Ace Hardware Franchise Review

Ace Hardware Corporation "Place useful material" is more of a hardware store. The company was founded in 1942 in Chicago by a group of Chicago-area retailers. During his 80 years career, Ace has grown from a small group of hardware for a network of more than 4,800 locations in 50 countries and more than 70 countries.

Brand Name Ace Hardware is one of the most recognized brands in the U.S. according to research by independent market. In the home improvement industry, "Ace - Location useful material" is a famous slogan.

Ace continues to grow and develop as exceptional customer service to them. Their services are covered by the support of specific companies, the distribution system of the state-of-the-art and a talented team of 80,000 members. So far, Ace Hardware's commitment to help service delivery remained unchanged.

To increase purchasing power and profit, entrepreneurs Richard Hesse, Frank Burke and Oscar Fisher United E.Gunnard Lindquist their Chicago-area hardware stores and Ace Hardware began earlier. In 1931, Ace Stores, Inc. changed its name to Ace Hardware Corp. In 1952, the first "supermarket" to move to Merrillville, Indiana, and proves to be a place for the "content and help you."

Director:

    He was ranked No. 5 in the Franchise Times 200 list for three consecutive years.
    He was ranked No. 6 among the top 500 franchises by Entrepreneur Magazine.
    It was the highest ranking in customer satisfaction among home improvement stores, two years in a row, in 2008, JD Power and Associates.
    These are the trademarks of the most recognized brand in the U.S.
    Appropriate representatives of Ace, they will continue to grow because of the level of service they provide to their loyal customers.

Franchise fee:

To take the opportunity to have a franchise ACE Hardware cooperative, all you need is to invest $ 5000 for an initial application. Then later, you need to have $ 5,000 for the purchase of shares followed by demands $ 250,000 of liquid capital. The total investment is between $ 400,000 - $ 1,100,000 - based on over 12 retail stores 000-square meters.

From the above, depending on store size, Ace will allow the franchisee to borrow between $ 390 000 - $ 740 000. On top of that, "Ace Exclusive Incentive Package" is offered to qualified individuals.

Package exclusive rights of persons who are eligible for the $ 195,000 incentive including:

    Complete the training program
    Full design workshop
    Store set-up service
    Assistance in opening tournament of the Grand
    Inventory of the incentive package discount $ 110,000 Ace helps prepare franchisees to own property and may reduce the total investment for the company with nearly 20%.

In addition to this package of incentives package offered by Ace improved if someone decides to open additional stores.

When looking to start a business is important, especially given the current market, you're looking for specific ways to reduce overhead and minimize or mitigate risks. Each company will have a chance, but it is important to have a complete understanding of the investment, start-up costs and "ROI" (return on investment).

Surprisingley, 80% of all franchise businesses fail within the first two to five years left a huge debt hanging over the years after.