Ace Hardware Franchise Opportunities
HOW MUCH IS ACE HARDWARE CORPORATION FRANCHISE?
For close to 100 years now, Ace Hardware has been rated as the America’s top neighbourhood hardware retailer. They are considered to be a leader in the ever lucrative $300 billion home improvement industry. The company is offering a big opportunity for entrepreneurs that have the desire and passion to build a lasting and profitable business. So how much is an Ace Hardware Corporation franchise?
ABOUT THE COMPANY
It all started as a little chain of stores in Chicago in the year 1924. Now the company has grown inot one of the country’s “useful equipment” merchant.
The origin of the company started when Richard Hesse and 3 other store owners came together to purchase merchandise in bulk quantity to maximise profits and have the capacity to compete with other large stores.
Today Ace Hardware has advanced from a small unit of Chicago-based tool shops, to incorporating more than 5,000 franchise units in about 50 states of the federation and also about 70 different countries from across the world.
DOES ACE HARDWARE SELL FRANCHISE?
For a company with close to a century experience in the area of merchandising hardwares, you might want to know if they sell franchise. Yes Ace Hardware sells franchise and they ahve been doing that since the year 1976. And it will be a great choice if you can look into dealing with the company, considering their vast experience in the industry.
WHY YOU SHOULD BUY INTO ACE HARDWARE FRANCHISE.
A lot of business entrepreneurs have considered buying into the Ace Hardware franchise opportunity and you don’t have to be an exception. These are the tangible reasons why you should consider looking into this franchise.
- As a new franchisee with Ace Hardware, you get a new store incentive of about $330,000. This is quite rare in the franchise business and it is just enough leverage for you to jump-start your business success in the industry.
- Unlike most other franchise opportunities, you wont get to pay any for of franchise royalty fee with Ace Hardware. Not only that, a portion of the profits made by the company annually is re-distributed to the franchisees.
- With the company, you have the opportunity to become an independent store owner with full support and training from the company.
- You will get access to flexible products mixtures that you can customise to suit the local need of your immediate environment.
- The Ace Hardware is globally recognised and as well embraced locally.
- When you decide to buy into the Ace Hardware franchise, you will be buying into a company with a very solid foundation and a fad proof future.
WHAT ARE THE REQUIREMENT TO BECOME AN ACE HARDWARE FRANCHISEE?
In order for you to become approved as an Ace Hardware franchisee, you will need to be:
- A hard working person with much zeal for success and with the passion to see your customers satisfied with every service that you render unto them
- You will need to posses a perfect communication skills and also have the ability to sell effectively
- You must have a previous track record of success in any venture that you have initially embarked upon.
WHAT IS THE COST OF AN ACE HARWARE FRANCHISE?
Buying into an Ace Harware franchise can be so lucrative, but it does have some initial financial expenditures, which will cover the cost of the Ace Hardware franchise. In order for you to be considered to open a franchise unit with the company, you will be required to have a liquid assets up to the tune of $200,000.
The initial investment required to set up your franchise unit will be between $270,000 to about $1,500,00 and a net-worth requirement of about $400,000.
WHAT IS THE ACE HARDWARE INITIAL FRANCHISE FEE?
The initial Ace Hardware initial franchise fee is just $5,000 and one of the reason why the franchise is one of the best to buy into is that you are not expected to make any on-going royalty fee or any other advertisement fee.