Ace Hardware Franchise Agreement

Joorney Business Plans has experience in developing long-term financial forecasts for Ace hardware franchises and understands the specifics of investment requirements. Ace Hardware`s marketing campaigns use integrated strategic marketing initiatives, including national TV and print ads, targeted online and radio spots, rich media, social media, in-store signs, emails sent to Ace Rewards customer loyalty program members, and public relations initiatives. Joorney Business Plans helps franchisees develop effective marketing strategies for both traditional and digital marketing channels, in accordance with the franchise agreement. To become the owner of Ace Hardware, franchisees must have a liquid capital of $US 250,000 with a minimum net asset of at least $US 400,000. New owners can expect to pay a franchise fee of $US 5,000 for the rights to open their own site, but it will cost a total of $272,500 to $1,574,230 to open an ace hardware franchise, provided it`s a new site. There is no license fee with an Ace hardware franchise; Instead, traders receive a percentage of the total profit. Financial support: The franchisee offers several financial support programs, see FDD for more details. The franchisor is the lender of all these programs. Ace is also listed in the Small Business Administration`s (SBA) Franchise Registry. This list means that franchisees who opt for an SBA loan will receive an optimized verification process for their loan application….