There are 4,268 Ace Hardware locations in the United States as of February 21, 2022. The state with the most number of Ace Hardware locations in the US is California, with 366 locations, which is 8% of all Ace Hardware locations in America. Due to COVID-19, some of the locations may be temporarily closed.
How many ace hardwares are there?
There are a total of 4,119 Ace Hardware locations in United States as of November 30, 2020. The state with the most number of Ace Hardware locations in the US is California with 358 locations, which is 8% of all Ace Hardware locations in America.
My answer was the state with the most number of Ace Hardware locations in the US is California, with 366 locations, which is 8% of all Ace Hardware locations in America. Due to COVID-19, some of the locations may be temporarily closed.
How many locations does Ace Hardware have in the US?
Based on 2020 FDD data, ACE Hardware has franchise locations in 48 states plus DC. The largest region is the South with 1252 franchise locations. This franchise is expanding into new markets and might be available near you. One of our franchise experts will have detailed knowledge about this brand.
Ace Stores was incorporated in 1928, and the company opened its first warehouse a year later. In 1931, the name was changed to Ace Hardware Corporation. By the end of the 1940s, Ace had wholesale sales of more than $7 million from the 133 stores it supplied.
Currently, Ace Hardware has more than 100 branches all over the country. ACE Hardware is an affiliate of the SM Group of Companies. Ace Hardware Malaysia currently has 22 branches nationwide as of January 1, 2022.
What does Ace Hardware mean?
Ace Hardware Corporation is an American hardware retailers’ cooperative based in Oak Brook, Illinois, United States. It is the world’s largest hardware retail cooperative, and the largest non-grocery American retail cooperative. Founded in 1924 as “Ace Stores”, the company changed its name to ” Ace Hardware Corporation ” in 1931.
Ace Hardware is a unique franchise opportunity because the company is a retailer-owned cooperative, meaning Ace franchisees are the owners of the corporation . Being part owners, franchisees pay no royalty fees and a portion of the profits get distributed back to them each year.
Ace Hardware has over 5,000 stores around the world with the majority of those stores independently owned and operated by local entrepreneurs . These hard working men and women are part of the fabric of your community .
How much did Ace Hardware make in the 1940s?
By the end of the 1940s, Ace had wholesale sales of more than $7 million from the 133 stores it supplied. By its 35th anniversary in 1959, the company had more than tripled this figure, with wholesale sales of $24.5 million from 325 stores.
Today the Ace Hardware family of stores generates nearly $16 billion in sales (versus approximately $100 billion in revenue for Home Depot).
Moreover, how much does it cost to open Ace Hardware franchise?
New owners can expect to pay a $5,000 franchise fee for the rights to open their own location, but it costs anywhere from a total of $272,500 to $1,574,230 to open an Ace Hardware franchise, assuming this is a new location.
What is Ace Stores?
We have small, urban stores, large rural stores and everything in between. Ace stores offer a wide variety of paint, lawn and garden, tools, local niche services and virtually anything you’ll ever need to fix, repair and maintain your home. And of course, Ace is most certainly the place with the HELPFUL HARDWARE FOLKS TM .
Is Ace a franchisee owned?
In the United States Ace operates as a retailer-owned cooperative . If the franchisee’s application for membership is approved, the franchisor will grant franchisees membership in the cooperative under the terms of the membership agreement and upon their purchase of shares of the franchisor’s stock.