Matco Tools ranks 50th for its outstanding performance in areas including unit growth, financial strength and stability, and brand power
Stow, Ohio—Matco Tools has been ranked 50th in Entrepreneur magazine’s Franchise 500, which represents the company’s 21st consecutive Top 50 ranking. Placement in the Franchise 500 is a highly sought-after honor in the franchise industry making it one of the company’s most competitive rankings. Recognized as a resource for potential franchisees, the Franchise 500 awarded Matco Tools for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
Factors that go into the evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points.
“Our mission is to provide people with the opportunity to realize their dream of successful business ownership,” said Matco Tools President Tim Gilmore. “This year has been challenging for people in many ways, seeing how stable our performance has been during this time is a reflection of the Matco business system as well as the dedication of our Franchisees.”
Over its 42 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees, and Matco Tools’ recognition is a testament to its strength as a franchise opportunity.
To view Matco Tools in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2021 issue of Entrepreneur, available on newsstands.