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Updated RecentlyAce Hardware vs Bricks & Minifigs Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Ace Hardware vs Bricks & Minifigs 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 | $108,500 - $276,400 |
| Franchise Fee | $5,000 | $25,000 |
| Royalty Fee | 0 | 6% |
| Advertising Fee | - | $50/mo |
| Year Founded | 1924 | 2010 |
| Year Franchised | 1976 | 2011 |
| 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 | Are you a LEGO® enthusiast? Do you have an outstanding work ethic with a passion to succeed? Do you want to “love what you do?” Do you love seeing smiles on customers’ faces? Would you enjoy working with a customer base that ranges from small children to adult collectors? If you answered yes to ANY of these questions, then this franchise opportunity may be for you. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/Yes | -/Yes |
| Payroll | No/Yes | -/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 | On-The-Job Training: 24 hours Classroom Training: 16 hours |
| 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. | Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection |
| Marketing | - | Franchisee Intranet Platform Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
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
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#6 in Franchise 500 for 2020.
#23 in Franchise 500 for 2021.
About Bricks & Minifigs
Bricks & Minifigs started as a dream
in 2003 when David Ortiz thought there should be a better way to buy,
sell, and trade LEGO® items while being a stay-at-home father of twin
boys. He knew that if there was a safe place for families to buy, sell
and trade LEGO® product that it would be a success. In 2009 he met John
Masek, who had spent most of his life working in and running stores for
some of the largest names in retail. John had recently started selling
LEGO® online, and as it happened the two men stumbled into a bidding war
with each other over a large LEGO® collection for sale. Instead of
fighting, they decided to begin working together to split the
collection. Shortly afterwards they started drafting plans for the
future, combining David’s knowledge and John’s retail experience to
create what is now Bricks & Minifigs. They opened their first store
in 2010. The company began franchising in 2011, and by 2018 had over 41
stores in operation in the US and Canada.
Veteran Incentives 20% off franchise fee
#317 in Franchise 500 for 2021. Not in Franchise 500 for 2020.