Franchise FAQ

how much is a menards franchise

by Velma Roob Published 1 year ago Updated 1 year ago
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  • Traditional location centers: $240,959 - $508,472 1
  • Rural location centers: $206,423 - $459,136 2
  • Non-Traditional (all venue types combined): $110,049 - $448,918
  • Smaller store in store “ non-traditional location ” centers: $80,357 - $216,148 +1, 2

Full Answer

Does Menards pay for itself?

Does Menards have an owner operator?

Does Menards have a contract?

About this website

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How profitable is Menards?

In 2016, Menards' revenue amounted to about 9.5 billion U.S. dollars....Revenue of Menards in the United States from 2010 to 2016 (in billion U.S. dollars)YearRevenue in billion U.S. dollars--6 more rows•Jul 27, 2022

Is Menards franchised?

Menards is owned by founder John Menard Jr. through his privately held company, Menard, Inc.

Who owns Menards now?

John Robert Menard Jr.Eau Claire, Wisconsin, U.S. John Robert Menard Jr. (born January 22, 1940) is an American billionaire businessman, and the founder and owner of Menards, a Midwestern chain of home improvement stores. He is a former INDYCAR racing team owner, and the father of former NASCAR Cup Series driver Paul Menard.

How much is Menards company worth?

Menard Inc. had revenue of $13.1 billion in 2021, according to the National Retail Federation's website. Its valuation is based on the average enterprise value-to-sales and enterprise value-to-Ebitda multiples of two publicly traded peer companies: Home Depot and Lowe's.

Who is bigger Menards or Home Depot?

Menards's brand is ranked #- in the list of Global Top 1000 Brands, as rated by customers of Menards. The Home Depot's brand is ranked #86 in the list of Global Top 100 Brands, as rated by customers of The Home Depot. Their current market cap is $301.06B....Menards vs The Home Depot.32%Promoters56%Detractors1 more row

How is Menards doing financially?

Menards revenue is $10.0B annually. After extensive research and analysis, Zippia's data science team found the following key financial metrics. Menards has 45,000 employees, and the revenue per employee ratio is $222,222. Menards peak revenue was $10.0B in 2021.

Do Menards employees get commission?

Menards has been one of my favorite places to be. It was a new experience being in retail, and commission payments are something to strive for to feel accomplished. Very good working environment and would recommend.

What state has the most Menards?

There are 351 Menards stores in the United States as of October 24, 2022. The state with the most number of Menards locations in the US is Illinois, with 62 stores, which is about 18% of all Menards stores in the US.

Where is the largest Menards store?

SOUTH BEND — The new Menards on the south side of South Bend officially opened today. Located at 4640 St. Joseph Street, the mega store features two floors, nine departments and a lumber yard. Store manager Laura Sthreindl could not provide an exact square footage, but said it's "the largest Menards mega store."

Who are Menards competitors?

Menards competitors include The Home Depot, Ace Hardware, Lowe's Home Improvement, Mills Fleet Farm and Walmart. Menards ranks 2nd in Gender Score on Comparably vs its competitors.

What companies are owned by Menards?

Menards® also provides a number of quality in-house, home improvement brands such as Midwest Manufacturing, Masterforce®, DAKOTA™, Mastercraft®, Grip Fast, Tuscany, Tool Shop, and Enchanted Garden™/Enchanted Forest.

Who owns Menards net worth?

Net Worth: John R. Menard, Jr. is an American entrepreneur and billionaire who a net worth of $20 billion. He is the founder and owner of Menards, a major Midwestern home improvement chain....John Menard Net Worth.Net Worth:$20 BillionGender:MaleProfession:EntrepreneurNationality:United States of America1 more row

What companies does Menards own?

Menards® also provides a number of quality in-house, home improvement brands such as Midwest Manufacturing, Masterforce®, DAKOTA™, Mastercraft®, Grip Fast, Tuscany, Tool Shop, and Enchanted Garden™/Enchanted Forest.

Where is the largest Menards store located?

SOUTH BEND — The new Menards on the south side of South Bend officially opened today. Located at 4640 St. Joseph Street, the mega store features two floors, nine departments and a lumber yard. Store manager Laura Sthreindl could not provide an exact square footage, but said it's "the largest Menards mega store."

What state has the most Menards?

There are 351 Menards stores in the United States as of October 24, 2022. The state with the most number of Menards locations in the US is Illinois, with 62 stores, which is about 18% of all Menards stores in the US.

What is Menards stock symbol?

menards,stores,OVBC | Stock Prices | Quote Comparison - Yahoo Finance.

Owner operators @ Menards - TruckersReport.com

Has anyone had experience as an Owner Operator with Menards.I can not find any info on hauling for them on here.The rates they quoted are .85 per mile with .51 fuel surcharge.The advantage was mostly drop and hook and always loaded.

Don't contract with Menards - TruckersReport.com

My understanding is: If one wants to drive a commercial vehicle for hire for one's own freight i.e. direct from the shipper, one needs to get an operating authority and commercial insurances in order not to be in violation.

Menards Owner Operator Driver Salaries in the United States

Menards Owner Operator Driver in the United States makes about $139,603 per year. What do you think? Indeed.com estimated this salary based on data from 11 employees, users and past and present job ads. Tons of great salary information on Indeed.com

Search Results at Menards®

We set our own Everyday Low Prices as well as sale prices, but some manufacturers restrict how retailers display that pricing. In these cases manufacturers require that you take some steps to add the item to your cart or go to checkout to view our final prices when lower than the manufacturer's set minimum advertised pricing.

Menards Employee Reviews for Delivery Driver - Indeed

Reviews from Menards employees about working as a Delivery Driver at Menards. Learn about Menards culture, salaries, benefits, work-life balance, management, job security, and more.

When was Menards founded?

The company was founded in 1960 and incorporated in 1962.

Who is John Menard?

John Menard got involved in Indycar racing in the early 1980's working with his neighbor, driver Herm Johnson. Menard eventually owned cars, primarily focusing on the Indianapolis 500 often using stock block Buick V6 engines. When Buick left the sport, Menard bought the engine tooling from Buick and began producing the engines under the Menard V6 name. Driver Scott Brayton won two consecutive Indy 500 poles for Menard, but was killed in a practice crash before the 1996 500. Tony Stewart got his first Indy 500 starts for Menard, and in 1992 Al Unser Sr. scored the highest Indy 500 finish for the team (3rd) and the highest ever 500 finish for the Buick/Menard V6 engine. Menards has supported several racing drivers, including Paul Menard (John Menard's son) who won his only NASCAR Cup race in the 2011 Brickyard 400 in a Menards sponsored Richard Childress Chevrolet. ; Robby Gordon; P. J. Jones; Brandon Jones; Matt Crafton; Simon Pagenaud, Ryan Blaney and Matt DiBenedetto. Menards began sponsoring Team Penske in 2016. Menards has also become the title sponsor of races in the Xfinity Series and as the entitlement sponsor for the ARCA Racing Series.

What did Dana Nessel say about Menards?

During the COVID-19 pandemic, Michigan's Attorney General Dana Nessel sent Menards a cease and desist letter citing 18 complaints from consumers in regards to price gouging on products such as face masks and bleach. "Big box stores are not immune to the Michigan Consumer Protection Act or the Governor's Executive Order", Nessel said. "Large corporations must also play by the rules, and my office will work diligently to ensure this state's consumers are treated fairly and not abused by businesses seeking to unlawfully jack prices up to line their pockets with profits at the expense of the public during this time of great need." Nessel said that Menards would have 10 days to respond to the letter, or she would potentially take legal action.

How long does Menards have to respond to a letter?

Nessel said that Menards would have 10 days to respond to the letter, or she would potentially take legal action. During the pandemic, Menards instituted a policy that prohibited children under age 16 and non- service animals in stores, to the frustration of single parents who do not have other childcare options.

Who sponsors Penske?

Menards began sponsoring Team Penske in 2016. Menards has also become the title sponsor of races in the Xfinity Series and as the entitlement sponsor for the ARCA Racing Series.

Who played the banjo in the Menards ads?

Radio and TV ads are usually accompanied by banjo music (resembling that of bluegrass music) played by Gary Shaw of Wisconsin. Ray Szmanda was the "Menards Guy" who used the slogan "Save big money at Menards" regularly on television advertisements from 1976 to 1998, and occasionally from 1999 until his death in 2018.

Does Menards sell frozen pizza?

In 2007, the 240,000 sq ft (22,000 m 2) and larger Menards stores began selling groceries. At such locations, shoppers are able to purchase items such as frozen pizza, milk, eggs, common snacks, and a variety of canned items. In addition, these Menards locations carry items such as office supplies, pet supplies, and mattresses.

What is Menards home improvement?

Menards. Menard is the nation's third-largest home improvement chain behind Home Depot and Lowe's. Its stores sell lumber and home improvement products such as hardware, tools and paint. Menard is also involved in residential real estate development, with several large subdivisions under construction and development in Indiana and Illinois.

How much did John Menard pay in 2002?

John Menard paid a $216 million tax bill for 2002. The IRS wants more.

Who makes the rules and billions?

John Menard makes all the rules--and the billions--at his Midwestern hardware empire.

What are the opportunities for Menards?

One is improving operational excellence, which starts with recruiting and training the right kind of people with the right kind of skills. It includes improving their processes, in-store and beyond, and it includes their ability to solve problems and deliver a satisfactory solution to customers.

When did Menards start?

The History of Menards. The year 1962 was a busy one in American retail. That year, entrepreneur Sam Walton opened the first Walmart store in Rogers, Arkansas; 1 in Minneapolis, the first Target retail store opened; 2 and John Menard incorporated Menards as a Wisconsin company. 3. Walmart would grow its discount model astronomically ...

What happened to Menards in 2016?

Lawsuits followed, and by April 2016, the National Labor Relations Board found Menards guilty of violating multiple federal labor laws.18 The violations could impact the company’s relationship with all of its employees, the article says.

Why is Menards so low?

Menards demands low prices from its suppliers to keep its low-price promise to its customers. On top of working with brands to get deals on merchandise, the company also keeps prices low by manufacturing many of its building materials, which include doors, roofing and siding.

How much less is Menards than Home Depot?

However, according to Hardware Retailing estimates, Menards’ sales ring up at about. $6.4 million less per store than Home Depot, and $4.6 million more per store than Lowe’s. Big-box retailers like Target, Walmart and Lowe’s have been rolling out small-format versions of their stores.

What are the legal issues with Menards?

Both Menards the company and its president and CEO John Menard have faced several lawsuits over the years covering a wide range of issues, including environmental violations, wage theft and sexual harassment. These legal issues could potentially be costly both financially and in terms of the retailer’s public image among employees and customers.

What is the bold lettering on Menards race cars?

At the same time, the bold lettering on Menards-sponsored race cars, the iconic “Save Big Money” jingle, and the founder’s reputation are not quiet. Founder John Menard cannot avoid public scrutiny, as he lands on Forbes’ annual list of American billionaires year after year and appears at NASCAR races to watch his race car driver son, Paul.

How often does Menards have sales?

But savvy shoppers will notice patterns. In recent years the sales have happened more often, sometimes as frequently as every two weeks.

What does Menards say about saving money?

10 Things Menards Employees Won’t Tell You. Menards is a family-owned home improvement retail chain with more than 300 locations, primarily in the Midwest. Their slogan, “Save Big Money!” is legendary. And their employees will tell you there are ways to save big money that not everyone knows about.

What happens if you leave a Menards receipt?

When you leave a Menards during an 11 percent rebate sale, you may be approached by someone offering to give you cash for your receipt. The buyers hope to purchase the receipt for a few dollars, then mail it in, capturing the 11 percent rebate for themselves.

What is Menards rebate?

Menards is best known for their 11 percent rebate promotions. During these sales, everything in the store is eligible for an 11 percent mail-in rebate, in the form of a store voucher. This is clearly a huge savings, but the sales are announced with little to no fanfare until the day they begin. Why?

Why does Menards have a strict order?

Because Menards doesn’t want people waiting until the sales period to make purchases. Though Menards employees know when the next sale begins, they’re under strict orders to keep that information classified. But savvy shoppers will notice patterns.

What is Menards' slogan?

Menards is a family-owned home improvement retail chain with more than 300 locations, primarily in the Midwest. Their slogan, “Save Big Money!” is legendary. And their employees will tell you there are ways to save big money that not everyone knows about. Here are 10 examples.

Does Menards have a return policy?

Because so many Menards sales events involve turning in receipts for rebates, they have a strict policy: No returns without a receipt. This makes sense to prevent people from returning an item and still capturing an 11 rebate rebate. But it also means keeping a close eye on your receipts, because the Menards return policy is less customer friendly than Lowe’s or The Home Depot. (There is some leeway to do a straight exchange, especially if an item was clearly defective.)

How old do you have to be to rent a truck?

Renters must be 21 years or older, have an active legitimate driver’s license as well as have proof of insurance coverage. All rentals need to be returned at the end of the business day. Truck brand and also the model will differ by store.

Does Menards have pick up and go?

Perfect for carrying home big purchases made in-store, Menards uses the “Pick-Up & Go” truck and freight van, enabling you to take your acquisitions directly home so you do not have to wait on delivery. However, even if you do not buy at the shop, they will still permit you to rent out the vehicle as no acquisition is needed to schedule one.

Are trucks from Menards any good?

Menards is a big brand, which means that they usually offer professional services and dependable trucks. Most of them are pretty new and they will help you a lot to move big packages. There can be instances where a truck might have some issues, but that’s nothing to worry about. If the truck has an issue that keeps you from using it, just call them and they will make sure to replace it and fix it without any additional charges.

Does Menards pay for itself?

Menards® frequently has a variety of trucks on site for sale. Any one of these trucks will pay for itself in no time. In addition, Menards® has gathered information from current Owner Operators on operating costs that we can share with you. We can also put you in contact with local sources to help get your business up and going.

Does Menards have an owner operator?

Menards® also has Owner Operators who do jobsite deliveries direct to our guests. Jobsite Owner Operators enjoy all the benefits of our regular Owner Operators plus more!

Does Menards have a contract?

Menards® is proud to contract with local Owner Operators across the Midwest. We offer opportunities for those who want to start their own successful business. At Menards®, Owner Operators transport products with our van and flatbed trailers to our stores and Distribution Centers throughout the Midwest. Our local runs are same-day deliveries, which allow our owner operators to make multiple deliveries in the same day and be home every night.

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Overview

Menards is an American home improvement retail company headquartered in Eau Claire, Wisconsin. Menards is owned by founder John Menard Jr. through his privately held company, Menard, Inc.
The company has 335 stores in 15 states: Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, Wes…

Company history

In 1958, John Menard Jr. began building post-frame buildings to finance his college education. By the end of 1959, he found it necessary to hire extra crews, and to purchase more equipment to keep up with demand. After graduating from the University of Wisconsin–Eau Claire in 1962, Menard purchased land in Eau Claire, Wisconsin and built an office and shop. The company was founde…

Groceries

In 2007, the 240,000 sq ft (22,000 m ) and larger Menards stores began selling groceries. At such locations, shoppers are able to purchase items such as frozen pizza, milk, eggs, common snacks, and a variety of canned items. In addition, these Menards locations carry items such as office supplies, pet supplies, and mattresses.

Advertising

Menards publishes weekly print ads and broadcasts TV and radio ads. Radio and TV ads are usually accompanied by banjo music (resembling that of bluegrass music) played by Gary Shaw of Wisconsin. Ray Szmanda was the "Menards Guy" who used the slogan "Save big money at Menards" regularly on television advertisements from 1976 to 1998, and occasionally from 1999 until …

Industry rankings

In 2021, Menards ranked 26th on Forbes’ list of "America's Largest Private Companies", with an estimated revenue of US$11.8 billion. In 2022, Menards ranked 34th on the National Retail Federation's list of "100 Top Retailers".
In 2022, Menards ranked second in a J.D. Power survey in customer satisfaction among home improvement retail stores.

Controversies

According to Milwaukee Magazine in 2007, Menards was cited with more regulatory violations involving air/water pollution and hazardous waste disposal than any other company in Wisconsin. It also alleges that the company is strongly anti-union, to the point that it will not hire anyone who has ever worked in a union shop, even if they did so while in their teen years.
During the COVID-19 pandemic, Michigan's Attorney General Dana Nessel sent Menards a cease a…

External links

• Official website

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