- Last Year Rank: 5
- Investment Range: $272,500 - $1,574,230
- Initial Investment: $250,000
- Category: Retail
Ace Hardware is the largest retailer-owned hardware cooperative in the world. Although it is considered a franchised business since independent owners operate most of its locations, Ace is formally a retailers' cooperative.
Founded in 1924 in the Chicago area, Ace Hardware stores vary in size and product offerings to fit each neighborhood. Ace operates in more than 5,000 locations in all 50 states and over 60 countries.
Ace franchisees are not only business owners, but also shareholders in the organization. The hardware chain also offers an option to convert stores from existing independent stores to an Ace Hardware store.
- Global Sales: $20,587,000,000
- US Units: 4,853
- International Units: 816
- Total Units: 5,669
- Percent Franchised: 96%
- % International Units: 14%
- US Franchised Units: 4,647
- International Franchised Units: 816
- Sales Growth %: 21.1%
- Unit Growth %: 2.1%