Ace Hardware vs Oreck Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Ace Hardware vs Oreck including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
	Ace Hardware Franchise	Oreck Franchise
Investment	$41,000 - $2,110,230	$188,300 - $232,500
Franchise Fee	$5,000	$30,000
Royalty Fee	0	-
Advertising Fee	-	-
Year Founded	1924	-
Year Franchised	1976	-
Term Of Agreement	-	-
Term Of Agreement	-	-
Renewal Fee	-	-
Business Experience Requirements
	Ace Hardware Franchise	Oreck Franchise
Experience	Minimum Financial Requirements: * $250,000 Liquid Assets * $400,000 Net Worth	-
Financing Options
	Ace Hardware Franchise	Oreck Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	No/Yes	-/-
Start-up Costs	No/Yes	-/-
Equipment	No/Yes	-/-
Inventory	No/Yes	-/-
Receivables	No/Yes	-/-
Payroll	No/Yes	-/-
Training & Support
	Ace Hardware Franchise	Oreck Franchise
Training	Training in all functional areas of operation, service and promotion: * Effective store management * Strategies and management of each revenue center * Purchasing and inventory strategies * Implementing helpful customer service * Financial management and "back-office" procedures * Hiring, training and managing employees * Effective store marketing techniques	Oreck will provide up to three weeks of training for you and your key staff. Plus, we'll provide onsite assistance as you initiate operations. There is no additional charge for these training services, but you must pay any travel and living expenses while attending the training at the Home Office. Oreck Franchise Services, LLC will also send a Service Technician Trainer to your store for service training.
Support	Hands on, in-store training at opening - Ongoing contact from dedicated Ace support staff - In-store tools for continual improvement * In-store customer survey * Customer comment card program * Mystery shopper program A district manager will be assigned to your store to facilitate ongoing business needs and help you develop store growth plans to maximize retail sales and profits.	-
Marketing	-	-
Operations	-	-
Expansion Plans
	Ace Hardware Franchise	Oreck Franchise
US Expansion	-	-
Canada Expansion	No	-
International Expansion	No	-

Company Overviews

About Ace Hardware

What started as a little chain of stores built up by a gathering of Chicago retailers in 1924 has advanced into one of the country's driving "useful equipment" merchant possessed cooperatives. Ace has developed from a couple of Chicago-region tool shops, to incorporate more than 4,700 stores in 50 states and more than 70 nations. However one thing has stayed unaltered - Ace's dedication to conveying accommodating equipment administration to shoppers.

With the budgetary sponsorship and support from an all around trusted and privately grasped mark you can begin your own particular business that leads its industry in consumer loyalty.

Why Ace Hardware?

Fruitful people like you pick Ace Hardware for business proprietorship regularly for these 7 reasons:

New store motivations - up to $330,000*
No sovereignty expenses and a part of the organization benefits are dispersed back to the retail proprietors every year
Autonomous possession with devoted preparing and support
Adaptable item blend that can be altered to your nearby market
Suggested center Ace item blend in view of 16 years of Point-of-Sale information
Strong establishment and craze confirmation future
All around perceived and privately grasped

*Incentives fluctuate by store design/estimate and depend on Discovery prescribed items and amounts. Motivation given as an acknowledge, not as money or an advance. $330,000 depends on a prescribed request for a 10,000sq. ft. store.

The fruitful Ace Owner:

Is a diligent employee
Is energetic about awesome client benefit
Has great correspondence and deals abilities
Has a reputation for achievement
Has administration abilities

Veteran Incentives  Franchise fee waived

   

About Oreck

Being an Oreck Exclusive or Authorized Retailer is an exciting and unique business opportunity.

With hundreds of retail stores operating in the United States, Oreck Exclusive and Authorized Retailers enjoy strong brand recognition, high-quality products, a proven business model, unparalleled support, and a trusted name.