Start-Up Costs and Fees |
||
| Ace Hardware | HobbyTown USA | |
| Investment | 41000 - 2110230 | 199500 - 374000 |
| Franchise Fee | 0 | |
| Royalty Fee | 0 | 3% |
| Advertising Fee | 1%-3% | |
| Year Founded | 1924 | 1969 |
| Year Franchised | 1976 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ace Hardware | HobbyTown USA | |
| Experience | Minimum Financial Requirements: * $250,000 Liquid Assets * $400,000 Net Worth | |
Financing Options |
||
| Ace Hardware | HobbyTown USA | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Ace Hardware | HobbyTown USA | |
| Training | Training in all functional areas of operation, service and promotion: * Effective store management * Strategies and management of each revenue center * Purchasing and inventory strategies * Implementing helpful customer service * Financial management and "back-office" procedures * Hiring, training and managing employees * Effective store marketing techniques | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | Hands on, in-store training at opening - Ongoing contact from dedicated Ace support staff - In-store tools for continual improvement * In-store customer survey * Customer comment card program * Mystery shopper program A district manager will be assigned to your store to facilitate ongoing business needs and help you develop store growth plans to maximize retail sales and profits. | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing Loyalty program/app | |
| Operations | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Ace Hardware | HobbyTown USA | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ace Hardware | |
| HobbyTown USA | |
| Franchise Fee | |
| Ace Hardware | |
| HobbyTown USA | |
| Royalty Fee | |
| Ace Hardware | 0 |
| HobbyTown USA | 3% |
| Advertising Fee | |
| Ace Hardware | |
| HobbyTown USA | 1%-3% |
| Year Founded | |
| Ace Hardware | 1924 |
| HobbyTown USA | 1969 |
| Year Franchised | |
| Ace Hardware | 1976 |
| HobbyTown USA | 1986 |
| Term Of Agreement | |
| Ace Hardware | |
| HobbyTown USA | 10 years |
| Renewal Fee | |
| Ace Hardware | |
| HobbyTown USA | $2K |
Business Experience Requirements |
|
| Experience | |
| Ace Hardware | Minimum Financial Requirements: * $250,000 Liquid Assets * $400,000 Net Worth |
| HobbyTown USA | |
Financing Options |
|
| Franchise Fees | |
| Ace Hardware | No |
| HobbyTown USA | No |
| Start-up Costs | |
| Ace Hardware | |
| HobbyTown USA | |
| Equipment | |
| Ace Hardware} | |
| HobbyTown USA | |
| Inventory | |
| Ace Hardware | |
| HobbyTown USA | |
| Receivables | |
| Ace Hardware | |
| HobbyTown USA | |
| Payroll | |
| Ace Hardware | |
| HobbyTown USA | |
Training & Support |
|
| Training | |
| Ace Hardware | Training in all functional areas of operation, service and promotion: * Effective store management * Strategies and management of each revenue center * Purchasing and inventory strategies * Implementing helpful customer service * Financial management and "back-office" procedures * Hiring, training and managing employees * Effective store marketing techniques |
| HobbyTown USA | On-The-Job Training: 40 hours Classroom Training: 40 hours |
| Support | |
| Ace Hardware | Hands on, in-store training at opening - Ongoing contact from dedicated Ace support staff - In-store tools for continual improvement * In-store customer survey * Customer comment card program * Mystery shopper program A district manager will be assigned to your store to facilitate ongoing business needs and help you develop store growth plans to maximize retail sales and profits. |
| HobbyTown USA | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software |
| Marketing | |
| Ace Hardware | |
| HobbyTown USA | Co-op Advertising Ad Templates National Media Regional Advertising Social media Email marketing Loyalty program/app |
| Operations | |
| Ace Hardware | |
| HobbyTown USA | 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 4 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Ace Hardware | |
| HobbyTown USA | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Ace Hardware | 0 |
| HobbyTown USA | |
| International Expansion | |
| Ace Hardware | |
| HobbyTown USA | Canada, |