Ace Hardware
Yes, we actively support the inclusion and development of minority-owned franchises in the Ace Hardware system.
Ace Hardware
2200 Kensington Ct.
Oak Brook, IL 60523
800#:
Tel: (630) 990-5373
Fax: (630) 368-3394
E-mail: gmcgow@acehardware.com
Web Site: www.myace.com
Contact: Mr. Jerry McGowan, Corp. Manager New Business
ACE HARDWARE is a Fortune 500 company of over 5,100 retailers selling hardware and related home improvement products. ACE is now offering franchise opportunities in selected markets nationwide. Come grow in this new endeavor with the backing of a company possessing 75 years of success, along with outstanding purchasing power, brand recognition and retail practices.
Franchisor Background
Established: 1924
First Franchise: 1999
Franchise Units: 4800
Company-Owned Units: 6
Total Units: 4806
Distribution:
> North America -- Operations in 50 States
> States/Provinces with Greatest Density: NR
Units Owned by Minorities:
>African-American: Low
>Hispanic: Low
>Asian-American: Low
>Native American: Low
>Other:
Average Number of Employees: 3 FT, 10-12 PT (FT = Full Time, PT = Part Time)
Space Needs: 4,000-20,000 SF; FS, SC
(for abbreviations click here)
Financial Requirements
Cash Investment: $150-250K
Total Investment: $650K-1.0 MM
Average Total Investment: $1000K
Minimum Net Worth: $300K
Fees
>Franchise: $0
>Average Franchise Fee: $0K
>Royalty: 0%
>Advertising: 1.3%/$6.5K
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 20/5
Passive Ownership: Not Allowed
Area Development Agreements:No
Sub-Franchising Contracts: No
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Not Yet
Size Of Corporate Staff: 5,000
On-Going Support: A,B,C,D,e,F,G (for an explanation click here)
Training: 6 Weeks Oak Brook, IL.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: Selected Markets in US.
Note: NR = No Response by Franchisor.
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