Ace Hardware vs HomeGamers Franchise Comparison

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

Start-Up Costs and Fees
 
Ace Hardware Franchise
HomeGamers Franchise
Investment $41,000 - $2,110,230$250,000 - $550,000
Franchise Fee $5,000N/A
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
HomeGamers Franchise
Experience Minimum Financial Requirements: * $250,000 Liquid Assets * $400,000 Net Worth-

Financing Options
 
Ace Hardware Franchise
HomeGamers Franchise
  In-House/3rd PartyIn-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
HomeGamers 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-
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
HomeGamers 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.

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
""    "Entrepreneur

#6 in Franchise 500 for 2020.
#23 in Franchise 500 for 2021.





About HomeGamers

When you join a franchise system, you own your own business, but you are never on your own. You can count on us to be there to help you with everything: from professional store layout and design, to the ultimate product selection, to start-up and ongoing training we've got you covered! We provide the support you need to open and operate your HomeGamers business: * Complete training at headquarters, plus start-up and ongoing assistance at your location. * Established procedures and standards for running your retail business. * Guidance with securing your location and designing your store. * Unbeatable product knowledge and approved suppliers to ensure you carry the best * selection and most desirable inventory for your customers. * Creative marketing assistance, including already developed fliers, postcards, and other materials, to help build your business right from the start. * Presence on the HomeGamers comprehensive website. * …and much more!