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Below is an in-depth analysis and side-by-side comparison of Ace Hardware vs GameTruck including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $41,000 - $2,110,230 | $156,599 - $322,734 |
Franchise Fee | $5,000 | $12,500 - $89,500 |
Royalty Fee | 0 | 7% |
Advertising Fee | - | - |
Year Founded | 1924 | - |
Year Franchised | 1976 | - |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Minimum Financial Requirements: * $250,000 Liquid Assets * $400,000 Net Worth | - |
Financing Options |
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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 |
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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 | - |
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 |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
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 most years operating, GameTruck distinguishes efficiently running and growing your business from the excitement of the party. Our proprietary scheduling and reporting system and dynamic knowledge-base provides the tools and information to manage your business intelligently. The franchising organization and active network of owner/operators work together to develop programs and partnerships that have improved performance and are driving revenue beyond the weekend birthday party. Learn about the advantages that come with a GameTruck franchise by talking to a GameTruck representative.