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”.
Franchisee Attrition
8 /10
This franchise's rate of attrition in 2021
of 1.80%
was
Slightly Lower
than the 8% in the Retail Stores industry. Generally speaking, a higher rate of attrition represents a less stable franchise system and a lower rate of attrition indicates a more successful system
What's Included in franchise attrition?
We define the franchisee attrition rate as the sum of terminations, re-acquisitions by
franchisor, non-renewals, and ceased operations, divided by the number of outlest at the start of the year.
It is a strong indicator of the strength of the underlying operating model
Franchise Types Available
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Type
Investment
Fees
Employee Contact Database
#
Name
Position
Phone Number
Email Address
Franchise Disclosure Documents
FDD
Effective Date
Distribution of Ace Hardware Franchisees
Ace Hardware Franchise System Development in 2021
FAQ
How much investment do I need to start my own Ace Hardware business?
Franchisees typically require at least
$292,000 to
$2,957,150 investment to get their
Ace Hardware business started
What are the initial franchise fees for Ace Hardware?
Franchisees typically need to pay at least
$0 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
$0 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
0 /10
The Franchisor's investment costs ranges from
$1,543,150 to $2,957,150
which is
Much Lower
than the $210,550 to $455,143 average in the Retail Stores 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
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