Ace Hardware
Cherry Franchise Broker
Total investment:
$ 31,557
Franchise fee:
$ 5,000
Royalty fee:
Marketing fee:
$ 0
Number of franchises
Return
Time period
Revenue:
$ 12 000*
* Calculator calculations are provisional, not guaranteed
MAIN INFORMATION
Year founded: 1924
Franchise since: 1976
Company owned units:
Franchise owned units: 4946
Total number of units:
Number of employees per unit: 15-25
Contract period: 60 month
FRANCHISE ONLINE
WEBSITEFounded in 1924 as “Ace Stores”, the company changed its name to “Ace Hardware Corporation” in 1931. It grew dramatically following World War II, more than tripling its sales between the late 1940s and 1959. After the retirement of longtime president and founder Richard Hesse in 1973, Ace was sold to its retailers, becoming a retailer-owned cooperative. It first reached $1 billion in wholesale sales in 1985 and $5 billion in 2015. As of 2016, it has over 4,800 locations in 60 countries. Ace operates 17 distribution centers in the United States, and additional distribution facilities in China, Panama, and United Arab Emirates.
On-The-Job Training: 40 hours
Classroom Training: 40 hours
Absentee Ownership Allowed
Net-worth Requirement: $400,000
Liquid Cash Requirement: $250,000
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