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Below is an in-depth analysis and side-by-side comparison of Ace Hardware vs Adam & Eve Stores 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 | $149,000 - $345,000 |
Franchise Fee | $5,000 | $30,000 |
Royalty Fee | 0 | - |
Advertising Fee | - | - |
Year Founded | 1924 | 1970 |
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.
Visitors to Adam & Eve often find themselves surprised. The company is based on a 10-acre site in historic Hillsborough, North Carolina - operating from our 110,000 sq. ft. warehouse and a three-story office building. It is one of the largest private employers in Orange County, North Carolina with a diverse staff of nearly 375 people, including recent high school and college graduates, new parents and white-haired grandmothers. Apart from signed posters of adult stars and representatives in the call center praising the merits of a new video, there's very little on the surface to distinguish Adam & Eve from any other company in America. But the company promotes a very employee-friendly environment, as demonstrated by a high retention rate. Great benefits like half-day Fridays, personal days throughout the year and quarterly performance bonuses promote a rare family-like atmosphere at Adam & Eve that's the envy of companies throughout the nation.