Is Ace Hardware a franchise? How much does a Ace Hardware franchise cost? Do you need info on Ace Hardware franchise price and fee to open one?
Are you interested in starting an Ace Hardware Corporation Franchise? If you are thinking of starting an Ace Hardware Corporation franchise store, this article will do well to present you with all the necessary facts, figures, and other relevant data regarding the Ace Hardware Corporation franchise.
This article clearly presents you with brief information about the Ace Hardware Corporation franchise; the start-up cost figures, franchise fee required and other essential available details that you need to be aware of.
About Ace Hardware Corporation Franchise
Ace Hardware Corporation Franchise is an American hardware retail company that was established in 1928, more than nine (9) decades ago. Ace Hardware Corporation franchise has its headquarters located at Oak Brook, Illinois, United States.
The company has been in the home improvement industry for quite a very long time, and are reputed as one of the leaders in the industry. They have their stores in over 70 countries all over the world. Ace Hardware Corporation Franchise has once been ranked at a time by Entrepreneur Magazine as the #6 Best Franchise business opportunities.
At present, there are over 4000 Ace Hardware Corporation stores that are in full operation. Ace Hardware Corporation first started as a tools shop in the Chicago area; today it has grown into several stores all over the world.
The Ace Hardware Corporation franchise is one franchise that is very unique and different from most of the other franchise opportunities out there. They do not charge their franchise owners royalty fees, and other franchise fees that are very commonly charged by most of the other franchise opportunities you will likely find.
Instead, Ace Hardware Corporation franchise provides its franchisees with loads of benefits; the most important of which is the fact that they provide their qualified franchisees financial support for the set up of new stores, as well as other expenses to help them nurture their business to real business growth. They even go as far as sharing a portion of the annual profits with the franchise owners.
More so, they pay as much as 20% of the start-up costs for their qualified franchisees. They even provide their newly qualified franchise owners as much as $110,000 discount for them to be able to stock their newly opened stores.
As a franchise owner, the company allows you to make as much income annually as you can. How much you can make from Ace Hardware Corporation franchise totally depends on a number of key factors such as the location of your new store; the size of the store; your attitude towards your customers; work ethic; your ability to comply with applying the long-lasting proven business formula of the company that has achieved immense success in the past decades; etc.
As a franchise owner, you are required to be a very hardworking individual; also, you must be very enthused about working with them; and you must possess great communication and sales skills; as well as leadership and organizational skills.
How Much does an Ace Hardware Corporation Franchise Cost?
An Ace Hardware Corporation franchise costs $250,000 in liquid capital investment. This is the amount, together with other amounts, that is required of you before you can start up an Ace Hardware Corporation Franchise.
Ace Hardware Corporation Franchise Fee
The initial franchise fee that Ace Hardware Corporation franchise requires from you as a prospective franchisee is a sum of $5,000 only.
Ace Hardware Corporation Franchise Start up Cost
The total start up cost required before you can become one of Ace Hardware Corporation franchisees is an investment sum that ranges from $400,000 – $1,100,000. This range of start-up cost is strictly dependent upon the size of the store you want to open, the furniture, fixtures, other equipment, etc. Also, the net worth required before start-up is a figure that amounts to $400,000.
Ace Hardware Corporation Franchise Training and Supports
The following are some of the training and supports you will enjoy as an Ace Hardware Corporation franchisee:
Financial assistance is available to all qualified franchisees to cover as many start up expenses as possible, but this financial assistance will be available only through reliable third party sources.
Ace Hardware Corporation Franchise Terms of Agreement /Renewal
At present, Ace Hardware Corporation franchise does not have any fixed term for its franchise agreement, hence, no subsequent renewals.
How to Start an Ace Hardware Corporation Franchise?
If you are very interested in starting up an Ace Hardware Corporation Franchise, and owning a store; simply make progress by visiting their website on www.myace.com and contact them or download their ownership brochure from the website. Or you could call 630.990.6900 for more enquiries concerning sign-up.