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  • Updated

Ace Hardware grew system sales by $3.58 billion in 2020 from the year before, a notable increase in any year but especially during the COVID-19 pandemic. Ace ranks No. 1 in largest sales growth by dollars on the newly released Franchise Times Top 400 list. See all of the top 10 franchises here.

  • Updated

A cold call to Andy Bell, founder of Handyman Matters, from Ace Hardware's CFO Bill Guzik proved fruitful. “I started, frankly, making phone calls and reaching out to different franchise systems around the country, ones that would fit a certain profile,” said Guzik. He was seeking systems “that would be able to use what we sell in our stores,” and a franchise agreement “where we could compel the franchisees to buy from the local store.”

  • Updated

Ace Hardware is two weeks away from re-launching its new franchise, to be called Ace Handyman Services after an acquisition last September, and has hammered out details about one of 2020's most intriguing new offerings in an amended franchise disclosure document.