Reviews from Mac Tools employees about Mac Tools culture, salaries, benefits, work-life balance, management, job security, and more. This is an franchise so this. The average McDonalds franchise owner should net about 10% of sales for each restaurant owned according to Mr. The average McDonalds restaurant open at least a year had sales of $2. The Mechanics Tool and Forge Company was founded in 1938, and its name was changed to Mac Tools in 1963. Today, Mac Tools is a division of Stanley Black & Decker Inc. And sells automotive tools.

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10 of 10

Total dispersed: $28.9 million

Failure rate: 36%

Tool manufacturer and distributor Matco is the riskiest investment on the top-10 'most popular' list, with more than one third of its SBA-backed loans going bad.

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Matco is one of the least expensive franchises to launch, with no licensing or royalty fees. The tool company's franchisee distributors sell its tools and auto supplies out of branded mobile trucks, targeting likely buyers in their franchise territory.

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Source: Loan data is from the Small Business Administration, covering loans made from October 2000 through September 2009. The failure rate represents the number of loans in liquidation or charged off, divided by the number of loans disbursed.

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Bond's Franchising Guide, explains, reacquisitions can have two different meanings:

Average Pay For A Mac Tool Franchise Owner Salary

A reacquisition could be positive in that the franchisor feels so confident about the franchise/brand that they want to own more units themselves.

It could be negative if the selling franchisee can’t readily find a buyer and the franchisor reacquires the unit (usually for less than the initial investment) to preclude them from having to have a negative impact in total operating units for a given period.

Because of the ambiguous nature of reacquisitions we did not include this figure in our tally of closures over a three-year period. In general, this worked well. For mobile tool dealers like Snap-on this turned out to be a significant advantage. Without fixed locations to shut down, Snap-on generally takes back struggling franchises for a small cash payment or the forgiveness of debt. Very few are ever terminated.

'Our principal interest is to keep our end customers supported. We don’t want to leave territories open. Some of these become company stores, others are resold,' explains Tom Kassouf, President of Snap-on Tools Group.

If the goal was to express the health of a system, then stating that the Snap-on franchisees experienced zero closures from 2008 to 2011 is misleading. Clearly, franchisees failed but were not accounted for under conventional methods. For the future, a better metric may indicate churn, whereby we take all transfer events, including reacquisitions, into account. Windows 10 media creation tool download for mac.

In separate telephone calls, both Mr. Lager and Mr. Kelly identified other concerns about Snap-on that were not considered under our methodology, including lawsuits and restricted access to outside financing. In our attempt to create an objective list based solely on the data available in Franchise Disclosure Documents it seems we fall short in some important respects. Going forward we will work hard to improve our methodology to better account for the complicated nuances that accompany different franchise systems.