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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 and equipment. Prior to the start of franchising in 2011, the company offered distributorships.

Parent Company: Stanley Black and Decker

Leadership: Phil Cox, President/General Manager

Franchising Since: 2011 (10 years)

Where seeking

This company is seeking new franchisees worldwide.

This company is seeking new franchisees in the following international regions: Asia, Europe (Western), Canada

# of Units: 1,108 (as of 2021)

Corporate Address: 505 N. Cleveland Ave.
Westerville, OH 43082

Corporate Address: Mac Tools

Here's what you need to know if you're interested in opening a Mac Tools franchise.

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee: $8,000

Initial Investment: $151,125 - $295,740

Net Worth Requirement: $40,000

Cash Requirement: $20,000 - $30,000

Veteran Incentives: $25,000 startup credit

Term of Agreement: 10 years

Is franchise term renewable?: Yes

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing: Mac Tools has relationships with third-party sources which offer financing to cover the following: startup costs, equipment, inventory, accounts receivable

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training: 120 hours

Classroom Training: 50 hours

Additional Training: As needed

Ongoing Support: Security & Safety Procedures

Franchisee Intranet Platform

Additional details about running this franchise.

Is absentee ownership allowed?: No

Can this franchise be run from home/mobile unit?: Yes

Can this franchise be run part time?: No

Are exclusive territories available?: Yes

Compare where Mac Tools landed on this year's Franchise 500 Ranking versus previous years.

Curious to know where Mac Tools ranked on other franchise lists? Find out below.

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Disclaimer

The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.

Updated: February 8th, 2021