Matco Tools was recognized as one of the top 500 franchises in Entrepreneur‘s Franchise 500. Recognized as an invaluable resource for potential franchisees, the 2022 Franchise 500 ranks Matco Tools as the 29th top franchise for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
“The past year has been one of the most challenging for businesses in recent memory, which made putting together our 43rd annual Franchise 500 list more enlightening than ever,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to this year’s list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship.”
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.
“This past year continued to be challenging for so many businesses, but the strength and tenacity of our Franchisees persisted.” says Matco Tools vice president of marketing, Hilda Shipcka. “We saw record setting growth for our business owners and welcomed many new franchisees who are realizing their dream of business ownership with Matco.”
Over its 43 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. This will be Matco’s 22nd consecutive Top 50 ranking.