Ace Hardware (Source: VB)

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What to know about Ace Hardware franchise? Ace Hardware is one of the most popular hardware store franchises in the United States. Ace Hardware is a franchise, which means that each store is owned and operated by an independent franchisee. As a franchisee, you'll be responsible for running your store according to Ace Hardware's guidelines. Its mission is to be "the Helpful Place" for hardware, tools, garden supplies and more. Customers look to their neighborhood Ace Hardware store as a trusted resource for helpful advice, know-how and service. Ace Hardware franchisees benefit from the support of a strong, well-established brand. Franchisees receive ongoing training and marketing support to help them grow their businesses. In addition, Ace Hardware has a cooperative relationship with its franchisees, which helps keep costs low. Ace Hardware is based in Oak Brook, IL. Scroll down to learn more! How much does a Ace Hardware franchise cost? Are you wondering how much is a Ace Hardware franchise? Before starting a Ace Hardware franchise, it is important to know the franchise fee, working capital and other costs required to start the business. The minimum investment amount required to open a Ace Hardware franchise is $292,000 and can go all the way up to $1,624,230. Keep in mind, you should also allocate additional funds to live off of while the Ace Hardware business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Ace Hardware franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Ace Hardware business 2) pass break even 3) hit significant income. After (and if) you pass the point of earning significant income from your Ace Hardware franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.