Ace Hardware Franchise Cost: How to Open, Requirements, Profit Share, Contact Number

This blog is very useful for all those people who are running a Normal Hardware Shop for earning. Now you have a Golden Opportunity to convert your hardware shop into a branded hardware shop. So here we are talking about the “Ace Hardware Franchise Business model”. Ace Hardware is a very well-known brand in the field of the retail hardware industry. This time, Ace Hardware is quite famous for leading organizations because this company now offers franchise opportunities to aspiring entrepreneurs.

Let’s fix your business insecurities by investing in the Ace Hardware Franchise Opportunity. We know you are excited to start your own Franchise hardware shop in a good location. But make sure, you have complete information about the Ace Hardware Franchise like Investment Costs, profit margin, how to open, and contact details. Don’t worry, all the details are now available on this post below.

Ace Hardware Franchise Cost 2024

All investors must analyze the company’s background before investing in any franchise model. Similarly, you must also obtain basic information about the Ace Hardware Franchise. So the Ace Hardware organization was founded in 1924 by the Chicago‚Äôs Richard Hesse, E. Gunnard Lindquist, Frank Burke, and Oscar Fisher. After that, Ace Hardware Company grew quickly and earned a reputable name. The idea of Ace turning into a cooperative of stores developed into a feasible prospect. Ace Hardware shops were first put up for sale in 1976 to business people who wanted to put money into a viable venture.

Ace Hardware is the biggest retailer-owned appliance cooperative in the world, with over 5,000 separately owned locations operating worldwide (with the majority being in the US). Now, Ace Hardware provides franchise opportunities for all entrepreneurs looking to invest in an honorable home improvement brand. If you are ready to invest money in the Ace Hardware Franchise business model so check out the correct information about the Ace Hardware Franchise Cost with the profit share.

Ace Hardware Franchise Cost: How to Open, Requirements, Profit Share, Contact Number

Overview of Ace Hardware Franchise Business Opportunity

Post Topic Ace Hardware Franchise Cost & Profit
Industry Ace Hardware
Business Line Hardware Franchise
Founded by Richard Hesse, E. Gunnard Lindquist, Frank Burke, and Oscar Fisher
Founded Year 1924
Franchised Units 45000
States Registered In All States
Official Website https://www.myace.com/
Category Franchise Inquiry

Ace Hardware Franchise Investment Cost & Requirements

To open any Franchise business model you must have enough investment for the model. Similarly, to open the Ace Hardware Franchise business you have to initial investment according to the below-mentioned table:-

Requirements Cost (In US Doller) Cost (In INR)
Initial Investment Cost $280,500 to $1,574,230 1.5 to 2 Crore
Franchisees need $250,000 (Liquid Capital) Approx 1 CR
Franchise fees $5,500 Rs 4.5 Lakhs

Profit Share in Ace Hardware Franchise Model

If you have made up your mind to invest the money in the Ace Hardware Franchise model is a good option for you. Because you can earn good profit in this business. You can check out the Profit share percentage as per your investment cost:-

On Retail Sales 12%
Gross margins 15%
Gross profits 25%

How to open an Ace Hardware Franchise in 2024?

In this section, we have provided the important aspects that will help you to open the Ace Hardware Franchise very easily. Let’s read the given mentioned points carefully:-

  1. To open the Ace Hardware Franchise, make sure you have saved an investment cost of more than $302,000.
  2. The cost of the building and real estate, the equipment and signage, the licenses and permissions, the uniforms, the insurance, and so on will all need to be taken into account.
  3. Before applying to become an Ace Hardware franchise owner, you should carefully analyze your previous business experience.
  4. Additionally, you have to decide on the necessary concept: add Ace to your grocery shop, convert your existing business to Ace, or establish a new one.
  5. After that, you have to select a very good location where you can open the Ace Hardware franchises.
  6. Your application will be reviewed by the Ace Hardware franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
  7. Franchise permission will be granted to you when your background and financial investigations are finished. Only applicants who fully satisfy the standards of franchise owners will be approved.

Ace Hardware Franchise – Contact Number

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