The breakdown of your franchise costs includes:
- You'll pay between $4,000 and $5,000 as a franchise fee
- Capital subscription costs between $4,000 and $5,000
- Signage costs vary widely, between $2,500 and $25,000
- Interior décor ranges between $7,000 and $14,000
- Property improvements, including fixtures and furniture, average around $8 per square foot
- Telecom equipment costs between $10,000 and $20,000
Full Answer
How to become an Ace Hardware franchise owner?
How many Ace distribution centers are there?
How many Ace stores are there?
Ace Hardware Franchise Cost & Opportunities 2022 | Franchise Help
Ace Hardware stores sell high quality home improvement products while emphasizing a helpful, personalized shopping experience. As the largest retailer-owned hardware cooperative in the world, Ace’s brand strategy is to enjoy the best of both worlds: harnessing the buying power of its thousands of stores while differentiating from the giant big box chains through convenient, locally owned ...
Ace Hardware Franchise for Sale ~ Hardware and Stores Business
Buy Ace Hardware Franchise for Sale - ~ Hardware and Stores Franchise for Sale, Retail ~ Hardware and Stores Franchise Opportunity Listing, Buy a Franchise Business Founded in 1924 by a small group of Chicago hardware store owners, Ace changed the retail landscape by allowing individual stores to purchase merchandise in bulk to save money and buy at the lowest possible price.
How to become an Ace Hardware franchise owner?
Also you should choose required concept - or open a new store, or convert your store to Ace, or add Ace to your grocery store. Assess market availability. You will want to look at the market availability for Ace Hardware ...
How many Ace distribution centers are there?
Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and United Arab Emirates.
How many Ace stores are there?
After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2016, it has over 4,800 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and United Arab Emirates.
How much does it cost to open an Ace Hardware store?
New owners can expect to pay a $5,000 franchise fee for the rights to open their own location, but it costs anywhere from a total of $272,500 to $1,574,230 to open an Ace Hardware franchise, assuming this is a new location.
How many Ace Hardware stores are there?
There are currently more than 5,000 independently owned Ace Hardware stores operating across the globe (though most are in the United States), making Ace the largest retailer-owned appliance cooperative in the world.
What is Ace Hardware?
Ace Hardware stores sell high quality home improvement products while emphasizing a helpful, personalized shopping experience. As the largest retailer-owned hardware cooperative in the world, Ace’s brand strategy is to enjoy the best of both worlds: harnessing the buying power of its thousands of stores while differentiating from the giant big box chains through convenient, locally owned neighborhood locations staffed by personable, expert associates. Ace franchisees have the opportunity to convert from privately owned hardware stores to shareholders within the company.
Is Ace Hardware a franchise?
Ace Hardware is listed in the Franchise Directory under the Retail category. It's also listed in the section for Franchises Under $300,000 .
Does Ace Hardware have incentives?
Ace offers special incentives for conversions, depending on the size, setup, and product mix of the store in question. A final option is to add an Ace Hardware as an extension to an existing independent grocery business, to take advantage of existing foot traffic.
Is there a royalty fee for Ace Hardware?
There is no royalty fee with an Ace Hardware franchise ; instead, store owners are distributed a percentage of overall profits. An alternative approach is to convert an existing hardware retail store into an Ace Hardware location.
What Does an Ace Hardware Franchise Cost?
To buy a franchise with Ace Hardware, you'll need to have at least $250,000 in liquid capital and a minimum net worth of $400,000. Franchisees can expect to make a total investment of $650,000 - $1,000,000. They also offer financing as well as a discount for veterans (10%). *
How long has Ace Hardware been around?
For more than 96 years, Ace Hardware has been America's neighborhood hardware retailer. Recognized as leader in the booming $358 billion home improvement industry, Ace Hardware is offering a tremendous opportunity for those wanting to build a profitable and lasting business.
Do royalty fees go back to the retail owners?
No royalty fees and a portion of the company profits are distributed back to the retail owners each year
Is Ace Hardware a neighborhood store?
For more than 96 years, Ace Hardware has been America's neighborhood hardware retailer. Ace Hardware is offering a tremendous opportunity for those wanting to build a profitable and lasting business. With financial backing and support from a globally trusted and locally embraced brand, the ultimate success can be yours with Ace. Request information today to learn more!
What is franchising percentage?
The percentage of units transferred to new franchisees and reacquired by franchisor.
What is franchise failure?
Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.
What is a United Hardware membership?
United Hardware Distributing Co. (“United”) is offering membership agreements (the “Membership Agreement”) which entitle retail hardware, home center and lumber dealers to purchase merchandise as Members through United, generally on a cost-plus basis with year-end rebates in the form of cash and Redeemable Rebate Preference Shares in accordance with United’s Bylaws.
What is hardware hank?
Hardware Hank is a franchise concept in the Retail Products and Services industry.
What happens when you convert a hardware store to true value?
When you convert a hardware store to True Value, our dedicated conversion team works with you to make the process seamless. Like retailers who open a new store, you may be eligible for low-interest, retail-growth loans with 10-year payment terms.
What is true value hardware?
True Value is unique among franchises and hardware co-ops—we require no investments or franchise fees that may limit your freedom or profitability. As a hardware wholesaler with a retail consumer brand, we offer you over 85,000 products at wholesale prices, plus optional programs to support your retail operations and sales.
How to become an Ace Hardware franchise owner?
Also you should choose required concept - or open a new store, or convert your store to Ace, or add Ace to your grocery store. Assess market availability. You will want to look at the market availability for Ace Hardware ...
How many Ace distribution centers are there?
Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and United Arab Emirates.
How many Ace stores are there?
After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2016, it has over 4,800 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and United Arab Emirates.
