Quick Answer: How Much Do Ace Hardware Franchise Owners Make?

Is owning a hardware store profitable?

Although a good performing hardware store makes an average net profit of 10% on its daily sales, 80% of those who venture into this business close their shop in less than 2 years due to losses and cash-flow problems..

How much does a UPS Store franchise make?

Down Sides to the UPS Store Franchise It has been reported by The Balance, that it takes a UPS Store franchise “$365,000 in annual gross sales” for a franchise owner to yield a “$35,000 a year income.” The same report states that “about 60% of all US stores do not break even.”

Who is the owner of Ace Hardware?

Ace HardwareTypeRetailers’ cooperative, PrivateNumber of locationsOver 5,200 (2019)Area servedInternationalKey peopleJohn Venhuizen (president and CEO); Jim Ackroyd (chairman of the board); Jason Bateman (part-owner)RevenueUS$ 5.125 billion (2016)11 more rows

Is Lowe’s owned by Walmart?

Lowe’s and Walmart are independent companies, and neither owns the other. Lowe’s is owned by Lowe’s Company Inc., and Walmart is owned by Wal-Mart Stores Inc.

How much does a do it best franchise cost?

How much does a Do it Best franchise cost? Do it Best has a franchise fee of up to $4,400, with a total initial investment range of $536,400 to $1,296,400.

How does Ace Hardware make money?

Why Ace Hardware No royalty fees and a portion of the company profits are distributed back to the retail owners each year. Independent ownership with dedicated training & support. Flexible product mix that can be customized to your local market. Recommended core Ace product mix based on 16 years of Point-of-Sale data.

How much does an Ace Hardware owner make?

The manager-owners of Ace Hardware Franchise stores reportedly average $83,553 per year, and some make as much as $95,251.

How much does it cost to open an Ace Hardware franchise?

Ace Hardware Franchise Costs & FeesName of FeeLowHighInitial Franchise Fee – Affiliation Fee$5,000$5,000Capital Stock Subscription$5,000$5,000Initial Brand Assessment (advertising)$6,000$12,000Exterior Signage$5,000$35,00013 more rows

What is the best franchise to open?

And the initial investment amount includes expenses such as royalty fees, real estate, and inventory costs.McDonald’s. Franchise fee: $45,000. … 7-Eleven. Franchise fee: $10,000 to $1,000,000. … Dunkin’ Franchise fee: $40,000 to $90,000. … The UPS Store. Franchise fee: $29,950. … RE/MAX. … Sonic Drive-In. … Great Clips. … Taco Bell.More items…•

Is Ace owned by Lowes?

Ace Hardware is linked to Lowe’s pending purchase of Canadian home improvement company RONA, and the U.S. co-op plans to partner with Lowe’s as the big box expands in Canada. … And just like our agreement with RONA, Lowe’s will now be the big-box retailer—and Ace is a great place for the local, independent entrepreneur.

Is Ace Hardware owned by Lowe’s?

Home Depot has 2,284 stores in North America, Lowe’s has about 2,370, and Ace Hardware has 4,418 stores, most of which are independently owned and operated.

Is Ace Hardware a small business?

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. They are small business owners who are local and loyal…just like it ought to be.