Ace Hardware Offers A Unique Franchising Opportunity With A Twist
Ace Hardware is one of the most recognized names in business. It’s also one of the top brands in franchising and offers investors a unique proven business model. As the largest retailer-owned hardware cooperative in the world, Ace Hardware has more than 5,600 locally-owned and operated hardware stores spanning 70 countries.
Franchise investors buy into a proven concept that continues to see robust growth year-over-year with increased Ace Rewards (loyalty program) members, increased revenue, and a growing network of Ace Hardware franchisees around the world. But one thing that truly sets Ace Hardware apart from other franchise brands - there are no ongoing franchise fees or royalties.
“Ace Hardware is a cooperative. When you join the Ace family and open your own Ace Hardware store, you not only own your store, but you also own part of the company” said Jason Hipskind, corporate vice president of new business for Ace. “As an owner of the company, you do not pay ongoing franchise fees, plus you also benefit from the profitability of the company through a year-end rebate.”
The brand has long been known for offering its loyal customers a convenient hardware store experience in a small and personal setting. In fact, Ace Hardware beats out other retailers like The Home Depot and Lowe’s when it comes to the number of convenient locations, its trained and knowledgeable staff, and quick checkouts. This is driven by their vision to be the best, most helpful hardware stores on the planet.
Ace Hardware trades on the principles of service, convenience, and quality. Customers can expect to find engaged owners and knowledgeable associates ready to help them. The brand’s neighborhood store approach means one can be found right around the corner for a quick in-and-out shopping experience. Store shelves are stocked with best brands like Benjamin Moore, Big Green Egg, Traeger, Milwaukee, Craftsman, and Stihl.
“There is a reason over 92% of consumers recognize Ace Hardware as their local hardware store,” shared Jason Hipskind. “This is due to the over $120 million annual marketing investment that Ace Hardware makes on behalf of our retailers. Each retailer has access to the Ace world-class brand and the powerful annual marketing program through their 2% brand assessment, which this annual brand investment is capped at $13,700. Small investment which reaps huge rewards in brand awareness and driving consumer demand.”
The initial investment for an Ace Hardware store is between $650,000 - $1,000,000 (depending on store size) and the minimum financial requirements are $250,000 liquid and a net worth of $400,000.
From the beginning, brand representatives can assist new franchisees with site selection, building, and leasing. Once on board, franchisees receive extensive training through Ace’s exclusive Base Camp onboarding program. The program includes 16-18 weeks of comprehensive, hands on, world-class training prior to soft open, e-learnings, virtual coaching sessions, along with all the operating systems and tools needed. The brand has robust ongoing operational support that is available to all franchisees in the system.
If you already operate your own hardware store, Ace Hardware offers a finely-tuned conversion plan so you can turn your store into an Ace Hardware and benefit from the industry’s strongest business model.
Qualified US military veterans interested in becoming Ace Hardware franchisees receive the extra bonus of waiving the $5,000 application fee.
Ace Hardware has a record for success, awards, and recognition. The brand has been recognized in Entrepreneur’s Franchise 500, Franchise Times Top 400, JD Power, and Franchise Direct’s Top 100 Global Franchises.
Founded in 1924, the Oak Brook, Illinois-based Ace Hardware has become a part of local communities around the world and known as ‘the place with the helpful hardware folks.’ It’s also a place where entrepreneurs can invest in a bright future with a proven concept and a chance to achieve their own dreams. For more information on franchising with Ace Hardware, visit my myace.com.
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