Munster Tool Co. set to capitalise on downturn
Bucking the trend that has seen many automotive companies suffer during the recession, Munster Tool Co. is instead set to strengthen its position in 2009. The Cork-based company, which sells specialised tools to mechanics, is aiming to capitalise on the increasing number of people using independent, cost-effective garages, which need the right tools to provide a fast and efficient service to customers.
Martin McMahon, Director of Munster Tool Co., says: 'It is evident that garages are shutting down, but what happens when they shut? The mechanics that have lost their jobs go and set up smaller garages themselves, or they begin to work from home. This means they will need to buy tools to set up these smaller businesses.'
Donald Healy, Director of Munster Tool Co., adds: 'It has also become clear that new car sales are down substantially this January compared to last January, not to mention the fact that car sales were down nearly 20 per cent in 2008, this means there are more older cars being kept on the road. This then leads to more maintenance and repair.'
Munster Tool Co. was founded in 1980 and has been franchising since 2005. With 10 franchisees now operating the company has developed their specialised operating procedures and training programmes based on in-house systems and practices that have been tried, tested and perfected.