Additionally, Ace is particularly looking for candidates who are passionate about local customers. Also, the applicants must possess leadership and decision-making skills, as they will run the store’s daily operations. A positive factor to keep in mind is that Ace franchisees are not required to pay any royalty or marketing fees to the corporate company. This is a benefit that is not offered by most franchises.
That being said, the minimum net worth required to own an Ace Hardware franchise is $400,000 and the applicant must have liquid assets totaling at least $250,000.