Franchise Business Ace Hardware, Global Home Service Opportunity with Massive Profit #StartFranchise
StartFranchise.id - Hardware stores are now needed all around the world as people have been exploring their interest in improving their own house or properties by themselves. This DIY or Do it Yourself trend has created the scene where people want to rely on themselves and not other people in their backyard, garden, any many places that usually need craftsmen to design. These DIY enthusiasts just look up inspiration either from Pinterest or Google or other places and do it by themselves.
But, in order to do so, they need more tools, specifically advanced tools to do so. This creates a huge business opportunity in hardware stores as it is more needed. One way to join in this market is from a business franchise that is already available worldwide in the Ace Hardware brand. With a presence in over 60 countries and more than 5,800 stores worldwide, Ace Hardware provides franchisees with a profitable opportunity to tap into a growing market of home or property renovation while leveraging a brand that is recognized for quality, reliability, and community focus.
What is the Ace Hardware Franchise?
Ace Hardware is a leading global home service franchise which focuses on selling hardwares for home and property improvement. Since its founding in 1924 which later Ace Hardware expanded their business by franchising the brand, Ace Hardware has grown into a trusted home service store with over 5,800 stores in approximately 60 countries. Known for ensuring the best quality products, excellent customer service, and strong community presence, Ace Hardware Franchise offers entrepreneurs a profitable opportunity to enter the growing home improvement market without having to build out their own brand.
The Services in an Ace Hardware Store
Ace Hardware stores are home improvement centers with all of the things needed available in one store. Ace Hardware offers a wide range of products and services to meet the needs of DIY enthusiasts and professional contractors alike and also those who want to make their house more comfortable with hardwares needed to make their property more lively. As a global franchise, Ace Hardware stores all around the world offer key products to ensure that whenever and wherever loyal customers of Ace Hardware need any product for their home, they would always find them.
Some of the key offerings included in every Ace Hardware stores are:
Hardware and Tools: A vast selection of hand tools, power tools, and accessories.
Paint and Supplies: Quality paints, primers, and painting tools.
Lawn and Garden: Plants, fertilizers, and garden equipment.
Home Improvement: Building materials, plumbing, and electrical supplies.
Seasonal Items: Outdoor furniture, grills, and holiday decorations.
Additionally, Ace Hardware is introducing the "Elevate Ace" store format, focusing on showcasing premium brands, especially for outdoors necessity, to enhance the customer service and give more options for them to compare the hardware. This initiative made by Ace Hardware aims to create a shopping environment that engages all the market from every class and strengthens community ties.
Ace Hardware Franchise Cost
Investing in an Ace Hardware franchise requires a significant financial commitment, which may not be suitable for everyone. According to the official Ace Hardware franchising website, the estimated investment to open a new store ranges from $650,000 to $1,500,000, depending on factors such as location, store size, and inventory levels. Franchisees must also meet certain financial criteria before being able to open their own Ace Hardware Store. The criterias including:
Minimum Liquid Capital: $350,000
Minimum Net Worth: $700,000
But, what is unique with Ace Hardware Franchise is that it does not charge ongoing franchise or royalty fees, which is a distinctive feature compared to many other franchise opportunities.
Advantages of Ace Hardware Franchise
As a leading brand in the home services area, owning an Ace Hardware franchise offers several compelling benefits that will make the franchise triumphs over other franchises:
Established Brand Recognition: Franchisee has access to the trusted Ace Hardware name which is known for quality and customer service.
Cooperative Ownership Model: Franchisees have a voice in company decisions and share in profits.
Comprehensive Support: Franchisees will receive training, marketing assistance, and operational guidance from Ace Hardware.
No Royalty Fees: Unlike traditional franchises, Ace Hardware does not charge ongoing royalty fees, allowing franchisees to retain more earnings.
Community Engagement: Franchisees can Participate in local events and initiatives, strengthening ties with the community.
Ace Hardware franchises provide a strong opportunity for entrepreneurs who are interested in having a business around the home service area as Ace Hardware Franchise has proven to be the number 21 top franchise in the world. Its advantage in not having a royalty fee or any franchisee fee alongside with the brand’s strong presence all around the world make Ace Hardware Franchise as the perfect media for those seeking profit in selling power tools.
If you are an aspiring entrepreneur who is looking for an opportunity to open your own Ace Hardware franchise, check out the official Ace Hardware franchising website to see the opportunities in your area. If you want to check out more business opportunities lie ahead in different areas, check out Start Franchise for more information
