Ace Hardware is one of the most trusted brands in the home improvement industry. The company has been in business for over 90 years and has a strong reputation for quality products and excellent customer service.
If you’re interested in starting an Ace Hardware franchise, you’ll need to have a significant amount of capital available. The total investment for an Ace Hardware franchise ranges from $2.5 million to $5 million.
Of the total investment, $1 million will need to be paid to the franchisor as an initial franchise fee.
The remaining funds will be used to purchase inventory, build out the store, and cover other start-up costs.
Once your store is up and running, you can expect to generate annual sales of $5 million to $10 million. Ace Hardware stores typically generate a 20% net profit margin.
The total investment for an Ace Hardware franchise ranges from $2.5 million to $5 million, with an initial franchise fee of $1 million.
Additional costs include inventory, store build-out, and other start-up expenses.
Ace Hardware stores typically generate annual sales of $5-$10 million with a 20% net profit margin.
