Ace Hardware

Thinking of investing in a Ace Hardware franchise? We think it’s a great opportunity for anyone looking to open a business with an experienced franchisor behind them. Founded in 1924, Ace Hardware specializes in Hardware and home-improvement stores. As a Home Improvement franchise, Ace Hardware has grown to include over 5,385 (as of 2020) units since they began franchising in 1976 (45 years). It costs an estimated $292,000 – $2,114,230 to open a Ace Hardware franchise.

About Ace Hardware

We are your local hardware store and we are a part of your community. Ace Hardware has over 5,000 stores around the world with the majority of those stores independently owned and operated by local entrepreneurs. These hard working men and women are part of the fabric of your community. They are small business owners who are local and loyal, just like it ought to be. While others have become large and impersonal, at Ace, we’ve remained small and very personal. That’s why we say a visit to Ace, is like a visit to your neighbor.

Ace stores come in all sizes and shapes based on the needs of each individual neighborhood. We have small, urban stores, large rural stores and everything in between. Ace stores offer a wide variety of paint, lawn and garden, tools, local niche services and virtually anything you’ll ever need to fix, repair and maintain your home. And of course, Ace is most certainly the place with the helpful hardware folks!

Founded in 1924 by a small group of Chicago hardware store owners, Ace changed the retail landscape by allowing individual stores to purchase merchandise in bulk to save money and buy at the lowest possible price. This partnership enabled even the smaller stores to compete effectively at retail despite larger stores in their market. And to this very day, Ace Hardware Corporation is still owned solely and exclusively by the local Ace retail entrepreneurs. For the latest in company news, visit the Ace Newsroom via the link below.

Company Founded

1924

Current Leadership

John Venhuizen, CEO

Started Franchising

1976 (45 years)

Total Number of Units

5,385 (as of 2020)

Part-Time / Full-Time

Full Time

How Much Does It Cost To Open A Ace Hardware Franchise?

There are several costs associated with opening a Ace Hardware franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.

Some franchises may have a weekly fee that the franchisee pays for operating a Ace Hardware franchise. The weekly fee for opening a Ace Hardware franchise is Core Retail Services Charged Monthly.

The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Ace Hardware Is Not Renewable) and does the franchise offer financing support (Ace Hardware Ace Hardware has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).

Ace Hardware Company Details

Here are some additional details about Ace Hardware.

Initial Investment	$5,000
Net Worth Requirement	$400,000
Veteran Incentives	Franchise fee (affiliation fee) waived
Cash Requirement	$250,000
Term of Agreement	None
Absentee Ownership	No
Run from Home	No
Part Time	No

Training and Support Offered By Ace Hardware

Ace Hardware offers several support options to its franchisees. With 5,385 (as of 2020) units, Ace Hardware aims to provide support to each franchise owner to help them operate a successful franchise location. Ace Hardware offers No on the job training, 40 hours classroom training, and No additional training.

Training and Support Offered

Here are the support options offered by Ace Hardware.

On-The-Job Training	No
Classroom Training	40 hours
Additional Training	No
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

Is Ace Hardware Right For You?

Ace Hardware has gone digital! Here are all of the ways you can find Ace Hardware online. Oftentimes, you can reach out to current franchisees of Ace Hardware online. Current franchisees may be able to offer personalized insights into what it is like owning a Ace Hardware franchise and offer tips to running a successful Ace Hardware franchise location.

Social

Why Should You Start a Ace Hardware Franchise?

Investing in a Retail franchise such as Ace Hardware can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Ace Hardware franchise and we'll be in touch soon!

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