failure is.
Year-Number of franchise distributors at years end.
2006- 1490
2007- 1479
2008- 1443
2009- 1462
2010- 1418
2011- 1423
The article was posted in 2009. Where is all this success?
Mr. Gilmore is a compulsive liar!
http://www.docstoc.com/docs/48894509/Matco-Tools-Taking-it-to-the-Streets
In this article Mr. Gilmore states that the company’s distributor retention was the “Highest in History”.
Year-Number of franchise distributors at years end.
2006- 1490
2007- 1479
2008- 1443
2009- 1462
2010- 1418
2011- 1423
What’s the matter Mr. Gilmore? You don’t know how to read the F.D.D. you make your franchisees sign to become members?
Or do you have a hard time with numbers?
Maybe your the reason Matco is the fraudulent opportunity it has become?
If you spend money buying recruitment ads “they will come.” Right! Mr. Gilmore?
http://www.business-opportunities.biz/franchise/2009/02/03/matco-tools-franchise-named-one-of-america%E2%80%99s-top-global-franchises/
It seems that there are a lot of places you can lie to the American people and they will publish it.
Is that what I need to do to get others to listen to the truth of what Matco did to my franchise Mr. Gilmore? Lie?
How many web sites does Tim Gilmore spew his lies through?
http://www.spyfu.com/Term.aspx?t=12587680&org=50
A whole lot!
Someone knows you better than I do Mr. Gilmore!
http://masterjobs.net/matco
Don’t know who he is but being a D.M. and being with Matco 10 years should bring some credibility to my claims.
Excerpt from a former manager…
Glad to see there are some people from Matco commenting about this wonderful company. I was a District Mgr for over 10 yrs. I have watched my friends get fired one by one until I got the axe.
Now I felt I was a pretty good performer/got top 10 DM a few times and put 50 people in the tool business. But you know, have a couple down yrs with few new placements and see ya. The company is plagued with inept management from the President (he is just burned out/been there too long) to the loon who calls himself the VP of Sales (Tim Gilmore) down to my Regional Mgr (who, let’s just say he is so afraid of losing his job// he lost his balls years ago).
For the positives, the normal people up at Matco are great and even some of the managers too. The DMs are all great and that is what I truly miss. This company went from the best one I ever worked for to the worst in about 3 years. The timeline began in so far as the downslide when Tim Gilmore became VP. You talk about someone who came up thru the ranks from a truck to a DM to an RM to staff (you think he would remember where he came from?) not a chance.
I truly believe that when he came out of the woodwork and reared his ugly head (back at the Las Vegas Expo in 2004; that is when Matco got truly f’d up!) People complained about the old VP of sales (Eric Mullenmeister). At least he believe in rewarding performance with pay. When Eric walked into the room, he commanded the presence of a VP of Sales. Tim Gilmore only has a personality when it is in his best interest to have one; usually in front of a crowd at Expo. Other than that, I have more leadership traits in my left nut than he ever thought of having.
This is not about dislike, it is about lack of respect for any of your leadership. To get a toolman to help you build your district, you have to start out by earning their respect. They are not your employees. Too bad Matco management couldn’t take a page out of that book. Every year the benefits got less, the DM pay got less, the workload and the micro management increased and they dangled your job over your head and made you feel greatful to work for this cess pool of a company.
Your direct supervisor which would be the Regional Mgr (if he cared about his employees) could have insulated some of his managers from some of this uneccessary crap/ but as I said before, he only did what he needed to do to save his own skin. As far as being a Distributor, I will say that if you have a work ethic and can manage your money it is possible to succeed. I will also say that right now IS NOT a good time to go into the tool business or anything for that matter where you are inventory heavy.
2007 and 2008 have flat sucked for most every toolman. Matco will take your money, though. When you fail its no skin off their ass. It is still an ok company for the toolman/ but it has gotten worse. Matco has inept buyers who don’t know about what they are buying and are either too naive about what they are doing or are forced to tack so much mark up on the tools by Matco itself that we are alot of times priced way out of the market.
I remember when Matco was a great tool at a very reasonable price. Not anymore. I would really like to believe that Tim Gilmore is responsible for all that is bad that is Matco. But, I believe he is too stupid to be able to influence the company like that. So, I will blame it on Danaher, the parent company. This is where the crap all fliters down from. Check out the big fat $35 mill paycheck Larry Culp got last year/ or the year before. They can authorize this nonsense, but can’t give a DM over $300 to put on a meeting that can generate $40k in sales or pay for a Distributor to re-decal his tool truck with Matco’s stickers.
If you want my advice, pick another company to work for. I haven’t heard anything bad about Cornwell. Mac and Snap-on? Forget them. Am I pissed (well just when I write stuff like this). My stress level dropped about 100% the very next day after I was fired. I want to say Matco Tools is uniquely f’d up… but in my heart I truly believe they are no different than any other big company.
How many Veterans have you CHURNED through the Vetfran program Matco?
I want to know?
You claim 230 have bought a Matco franchise! How many still own a Matco Franchise?
http://vetfran.matcotools.com/franchise/veterans/news/
Can a franchise COALITION be EXPOSED for the fraud they are presenting to the American people? A COALITION comprised of the Federal Trade Commission, the International Franchise Association and Franchisors. (Large Corporate owners of a franchise system)
You need to do what is right Matco! (Danaher)
http://www.businessinsider.com/the-50-highest-paid-ceos-in-america-2012-5
The Associated Press surveyed CEOs of the S&P 500, including their gross pay for 2011. They released the list of the highest paid CEOs this morning.
This factors in salary, perks, bonuses and all stock options and awards. The biggest gainer in the top 50 percentage-wise is Leucadia National CEO Ian M. Cumming, who saw his pay increase by 531 percent, according to the AP. Only 30 percent of the top grossing CEOs had their salaries go down over the last year.
The highest paid CEO in 2011? David Simon of Simon Property Group, who owns most of the nation’s top malls, including Mall Of America in Minnesota. Here is the entire top 50 list.
1. David Simon, Simon Property Group, $137.2 million, up 458 percent
2. Leslie Moonves, CBS, $68.4 million, up 20 percent
3. David M. Zaslav, Discovery Communications, $52.4 million, up 23 percent
4. Sanjay K. Jha, Motorola Mobility, $47.2 million, up 262 percent
5. Philippe P. Dauman, Viacom, $43.1 million, down 49 percent
6. David M. Cote, Honeywell International, $35.7 million, up 135 percent
7. Robert A. Iger, Walt Disney, $31.4 million, up 12 percent
8. Clarence P. Cazalot Jr., Marathon Oil, $29.9 million, up 239 percent
9. John P. Daane, Altera, $29.6, million, up 278 percent
10. Alan Mulally, Ford Motor, $29.5 million, up 11 percent
11. Gregory Q. Brown, Motorola Solutions, $29.3 million, up 113 percent
12. Richard C. Adkerson, Freeport-McMoRan, $28.4 million, down 19 percent
13. Ian M. Cumming, Leucadia National, $28.2 million, up 531 percent
14. Brian L. Roberts, Comcast, $26.9 million, down 13 percent
15. Jeffrey L. Bewkes, Time Warner, $25.7 million, down 2 percent
16. Rex W. Tillerson, Exxon Mobil, $25.2 million, up 17 percent
17. Samuel J. Palmisano, IBM, $24.2 million, down 4 percent
18. William C. Weldon, Johnson & Johnson, $23.4 million, up 1 percent
19. James Dimon, JPMorgan Chase, $23.1 million, up 11 percent
20. Louis R. Chenevert, United Technologies, $22.9 million, up 17 percent
21. Kenneth I. Chenault, American Express, $22.5 million, up 38 percent
22. Laurence D. Fink, BlackRock, $21.9 million, down 8 percent
23. Paul E. Jacobs, Qualcomm, $21.7 million, up 23 percent
24. H. Lawrence Culp Jr., Danaher, $21.7 million, up 27 percent
25. Muhtar Kent, Coca-Cola, $21.2 million, up 10 percent
26. Kirk S. Hachigian, Cooper Industries, $21.1 million, down 16 percent
27. Wesley G. Bush, Northrop Grumman, $21 million, down 5 percent
28. Robert J. Stevens, Lockheed Martin, $20.5 million, up 7 percent
29. Louis C. Camilleri, Philip Morris International, $20.2 million, down 2 percent
30. Gregg W. Steinhafel, Target, $19.5 million, down 18 percent
31. James T. Hackett, Anadarko Petroleum, $19.5 million, up 4 percent
32. Steve Ells, Chipotle Mexican Grill, $19.4 million, up 38 percent
33. Leslie H. Wexner, Limited Brands, $19.2 million, down 6 percent
34. James J. Mulva, ConocoPhillips, $19.2 million, up 7 percent
35. Miles D. White, Abbott Laboratories, $19 million, down 6 percent
36. David M. Cordani, Cigna, $18.9 million, up 25 percent
37. Kevin W. Sharer, Amgen, $18.9 million, down 11 percent
38. Montgomery F. Moran, Chipotle Mexican Grill, $18.8 million, up 39 percent
39. Randall L. Stephenson, AT&T, $18.7 million, down 8 percent
40. Richard D. Fairbank, Capital One Financial, $18.7 million, up 26 percent
41. Debra A. Cafaro, Ventas, $18.5 million, up 117 percent
42. W. James McNerney Jr., Boeing, $18.4 million, up 34 percent
43. John S. Watson, Chevron, $18.1 million, up 30 percent
44. Michael T. Duke, Wal-Mart Stores, $18.1 million, down 3 percent
45. John G. Stumpf, Wells Fargo, $17.9 million, up 2 percent
46. Kent J. Thiry, DaVita, $17.5 million, up 24 percent
47. James M. Cracchiolo, Ameriprise Financial, $17.3 million, up 3 percent
48. Paul S. Otellini, Intel, $17.2 million, up 11 percent
49. Robert J. Coury, Mylan, $16.8 million, up 12 percent
50. Evan G. Greenberg, ACE, $16.6 million, up 6 percent
Recommended For You
Read more: http://www.businessinsider.com/the-50-highest-paid-ceos-in-america-2012-5#ixzz25TRBrN52
24. H. Lawrence Culp Jr., Danaher, $21.7 million, up 27 percent
24. H. Lawrence Culp Jr., Danaher, $21.7 million, up 27 percent
24. H. Lawrence Culp Jr., Danaher, $21.7 million, up 27 percent
24. H. Lawrence Culp Jr., Danaher, $21.7 million, up 27 percent
24. H. Lawrence Culp Jr., Danaher, $21.7 million, up 27 percent
38% approval rating from employees
21% would approve Danaher as an employment opportunity to a friend.
up 27% Are you KIDDING! Paid 27% more than the previous year?
Who the HELL got a 27% raise last year as an employee?
Why in the HELL does anyone need 27 MILLION DOLLARS!
Why do CEO’s need to make SO MUCH money?
Why are they allowed to keep it when they are FLEECING investor?
I WANT ANSWERS!
“Every year the benefits got less, the DM pay got less, the workload and the micro management increased and they dangled your job over your head and made you feel greatful to work for this cess pool of a company.”
From a former long term manager
more Matco Tools fraud
“I remember when Matco was a great tool co at a very reasonable price. Not anymore.”
from a former long term manager
more Matco Tools fraud
“2007 and 2008 have flat sucked for most every toolman. Matco will take your money, though. When you fail its no skin off their ass.”
more truth from a former long term manager
Matco Tools fraud
“As far as being a Distributor, I will say that if you have a work ethic and can manage your money it is possible to succeed. I will also say that right now IS NOT a good time to go into the tool business or anything for that matter where you are inventory heavy.”
more truth from a former long term manager
“It is possible to succeed” only if you have no debt, your spouse has a job to supplement your family income and you can somehow avoid the Matco Tools Ax…all of which together is nearly impossible as Matco wants to keep Franchisee’s loaded with debt…
“This company went from the best one I ever worked for to the worst in about 3 years. The timeline began in so far as the downslide when Tim Gilmore became VP. You talk about someone who came up thru the ranks from a truck to a DM to an RM to staff (you think he would remember where he came from?) not a chance.”
more truth from a former long term manager
Matco Tools fraud
“Now I felt I was a pretty good performer/got top 10 DM a few times and put 50 people in the tool business. But you know, have a couple down yrs with few new placements and “see ya”. The company is plagued with inept management…”
more truth from a former long term manager
This comment is proof positive that if a MANAGER is not “churning” franchisee’s, he is expendable
Matco Tools fraud