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Below is an in-depth analysis and side-by-side comparison of Ace Hardware vs Game X Change 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 | $150,000 - $200,000 |
Franchise Fee | $5,000 | N/A |
Royalty Fee | 0 | - |
Advertising Fee | - | - |
Year Founded | 1924 | 1992 |
Year Franchised | 1976 | 1994 |
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.
GAME X CHANGE is one of the longest running video game operations in the U.S. Our stores meet the expectations of today's value-conscious consumers to provide a unique, upscale opportunity to buy, sell and trade their Video Games, Movies, Skate Equipment and Small Electronics. We offer the customer a diverse product mix of new and used games, movies, hard skate goods and accessories from the venerable Nintendo and Atari to the latest cutting edge machines such as the Xbox 360, Nintendo Wii and Sony Playstation 3 in a customer friendly atmosphere. We are dedicated to provide you with the knowledge and skills necessary to operate your franchise store. Our comprehensive selection of preferred vendors help make the Game X Change family member uniquely well supported. We strive to provide you unrivaled franchise support. We work hand in hand with you throughout the process to: