- The initial total investment ranges from $650,000 to $1 million
- Incentives for part of the start-up costs are available from the company
- Prospective owners will need a minimum of $250,000 cash on hand to get started
- A non-refundable application fee of $5,000 must be paid for consideration
Known for their helpful service and quality products, Ace Hardware is perhaps one of the most well known names in the retail home improvement industry, operating over 4,400 locations across the United States and abroad. Their stores are independently owned and operated, allowing entrepreneurs with the passion to own to join the Ace Hardware family. If you are interested in operating your own hardware store, use this guide to learn how to open an Ace Hardware franchise of your own.
Selling a variety of home improvement products like paint, tools, plumbing, heating, cooling, electrical and lawn and garden supplies, Ace Hardware has been a household name for over 80 years. They use the leverage of their size to order merchandise at lesser prices, passing the savings on to their customers. This business practice has allowed them to stay competitive with larger home improvement chains like Home Depot and Lowes, while still providing the neighborhood-style service.http://www.acehardware.com/corp/index.jsp?page=about
As a 5.7% growth is expected in the home improvement industry, Ace Hardware is always looking to expand to meet these increasing needs and accepts new applications from prospective franchise owners on a regular basis.http://www.myace.com/ Before you contact the company to start an Ace Hardware of your own, you’ll want to research the opportunity well. This can be done by learning about the company history, finding out if you meet the requirements for franchise owners and learning the process for funding and starting an Ace Hardware franchise.