Ace Hardware Vaults to No. 6 Ranking in Entrepreneur’s 2020 Annual Franchise 500®
Ace Hardware Corporation, the largest retailer-owned hardware cooperative in the world, is proud to announce it has once again been named a top franchise by Entrepreneur magazine. Recognized by entrepreneurs and franchisors as a competitive tool of measurement, the prestigious Franchise 500® ranked Ace Hardware No. 6, up a remarkable 7 spots from 2019’s No. 13 ranking. Ace was again named No. 1 in its category on the Franchise 500® ranking.
“Ace Hardware is thrilled to be recognized as a top franchise by Entrepreneur magazine, and the jump into the top 10 is a testament to the hard work our independent store owners put in over the last year,” said John Tovar, Vice President, Retail Operations and New Business, Ace Hardware Corporation. “Our local retailers’ commitment to serving their neighbors with unrivaled service, convenience and the highest quality products is truly unmatched, and this ranking reflects that focus on meeting and exceeding our customers’ expectations.”
Ace Hardware ranked in the top 10 among the most elite and well-known franchise brands in the world, including Dunkin’, McDonald’s, The UPS Store, Taco Bell, and Planet Fitness.
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.
Entrepreneur specifically called out Ace’s differentiation via exclusive distribution deals with well-known companies such as Benjamin Moore and Stihl, as well as a successful focus on e-commerce resulting in an 81 percent increase in online sales in Q3 2019.
To view Ace Hardware in the full ranking, visit https://www.entrepreneur.com/franchise500/2020
For more information about retail ownership opportunities at Ace Hardware, please visit myace.com.
Ace Hardware is the largest retailer-owned hardware cooperative in the world with more than 5,300 locally owned and operated hardware stores in approximately 70 countries. Headquartered in Oak Brook, Ill., Ace and its subsidiaries operate an expansive network of distribution centers in the U.S. and have distribution capabilities in Ningbo, China; Colon, Panama; and Dubai, United Arab Emirates. Since 1924, Ace has become a part of local communities around the world and known as the place with the helpful hardware folks. For more information, visit acehardware.com or newsroom.acehardware.com.