Ace Hardware is a hardware store chain with locations throughout the United States and internationally. The company was founded in 1924 by Richard Hesse, E.C.
Stake, and Frank Burke. It is currently owned by Ace Hardware Corporation, which is headquartered in Oak Brook, Illinois.
Ace Hardware is a franchise, meaning that individual stores are owned and operated by franchisees. The Ace Hardware franchise fee is $5,000, and the total investment to open an Ace Hardware store can range from $700,000 to $2 million. Franchisees must also have a minimum net worth of $500,000 and liquid assets of at least $100,000.
Ace Hardware stores offer a wide variety of hardware, tools, and home improvement supplies. They also offer services such as key cutting and pipe threading. Many stores also have garden centers where customers can purchase plants and gardening supplies.
Ace Hardware has been ranked as one of the top franchises in the United States by Entrepreneur magazine. The company was also ranked as one of the top 100 global franchises by Franchise Direct in 2017.
Yes, Ace Hardware is a franchise. The company was founded in 1924 and is currently owned by Ace Hardware Corporation. Franchisees must pay a franchise fee of $5,000 and have a minimum net worth of $500,000 to open an Ace Hardware store.
