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Ace Hardware Moves Up Two Spots in Entrepreneur Magazine’s World’s Most Comprehensive Franchise 500® Ranking
OAK BROOK, Ill. , Jan. 16, 2024 /PRNewswire/ — Ace Hardware is the world’s largest retailer-owned hardware cooperative and is now ranked number five on the list of the world’s most productive franchise opportunities in contractor franchising. . five00®, the first and highest comprehensive franchise rating in the world. This improved rating, up from No. 7 on the list in 2023, shows that Ace Hardware continues to capture the hearts of stores and consumers as one of the tops. Sensible franchise opportunities through its variety of stores, year-over-year sales growth, and strong logo recognition.
In its individual category, Entrepreneur named Ace Hardware as the number one franchise opportunity. This is the third year in a row that Ace has earned the top position in the “Miscellaneous Retail” category.
“Moving up to No. 5 on Entrepreneur’s Franchise 500 list is an honor and a reflection of our commitment to helping our retail business owners succeed,” said John Kittell, Vice President of Retail Operations and New Business at Ace Hardware. “Our top priority is to support our locally owned entrepreneurs with industry-leading products and services that give them an advantage in an increasingly competitive marketplace. We continue to thrive because of our people. Ace Hardware’s growth and success is a direct reflection of our Ace retailers, upholding our helpful brand promise every day in the local communities we serve.”
Inclusion in the Entrepreneur’s Franchise 500® is one of the most valued and sought-after accolades in franchising. In its 45-year history, the Franchise 500® has a dominant competitive metric for franchisors and a number one study tool for prospective franchisees. A wide variety of points are analyzed, adding prices and rates, length and growth, support, logo strength, and monetary strength and stability. For full rankings, visit www. entrepreneur. com/franchise500.
Ace Hardware wasn’t the only Ace company to make the list in 2024. Ace Handyman Services was ranked 132nd on the Franchise 500® list. Ace Handyman Services is an independent subsidiary of Ace Hardware Corporation. It was established in 2019 as a organización. de local franchise businesses comprised of professional and flexible artisans trained to take care of the owners’ to-do list. The list of installations includes carpentry, plumbing, electrical, drywall, paint, flooring, and much more.
About Ace HardwareAce Hardware is the world’s largest retailer-owned hardware cooperative, with more than 5,800 locally owned and operated hardware retail outlets in approximately 60 countries. Headquartered in Oak Brook, Illinois, Ace and its subsidiaries have an extensive network of distribution centers in the United States and have distribution functions in Ningbo, China; Cuautitlán Izcalli, Mexico. Ace also owns Ace Hardware Home Services, a set of local service corporations made up of seasoned professionals who are committed to assisting homeowners in all of their home maintenance tasks. Since 1924, Ace has had a component of local communities around the world and is known as the go-to post for other people to be useful. For more information, visit acehardware. com or newsroom. acehardware. com.
Contact: Katie Greenmedia@acehardware. com
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SOURCE Ace Hardware Corporation