What hardware stores are franchises?

Our list of hardware store franchises helps you get in touch with franchisors. After that, it’s just a matter of hammering out the details….Active Hardware Store Franchises

• ACE Hardware.
• Do It Best Hardware.
• Hardware Hank.
• True Value Hardware.

How much does it cost to open a hardware store?

A small hardware store can be started for less than $100,000. Costs include rent for the building, start-up inventory, display setup, and cash reserve for staffing and labor costs. You’ll also want insurance. Start-up inventory will likely run between $50,000 and $75,000.

How much do Ace Hardware franchise owners make?

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

How do I run a successful hardware store?

How to start a hardware store in 5 steps

1. Decide between opening your own hardware store or starting a franchise.
2. Write a business plan.
3. Invest in supplies and excellent customer service.
4. Obtain the necessary permits, insurance and a business bank account.
5. Adapt your inventory, marketing and staffing.

Is Harbor Freight a franchise?

Harbor Freight’s Real Estate Department is currently considering hundreds of new locations across the U.S. All of our stores are company-owned. We do not offer franchises.

Is hardware a good business?

Profitability from the hardware is considerably higher than that of construction materials. The reason being is that construction materials are canvassed by customers all the time to find the most affordable one possible. This sets up a potential for competition between businesses that offer cheaper products.

How much does a Do It Best Hardware 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 many Ace Hardware franchises are in the US?

Estimated Number of Units: 5,465 Franchise Description: The franchisor, Ace Hardware Corporation, is a wholesaler of hardware products, paint and other merchandise. The franchise offered is for the operation of a retail hardware store under the name “Ace Hardware.” In the United States Ace operates as a retailer-owned cooperative.

How much does it cost to open a computer repair franchise?

Estimated annual cost of required coverage: $2,500 – $30,000. Store’s first calendar year: $6,000 flat fee per store. Subsequent years: 2% of prior year purchases subject to minimum and maximum assessments. Franchisees will also incur charges for ongoing computer hardware and software maintenance services.

How much money does Ace Hardware make a year?

Today the Ace Hardware family of stores generates nearly $16 billion in sales (versus approximately $100 billion in revenue for Home Depot). Ace Hardware Franchise Cost / Initial Investment / Ace Hardware Franchise Income

How does a franchisee join a franchise 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. This membership entitles the franchisee to purchase merchandise and services from the franchisor.