Ace Hardware vs iCare Repair Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Ace Hardware vs iCare Repair including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$41,000 - $2,110,230 | $55,893 - $120,993 |
Franchise Fee |
$5,000 | $20,000 |
Royalty Fee |
0 | 7.25% |
Advertising Fee |
- | - |
Year Founded |
1924 | 2012 |
Year Franchised |
1976 | 2012 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
Minimum Financial Requirements:
* $250,000 Liquid Assets
* $400,000 Net Worth | - |
Financing Options |
|
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 |
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 | We'll provide substantial training on repairs and customer service, site selection, supply of low-priced OEM parts and repair tools, Internet presence and marketing, as well as unique point-of-sale (POS) and operational technologies. |
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 |
US Expansion |
- | Yes |
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.
For over 90 years, Ace Hardware has been America's neighborhood equipment retailer. Perceived as pioneer in the blasting $279 billion home change industry,
Ace Hardware is putting forth a gigantic open door for those needing to assemble a gainful and enduring business.
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
Has extraordinary authoritative abilities
The total investment necessary to begin operation of an Ace Hardware
store that is between 3,000 and 15,000 square feet ranges from
approximately $321,000 to $1,067,230 for a store located on leased
premises; from approximately $355,000 to $2,110,230 for a store which is
newly constructed; and from $41,000 to $852,230 for an existing
hardware store which is converted to an Ace Hardware store. This
includes up-to $1,103,000 that must be paid to the franchisor or
affiliate.
Veteran Incentives Franchise fee waived
#6 in Franchise 500 for 2020.
#23 in Franchise 500 for 2021.
About iCare Repair
Join a fast-growing business opportunity with iCare Repair
We place substantial value on our brand. Our outstanding commitment to
our customers and partners proves to be the best in the mobile phone
repair industry.
With our extensive business model, you can take
advantage of the increasing number of users of mobile devices and
excellent profit potential on these areas:
- Smartphone, Tablet, and iPod Repair Services
- Buy/Sell/Trade of Devices
- Parts and Accessory Sales
Increasing Demand
Around 33 percent of smartphone users lose/damage their phones, according to Plaxo, while a British study found that an iPhone gets broken roughly 10 weeks from purchase.
As smartphones and tablets have many breakable parts such as a fragile LCD
(liquid crystal display) screens and inaccessible batteries, users are
going to need repair services for their broken gadgets.
iCare Repair is proud to be a trusted brand that has garnered multiple
positive reviews from our satisfied customers.
We thrive in the competitiveness and affordability of our products and services, besides
the outstanding customer service that we offer at all our locations.
With our effective business model,
iCare Repair provides a great
opportunity for franchisees who want to gain financial independence and
the ability to make their own business decisions.
Veterans get 25% discount off franchise fee.