Ace Hardware Corp.
#7

Initial Investment

LOW: $272,500
HIGH: $1,561,500

Change in Units

+1.9% +91 UNITS (1 Year)
+3.7% +178 UNITS (3 Years)

Company Profile

Founded

1924

Franchising Since

1976 (41 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

$272,500 - $1,561,500

Net-worth Requirement

$400,000

Liquid Cash Requirement

$250,000

Ongoing Fees

Initial Franchise Fee

$5,000 - $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

Veteran Incentives


Franchise fee waived

Units (Locations)

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

Operations & Franchisor Support

Training Onsite: 2 weeks+

Training at headquarters: 1 week+

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

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

Absentee Ownership Allowed

Number of employees required to run: 15 - 25

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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: February 22nd, 2017

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