Posted by bryan smith on 04:25:26 PM on February 13, 2012
We at Instant Imprints have come to the table for our veterans, Our $29,950 franchise fee has been cut dramaticly and 1/2 of the balance financed for 4 years leaving a $9,950 franchise fee. The original FF was cut by 10k and we are financining 10k over 4 years 0% interest.
Posted by Todd Peterson on 02:06:00 AM on January 19, 2012
To anyone considering Matco as a Franchise please research the Internet as well as read your UFOC and Matco Contract completely. If you are still thinking about it check with an attorney. I am warning you as a 3 year Vet in the Army and the 6 1/2 year owner of a Matco Franchise WALK AWAY. Matco gave me an unviable route to begin with and then when I went out and got more shops with my District Managers approval he got fired and within two months Matco was beating my door down and threatening me with the loss of my Franchise if I didn't surrender shops. Then I had to do it again because my new Regional Manager didn't think that was enough. By the time they got done raping my business I was left with a non-viable route that was not profitable. Then when the economy got bad in 2009 I was told Matco would resurvey my route and it never happened. Matco would end up creating a FALSE DOCUMENT which stated I was a bad Distributor and would ultimately lead to them stealing my Franchise back. They are currently being sued for SBA loan fraud and more litigation involving Labor Laws, False Ads, False Terminations, Fraud and Falsifying LEGAL Documents is soon to follow. On a scale of 1 to 10 I rate this Company a ZERO. Their SBA loan failure rate is 37% and does not reflect other types of loans. WALK AWAY!!!
Posted by Organized Chaos on 08:58:02 PM on January 18, 2012
To all our young vets, we salute you. Please do extensive research before stepping into ANY franchise, especially Matco Tools since chances are you will lose everything within a few years with them. Their failure rate is astounding...