Ace Hardware ranked top 10 among the franchise elite in Entrepreneur’s esteemed 38th annual Franchise 500®
Ace Hardware Corporation, the largest retailer-owned hardware cooperative in the world, is pleased to announce it has been ranked No. 7 in Entrepreneur magazine’s prestigious Franchise 500® report. In addition, Ace was also named No. 1 in its category on the Franchise 500® ranking.
Recognized by entrepreneurs and franchisors as a top competitive tool of measurement, the Franchise 500® places Ace Hardware as No. 7 for its exceptional performance in areas including financial strength and stability, growth rate and brand power.
“Ace Hardware is honored to be named one of the year’s top 10 franchise systems by Entrepreneur magazine,” said Dan Miller, Vice President, Retail Operations and New Business, Ace Hardware Corporation. “Communities all across the world continue to embrace Ace Hardware because our independent store owners offer their neighbors something other retailers simply can’t – service, convenience and quality, all backed by an award-winning and globally trusted brand.”
In 2016, Ace Hardware opened 152 new stores in the U.S., bringing Ace’s worldwide store count to more than 4,900 retail locations.
Ace Hardware ranked in the top 10 among some of the world’s most well-known franchise brands, including 7-Eleven Inc., McDonald’s, Dunkin Donuts, The UPS Store, Jimmy John's Gourmet Sandwiches, Dairy Queen, Wingstop Restaurants Inc., Sport Clips and RE/MAX LLC.
The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
To view Ace Hardware in the full ranking, visit entrepreneur.com/franchise500. Results can also be seen in the January/February issue of Entrepreneur available now on newsstands.
For more information about retail ownership opportunities at Ace Hardware, please visit myace.com.
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For more than 90 years, Ace Hardware has been known as the place with the helpful hardware folks in thousands of neighborhoods across America, providing customers with a more personal kind of helpful. In 2016, Ace ranked "Highest in Customer Satisfaction with Home Improvement Retail Stores, Ten Years in a Row," according to J.D. Power. With more than 4,900 hardware stores locally owned and operated across the globe, Ace is the largest retailer-owned hardware cooperative in the world. Headquartered in Oak Brook, Ill., Ace and its subsidiaries currently operate 17 distribution centers in the U.S. and also have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Its retailers' stores are located in all 50 states, the District of Columbia and approximately 60 countries. For more information on Ace, visit acehardware.com or visit our newsroom at newsroom.acehardware.com.