Ace Hardware Corp.
#14

Initial Investment

LOW: $238,500
HIGH: $1,606,500

Change in Units

-1.0% -47 UNITS (1 Year)
+1.8% +87 UNITS (3 Years)

Company Profile

Founded

1924

Franchising Since

1976 (40 Years)

Corporate Address

2200 Kensington Ct. Oak Brook, IL 60523

CEO

John Venhuizen

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.

Financials

Financial Requirements

Initial Investment

$238,500 - $1,606,500

Net-worth Requirement

$400,000

Liquid Cash Requirement

$250,000

Ongoing Fees

Initial Franchise Fee

$5,000

Financing Options

Ace Hardware Corp. has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Franchise 500® Rank History

Highest Rank: 6

Lowest Rank: 37

* Not all years were ranked

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units worldwide.

Operations & Franchisor Support

Training Onsite: Ongoing

Training at headquarters: 2 weeks

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
Regional Media
National Media

Absentee Ownership Allowed

Number of employees required to run: 15 - 25

Related Franchises

Related Articles

1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day

1-800-Flowers Boss Determined to Avoid Breaking Customers' Hearts This Valentine's Day

'Things do go wrong. It's how the company responds to those challenges that really makes a difference.'
Lindsay Friedman
This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park

This B2B Franchisee and Former Baseball Manager Believes He Hit One Out of the Park

Bill Papierniak was a minor league general manager in Richmond, Va. Today, the deals he's inking are with Cartridge World.
Entrepreneur Staff
Burger King Is Starting to Sell Hot Dogs

Burger King Is Starting to Sell Hot Dogs

'It's so obvious,' says the company's head of North American operations. 'I don't know why we didn't do this before.'
Lifelong Health Advocate Finds a Natural Fit With Jamba Juice

Lifelong Health Advocate Finds a Natural Fit With Jamba Juice

Panos Joulios, a career-entrepreneur in the restaurant industry, loves promoting healthy living at his several juice joints across Arizona and California.
Erin Schultz
Why Chipotle Is Closed for Lunch Today

Why Chipotle Is Closed for Lunch Today

Franchisees are supposed to use the time to go over new food safety procedures after multiple E. coli cases.
Lindsay Friedman

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: September 24th, 2015

Reprints & Licensing
Update Your Listing
Submit New Listing

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

87 franchises for under $50,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 75 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012