2/10

Franchimp Summary Rating

2 /10
Higher than 83% of peers

Franchise Summary

Description
The franchise offered is for the operation of a retail hardware store under the name "Ace Hardware. "
Company Background
Ace Hardware is a leading retailer of hardware, tools, and supplies for the do-it-yourself home improvement market. They have been in business since 1924. They are a member of the National Hardware Association and support local communities through their Ace Community Partnership Program. The program has donated more than $100 million to charities in 2017 alone.
Franchise Opportunity
To be a successful Ace Hardware franchisee, you need to have the right combination of skills and abilities. You must possess excellent management, leadership and communication skills. It's important that you are an effective decision maker who can work well with others in a team environment. Your ability to motivate employees is crucial because they will look up to you as their leader. Owners also need financial strength, since opening an Ace Hardware store requires significant capital investment. The good news is that if your goal is to own your own business someday soon, we can help make it happen! We provide all the tools and resources necessary for success including our innovative products and services along with hands-on training from other owners who have been there before you. And best of all - we offer financing options so you don't have to worry about coming up with large sums of cash upfront when starting out!
Corporate Structure
Ace Hardware Corporation is a Delaware coloration that was incorporated on June 16, 1964. In 1972, through a corporate merger they succeeded to the business of an Illinois corporation organized in 1928 that was also known as Ace Hardware Corporation. They became a retailer-owned cooperative in 1976. Their principal business address is 2200 Kensington Court, Oak Brook, Illinois 60523-2103. They conduct business under their corporate name, Ace Hardware Corporation, and under the assumed names “Ace Trading Co.”, “AHC Trucking Co.” and “AHC Logistics”.

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Ace Hardware Franchisees

Ace Hardware Franchise System Development in 2021

Historical Ace Hardware System Growth

FAQ

How much investment do I need to start my own Ace Hardware business?
Franchisees typically require at least $292 to $2 investment to get their Ace Hardware business started
What are the initial franchise fees for Ace Hardware?
Franchisees typically need to pay at least $1 in fees directly to Ace Hardware in order to earn the right to launch their business
How much money can I make with a Ace Hardware franchise? What are the average revenues for a typical Ace Hardware business?
We haven’t done the math on how much revenue a typical Ace Hardware brings in each year. We estimate that other franchisees in the Retail industry generate $1,153,118 revenue, so we would expect Ace Hardware to generate a similar amount
How long do I need to commit to running a Ace Hardware unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

2 /10
The Franchisor's investment costs ranges from $292,000 to $2,121,230 which is Much Higher than the $0 to $0 average in the Home Goods & Furnishings Retail industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE