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General

Industry

Retail Products and Services

Category

Construction

Works with Franchise Brokers

Yes

Year of Founding

1972

Fees

Marketing Fee

NA

Royalty Fee

NA

Franchise Fee

$5,000-$5,000

Investment Range

$292K-$1.62M

Location units

Total U.S. Locations

4751

U.S. Franchised Units

4540

U.S. Corporate Units

211

Headquarters (City)

Oak Brook

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1976

Issuance of FDD Data

03/28/2022

Key Indicators

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Franchise Payback Period (Years)

Owner Salary / Compensation

Average Unit Volume (AUV)

Franchise Cost

$292K-$1.62M

Franchise Fee

$5,000-$5,000

What to know about Ace Hardware franchise?

Ace Hardware is one of the most popular hardware store franchises in the United States. Ace Hardware is a franchise, which means that each store is owned and operated by an independent franchisee. As a franchisee, you'll be responsible for running your store according to Ace Hardware's guidelines. Its mission is to be "the Helpful Place" for hardware, tools, garden supplies and more. Customers look to their neighborhood Ace Hardware store as a trusted resource for helpful advice, know-how and service. Ace Hardware franchisees benefit from the support of a strong, well-established brand. Franchisees receive ongoing training and marketing support to help them grow their businesses. In addition, Ace Hardware has a cooperative relationship with its franchisees, which helps keep costs low. Ace Hardware is based in Oak Brook, IL. Scroll down to learn more!

How much does a Ace Hardware franchise cost?

Are you wondering how much is a Ace Hardware franchise? Before starting a Ace Hardware franchise, it is important to know the franchise fee, working capital and other costs required to start the business. The minimum investment amount required to open a Ace Hardware franchise is $292,000 and can go all the way up to $1,624,230. Keep in mind, you should also allocate additional funds to live off of while the Ace Hardware business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Ace Hardware franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Ace Hardware business 2) pass break even 3) hit significant income. After (and if) you pass the point of earning significant income from your Ace Hardware franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

Industry Report Request

Download our guide to compare Ace Hardware. Hotels to the Construction, Outdoor Retail Products and Services industry.

Franchise Data

Year Start of Year Units Opened Units Closed End of Year
2019 4353 157 88 4370
2020 4370 162 77 4441
2021 4441 179 77 4540

Additional Details

How much does a Ace Hardware franchise owner make?

Ace Hardware franchise earnings and revenue can vary significantly from one franchisee to another. The Ace Hardware franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors. Ace Hardware discloses financials at the unit level. In other words, they show how much Ace Hardware franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not. At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Ace Hardware franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Ace Hardware. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Ace Hardware owners were making. Visit the Ace Hardware metrics tab to explore the financials for this business.

What is the Ace Hardware franchise fee?

Owning a Ace Hardware franchise requires a variable royalty fee and a variable marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Ace Hardware Franchise Disclosure Document Keep in mind, there is also an initial Ace Hardware franchise fee of $5,000 that is included in the initial investment amount of $292,000 to $1,624,230. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Ace Hardware franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Ace Hardware franchise fee of $5,000. Visit the Ace Hardware metrics tab to explore the financials for this business, royalty and marketing fees compare to other Retail Products and Services franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Ace Hardware founded?

Ace Hardware started offering franchises in 1976. Ace Hardware was founded 50 years ago in 1972. At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Ace Hardware locations are in the U.S.?

As of 2022, there were 4540 locations across the U.S. There are also 211 corporate locations. Most Retail Products and Services franchises like Ace Hardware have more franchised locations than corporate locations.

How many Ace Hardware franchises opened over the past few years?

Over the prior 3 years we have data for, Ace Hardware has opened 498 outlets throughout the U.S. Visit the Ace Hardware metrics tab to explore how the openings compare to other Retail Products and Services franchises.

How many Ace Hardware franchises closed over the past few years?

Over the prior 3 years we have data for, Ace Hardware has closed 242 outlets throughout the U.S Visit the Ace Hardware metrics tab to explore how the openings compare to other Retail Products and Services franchises.

Is Ace Hardware growing? Are they opening more locations than they are closing?

The net unit growth rate for Ace Hardware over the past 3 years is 4%. Over the last year we have data for, Ace Hardware had a net unit growth rate of 2%. Without a comparison, this number doesn’t mean much. Compare how the Ace Hardware growth rate compares to 2,000+ other franchises and Industry franchises like Ace Hardware. More info in the Ace Hardware metrics tab.

Is Ace Hardware franchise eligible for an SBA Loan?

Ace Hardware is not eligible for SBA loans including the 7(a) loan last time we checked. Ace Hardware franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Ace Hardware that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria. To find out more about the SBA loan program for franchising click here.

Is Ace Hardware a franchise in the United States?

According to the SBA, Ace Hardware meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that Ace Hardware provides you with an FDD if you are in discussion to buy a Ace Hardware.

What is the Ace Hardware Franchise for Sale Rate?

The Ace Hardware systemwide health and franchisee satisfaction can be measured by the Ace Hardwarefranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor. Ace Hardware franchise for sale rate over the past 3 years is 6%. Over the last year we have data for, Ace Hardware had a franchise for sale rate of 2%. Without a comparison, this number doesn’t mean much. Compare how the Ace Hardware franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Ace Hardware. More info in the Ace Hardware metrics tab.

What is the Ace Hardware Franchise Failure Rate?

Ace Hardware franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise! Ace Hardware failure rate over the past 3 years is 5%. Over the last year we have data for, Ace Hardware had a franchise failure rate of 2%. Without a comparison, this number doesn’t mean much. Compare how the Ace Hardware franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Ace Hardware. More info in the Ace Hardware metrics tab.

How can I find out more details on Ace Hardware franchise?

Visit the Ace Hardware metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

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Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Ace Hardware

$958,115

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Ace Hardware

NA

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Ace Hardware

$5,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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General

Industry

Retail Products and Services

Category

Construction

Works with Franchise Brokers

Yes

Year of Founding

1972

Fees

Marketing Fee

NA

Royalty Fee

NA

Franchise Fee

$5,000-$5,000

Investment Range

$292K-$1.62M

Location units

Total U.S. Locations

4751

U.S. Franchised Units

4540

U.S. Corporate Units

211

Headquarters (City)

Oak Brook

Other

Item 19 - Franchise Financials

Yes

E-2 Visa Eligibility

No

Started Offering Franchises

1976

Issuance of FDD Data

03/28/2022
Detailed Franchise metrics for Ace Hardware Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Ace Hardware below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Growth Rate

The percentage change of total franchise units from one year to the next by franchisor.

 

1 year

3 years

Ace Hardware

2%

4%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Ace Hardware

N/A

6%

Industry median

All franchises median

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Net Unit Growth (most recent year)

Net Unit Growth (3 years)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Ace Hardware

N/A

5%

Industry median

All franchises median

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Business details

Website

http://www.acehardware.com/

Business email

M****@AceHardware.com

Mailing address

2200 Kensington Court

State headquarters

Illinois

Contact Name

Ace Hardware

Phone

+1 (000) 0********00

City

Oak Brook

Zip code

60523-2100
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