TL;DR
Matco Tools has been ranked as one of the top 500 franchises in Entrepreneur's Franchise 500, recognizing its outstanding performance in areas such as unit growth and financial strength. The ranking is based on an analysis of over 150 data points, including costs and fees, size and growth, and brand strength.
"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."
In this story
This story was originally published in Franchising.com on January 10, 2022. Burnaze summarizes and links to the original reporting.
Read the full story at Franchising.comLiked this? Get the week's franchise news, explained
- Sunday 8 AM ET weekly + a monthly deep dive
- Sections picked for the industries you follow
- Every claim linked to its source. Free.