The franchise offered is for the operation of a retail hardware store under the name “Ace Hardware.”
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”.
The 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.
No data available.