Ace Hardware Corp.

2015 Franchise 500
At a Glance

Products & Services: Hardware and home-improvement store

Number of Locations: 4,887

Total Investment: $750K - $1.3M

Founded: 1924

Began Franchising: 1976

About Ace Hardware Corp.

Ace Hardware's history begins in 1924, when four hardware store owners, Richard Hesse, E. Gunnard Lindquist, Franke Burke and Oscar Fisher, joined together to buy merchandise in bulk in order to maximize their profits and compete effectively with larger stores. Today the cooperative has grown to include thousands of stores in seven countries, each offering a variety of home improvement merchandise, including Ace's own exclusive line of products.

Franchise Units

Year U.S. Canadian International Company Owned
2014 4,148 0 654 85
2013 4,040 0 628 85
2012 4,019 0 605 85
2011 4,093 0 347 0
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $750,000 - $1,250,000
Franchise Fee: $5,000
Term of Franchise Agreement: Term of agreement not renewable
Financial Requirements
Net Worth: $400,000
Liquid Cash Available: $250,000
22% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 15 - 25. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators).
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Accounts Receivable

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: Ongoing.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #29 (2015), #32 (2014), #37 (2013), #29 (2012), #31 (2011),
Fastest-Growing: #22 (2015), #52 (2011),
America's Top Global: #11 (2014), #33 (2013), #26 (2012), #29 (2011),

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