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2021 Franchise 500 Rank
#23 Ranked #6 last year
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Initial investment
$292K - $2.1M
Units as of 2020
5,385 7.0% over 3 years

Company Overview

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.

About Ace Hardware

Industry
Retail
Founded
1924
Leadership
John Venhuizen, CEO

Franchising Overview

Franchising Since
1976 (45 years)
# of employees at HQ
1,288
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
5,385 (as of 2020)

Franchisor Information

Corporate Address
2222 Kensington Ct.
Oak Brook, IL 60523

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Ace Hardware franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$5,000
Initial Investment
$292,000 - $2,114,230
Net Worth Requirement
$400,000
Cash Requirement
$250,000
Veteran Incentives
Franchise fee (affiliation fee) waived
Term of Agreement
None
Is franchise term renewable?
No

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training
40 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
15
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Ace Hardware landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Ace Hardware ranked on other franchise lists? Find out below.

Ranked #23

Franchise 500 Ranking

Ranked #39

Fastest-Growing Franchises

Ranked #12

Top Global Franchises

Ranked #132

Top Franchises for Veterans

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021