How Much Do Ace Hardware Owners Make Cons of Owning an ACE Hardware Franchise While owning an ACE Hardware franchise can come with several advantages there are also potential downsides or challenges that franchise owners may face including Initial Investment and Ongoing Costs Owning an ACE Hardware franchise requires a significant initial investment including franchise fees
The estimated investment franchise costs to start up an Ace Hardware franchise on leased premises is 292 000 to 1 624 230 Core hardware format stores which represent just over half of Ace Hardware franchises have average annual sales of 2 901 637 Franchisees reportedly make 83 500 to 95 000 per year Ace Hardware does not charge a royalty fee Instead as a retailer owned cooperative store owners receive dividends based on their purchases from the cooperative which effectively replaces traditional royalty fees Marketing Advertising Fee The initial brand assessment for marketing or advertising ranges from 6 000 to 12 000 The fee is
How Much Do Ace Hardware Owners Make
How Much Do Ace Hardware Owners Make
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Since then Ace Hardware has continued to evolve and often ranks high in customer satisfaction At the end of the first quarter of 2020 Ace Hardware had 5 381 locations across 60 countries Entrepreneur s Franchise 500 16 Ace Hardware ranked No 23 on Entrepreneur s 2021 Franchise 500 list Section II Estimated Costs How Much Does It Cost To Open an Ace Hardware In order to open an Ace Hardware store franchisees must meet the minimum financial requirements of 250 000 of unencumbered cash and 400 000 net worth Depending on the size of the store total investment can range from 579 000 to over 1 900 000
To become an Ace Hardware franchise owner franchisees must have 250 000 in liquid capital with a minimum net worth of at least 400 000 New Ace Hardware franchise owners can expect to pay a 5 000 franchise fee for the rights to open their own Ace Hardware franchise location but it costs anywhere from a total of 272 500 to 1 574 230 to Depending on location or startup costs store owners must make an initial investment of between 292 000 and over 2 million To ensure you can finance this type of investment Ace Hardware
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How much does an Ace Hardware franchise cost The franchise cost of Ace Hardware is 292 000 2 119 230 with a franchise fee ranging somewhere between 5 000 and 97 500 Ace Hardware Franchise Price and Costs Ace Hardware Franchise Fee 5 000 Shareholder dividend distributions of 314 million Ace owners have received over 1 7 billion in patronage payments over the last 10 years Ace Retail Holdings had another incredible year After a 53 and 794 increase in revenue and operating income in 2020 our retail business increased another 10 5 to 789 million
Ace Hardware Franchise Cost When investing in an Ace Hardware Franchise the first factor to consider is the financial requirements that accompany this endeavor The total investment amount required to open an Ace Hardware franchise ranges from 286 000 to 2 110 230 including the company s franchise fee of 5 000 What Does an Ace Hardware Franchise Cost To buy a franchise with Ace Hardware you ll need to have at least liquid capital of 250 000 and a minimum net worth of 400 000 Franchisees can expect to make a total investment of 650 000 1 000 000 They also offer financing as well as a discount for veterans 10
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How Much Do Ace Hardware Owners Make - Since then Ace Hardware has continued to evolve and often ranks high in customer satisfaction At the end of the first quarter of 2020 Ace Hardware had 5 381 locations across 60 countries Entrepreneur s Franchise 500 16 Ace Hardware ranked No 23 on Entrepreneur s 2021 Franchise 500 list Section II Estimated Costs