THE HELPFUL PLACE
Initial fee: | $5,000 |
Royalty fee: | NO |
Total investment: | $750,000 - $1,000,000 |
Term of agreement: | no fixed term |
Branch: | Hardware & home-improvement store |
The story of Ace Hardware started in 1924 when a few hardware store owners joined together to buy more inventory on a discount. The same business principle of buying at the lowest possible cost is used today. Store owners advantage from the company’s strong buying power and vendor relationships. Ace has the lowest pricing on the market and sales 25% higher than the average which directly impacts owners’ profitability.
Ace Hardware offers do-it-yourself tools for handymen like precision tools, measuring tools, drills, cutting tools, and hammers, to name a few. It is the largest home improvement franchise company in the world. Ace also provides the tools for creating and maintaining a strong business since 1976. There are 4,700 Ace stores worldwide that are run and owned by franchisees who trust the company’s proven business model.
Entrepreneurs who want to join Ace can choose between opening a new store, buying an existing one and converting a business. They have the flexibility to choose the model of operation that best fits them and to customize their shelves based on their customers’ preferences.
Ace has a global distribution network of 14 retail distribution centers in the USA and three international ones. This allows for low-cost storage and timely access to goods.
Apart from profiting from the supersaver corporate benefits, Ace franchisees pay no royalty fees. Thy can also apply for an incentive package of up to $225,000 for opening expenses.
The company provides several training programs and ongoing support for pre-opening procedures as well as day-to-day business operating decisions.
The strong Ace brand combined with cost-efficient business model and no royalty payments makes Ace one of the best choices for entrepreneurs who want to start a profitable business with minimal expenses.
Ace Hardware is the #1 brand in convenience hardware. Store owners in more than 60 countries point Ace as the company with the best franchise business model. The company does not collect royalty fees and provides cost-efficient methods for operation which increase franchisees’ profitability.