In the dynamic landscape of franchising, where businesses strive to make their mark, Ace Hardware has firmly established itself as a powerhouse. The latest accolade adds another feather to its cap, as it proudly secures the fifth position in Entrepreneur Magazine’s prestigious Franchise 500®, a testament to its unparalleled success and resilience.
Rising Through the Ranks:
As of January 17, 2024, Ace Hardware proudly claims its spot as the world’s largest retailer-owned hardware cooperative and ranks an impressive No. 5 on Entrepreneur’s Franchise 500®. This notable ascent reflects the company’s unwavering commitment to excellence, showcasing a remarkable climb from its seventh position in the previous year’s rankings. The achievement underscores Ace Hardware’s continuous ability to capture the loyalty of retailers and customers alike, solidifying its standing among the top franchise opportunities globally.
Leading the Pack in Retail:
What makes Ace Hardware truly exceptional is not only its overall ranking but also its undisputed dominance in its individual category. Entrepreneur Magazine has recognized Ace Hardware as the No. 1 franchise opportunity in the ‘Miscellaneous Retail Business’ category, securing this prestigious position for the third consecutive year. This consistent acknowledgment speaks volumes about Ace Hardware’s sustained commitment to excellence, retailer support, robust yearly sales growth, and a brand that resonates strongly with consumers.
John Kittell on Ace Hardware’s Success:
John Kittell, Vice President of Retail Operations and New Business at Ace Hardware, expressed his pride in the company’s achievement, stating, “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.” Kittell emphasized that the primary focus is on supporting locally owned entrepreneurs, providing them with industry-leading products and services to thrive in a competitive marketplace. He attributed Ace Hardware’s growth and success to its people, particularly the dedicated Ace retailers who uphold the brand’s helpful promise in the communities they serve every day.
A Coveted Recognition: Inclusion in Entrepreneur’s Franchise 500® is a prestigious acknowledgment, sought after by franchisors and valued by potential franchisees. With 45 years of history, the Franchise 500® has become a dominant measure for franchising success and a crucial tool for those considering franchise opportunities. The comprehensive evaluation considers various factors, including costs and fees, size and growth, support, brand strength, and financial stability. Ace Hardware’s prominent position in this ranking is a testament to its excellence across these critical metrics.
Ace Hardware’s remarkable success extends beyond its primary brand. In the 2024 Franchise 500® list, another entity under the Ace umbrella, Ace Handyman Services, secured an impressive No. 132 ranking. Established in 2019 as a stand-alone subsidiary of Ace Hardware, Ace Handyman Services comprises locally owned franchise businesses. These businesses are staffed by skilled craftsmen and women proficient in various tasks, including carpentry, plumbing, electrical work, drywall installation, painting, flooring, and more.
About Ace Hardware:
With a history dating back to 1924, Ace Hardware has evolved into the largest retailer-owned hardware cooperative globally. Present in over 60 countries, it boasts a network of over 5,800 locally owned and operated hardware stores. Headquartered in Oak Brook, Illinois, Ace Hardware’s extensive distribution centers in the U.S., along with distribution capabilities in China and Mexico, highlight its global reach. Additionally, Ace Hardware owns Ace Hardware Home Services, a collection of local service companies dedicated to assisting homeowners with various home maintenance tasks.
Ace Hardware is deeply embedded in local communities worldwide and is renowned as the go-to place with the Helpful Hardware Folks. The company’s commitment to excellence, coupled with its supportive franchise model, has undoubtedly played a pivotal role in its continuous success and recognition.
Ace Hardware’s remarkable rise to the fifth position in Entrepreneur’s Franchise 500® cements its status as a global leader in the franchising industry. The consistent recognition in its individual category further underscores the brand’s strength, retailer support, and overall excellence. As Ace Hardware continues to thrive and expand its influence globally, it remains a shining example of a franchise that not only adapts to change but also sets new standards for success in the competitive world of retail and hardware.
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