Ace Hardware Franchise

Hardware & home improvement store

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What started as a little chain of stores built up by a gathering of Chicago retailers in 1924 has advanced into one of the country's driving "useful equipment" merchant possessed cooperatives. Ace has developed from a couple of Chicago-region tool shops, to incorporate more than 4,700 stores in 50 states and more than 70 nations. However one thing has stayed unaltered - Ace's dedication to conveying accommodating equipment administration to shoppers.For over 90 years, Ace Hardware has been America's neighborhood equipment retailer. Perceived as pioneer in the blasting $279 billion home change industry, Ace Hardware is putting forth a gigantic open door for those needing to assemble a gainful and enduring business. With the budgetary sponsorship and support from an all around trusted and privately grasped mark you can begin your own particular business that leads its industry in consumer loyalty. Why Ace Hardware? Fruitful people like you pick Ace Hardware for business proprietorship regularly for these 7 reasons: New store motivations - up to $330,000* No sovereignty expenses and a part of the organization benefits are dispersed back to the retail proprietors every year Autonomous possession with devoted preparing and support Adaptable item blend that can be altered to your nearby market Suggested center Ace item blend in view of 16 years of Point-of-Sale information Strong establishment and craze confirmation future All around perceived and privately grasped *Incentives fluctuate by store design/estimate and depend on Discovery prescribed items and amounts. Motivation given as an acknowledge, not as money or an advance. $330,000 depends on a prescribed request for a 10,000sq. ft. store. The fruitful Ace Owner: Is a diligent employee Is energetic about awesome client benefit Has great correspondence and deals abilities Has a reputation for achievement Has administration abilities Has extraordinary authoritative abilitiesThe total investment necessary to begin operation of an Ace Hardware store that is between 3,000 and 15,000 square feet ranges from approximately $321,000 to $1,067,230 for a store located on leased premises; from approximately $355,000 to $2,110,230 for a store which is newly constructed; and from $41,000 to $852,230 for an existing hardware store which is converted to an Ace Hardware store. This includes up-to $1,103,000 that must be paid to the franchisor or affiliate.Veteran Incentives Franchise fee waived #6 in Franchise 500 for 2020.#23 in Franchise 500 for 2021.

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Please Note: The operators of Ace Hardware, may not have verified the accuracy of the Franchise information contained within this website. For accurate up-to-date information, investors are strongly recommended to visit the official Ace Hardware website.

How much does it cost to open a Ace Hardware Franchise ?

The investment required to open a Ace Hardware Franchise is between $41,000 - $2,110,230 . There is an initial franchise fee of $5,000 which grants you the license to run a business under the Ace Hardware name.

Individual Franchise Costs

  • Initial Investment:
    $41,000 -
  • Initial Franchise Fee:
    $5,000
  • Royalty Fee:
    0

Expense In-House Third Party
Franchise Fee No Yes
Startup Costs No Yes
Equipment No Yes
Inventory No Yes
Accounts Receivable No Yes
Payroll No Yes

Third Party Financing Source(s):
Franchise America Finance

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

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.

Ace Hardware Growth History

When did the first Ace Hardware open? 1924
When did Ace Hardware start Franchising ? 1976

Minimum Financial Requirements: * $250,000 Liquid Assets * $400,000 Net Worth


How much does a Ace Hardware Franchise owner make?

How much money you could make as a Ace Hardware Franchise owner depends on a wide variety of factors. As a business owner, your primary goals are to strive for high sales while keeping your oper_ating costs as low as possible while still maintaining quality products and service. The monthly oper_ating costs that you will incur as a Ace Hardware Franchise owner may include royalty fees, rent or mortgage, staffing, products, supplies, utilities, administrative costs and other things. Although your monthly oper_ating costs may vary from month to month, your start up costs are typically fixed and they will cover the majority of your initial oper_ating equipment, signage, and renovations.

Initial Investment
$5,000 - $2,110,230
Initial Franchise Fee
$5,000
Royalty Fee
0
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Legal Disclaimer: This information is not a franchise offering for Ace Hardware and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recomend that anyone seriously interested in pursuing a Ace Hardware franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.