Franchising Status
Eligibility for SBA Loan

Franchisor Background

Year Founded

Year when franchising entity was formed
1964

Parent Company

Corporate owner of franchising entity
Ace Hardware Corporation

CEO

Chief Executive Officer of Franchisor
John Venhuizen

Franchise Units

Size of franchisee system
4,310

Industry

High level industry category
Retail

Initial Franchisee Requirements

Net Worth Required

Minimum net worth required to be franchisee
$400,000

Liquid Capital Required

Minimum liquid capital required to be franchisee
$250,000

Minimum Investment

Lowest reported franchise investment cost
$272,500

Maximum Investment

Highest reported franchise investment cost
$1,574,230

Minimum Franchise Fee

Minimum initial fee payable to franchisor
$5,000

Maximum Franchise Fee

Maximum initial fee payable to franchisor
$5,000

Other Considerations for Franchisees

Initial Term

Length of initial franchise agreement
Unknown years

Renewal Term

Length of franchise agreement if renewed
Unknown years

Number of Franchisor Lawsuits

Between franchisors and franchisees
11

Number of Director Bankruptcies

Franchisor directors, and franchise entities
0

Distribution of Ace Hardware Franchisees

Ace Hardware Franchise System Development in 2017

FAQ

How much investment do I need to start my own Ace Hardware business?
Franchisees typically require at least $272,500 to $1,574,230 investment to get their Ace Hardware business started
What are the initial franchise fees for Ace Hardware?
Franchisees typically need to pay at least $5,000 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 general $739,173 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

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