What Is Ace Hardware? (a Full Breakdown Of This Retail Giant)

Ace sells a range of tools, raw materials, and services for DIY projects. In 2016, Ace received $1,700,000,000 in sales. Ace also has over 5,000 stores in the world. In terms of the number of stores, that makes Ace the world’s largest retail cooperative.

If you haven’t been to Ace Hardware before, you might be wondering, “What is it?” Ace Hardware is a large hardware retailer with a broad selection of home improvement products for do it yourself home improvement projects, and the chain was founded in 1928 in Northbrook, Illinois.

What Is Ace Hardware In 2022?

Ace Hardware is a leading hardware retailer operating in America, with its headquarters in Illinois as of 2022. As a retail cooperative, many Ace Hardware stores are operated by independent owners under the company branding. Furthermore, Ace Hardware sells power tools, manual tools, raw materials such as lumber and garden equipment, including grills. They have a strong presence throughout the U.S. with over 5,000 locations.

For additional resources on Ace Hardware, including if Ace Hardware stores are locally owned, if Ace Hardware is a good company, what its slogan is, and more, just keep reading!

What’s Ace Hardware Known For?

is a hardware cooperative in which hardware retailers and manufacturers provide hardware products and services through a network of retail stores and online retailers.

It has a lumber department with a full line of lumber and related items.

Further, Ace Hardware has focused on providing a unique and personal shopping experience for its customers and specialty products that help it compete with larger retail stores.

What Makes Ace Hardware Unique?

Ace Hardware offers unique services and products that aren’t found anywhere else in the home improvement industry. One example is the Ace Power Tool Storage Solution, which was designed specifically for power tools.

This has already been built into the existing online stores and will definitely be built into future stores as well.

As independent and privately owned businesses, Ace Hardware managers have the freedom to choose what products and services are best for their community.

Ace Hardware is one of the largest home improvement retailers in the United States.

The corporation also looks to see if the stores are following the standards, such as the hours of operation and sales.

Why Is It Called Ace Hardware?

Ace Hardware started out as a small hardware store in the back of a bar and sold only to the bartender and to one of the regular customers.

Despite the company’s name, the team had to overcome some difficulties like not having all the necessary material to make a functioning vehicle.

The company was initially called ‘Ace Stores’ when it was founded in 1924, before being renamed the Ace Hardware Corporation in 1931.

When Was Ace Hardware Founded?

Ace Hardware was formed by merging four independent hardware stores – Hesse Hardware, Lindquist Hardware, Burke Hardware, and Fisher Hardware, into one company.

When Ace Hardware was founded, it was based on the premise that people should be able to buy merchandise in bulk and sell their goods for the lowest price possible competitively.

What’s The Ace Hardware Slogan?

The “The Helpful Place” slogan can be found on the website as well as underneath the logo, and can also be found on stickers.

We are still open, and we are still helpful. The hardware that we sell is still helpful. We are still building, we are still selling, and we are still giving away the same helpful hardware.

The slogan and jingle are a part of advertising strategy that is used to capture the attention of customers.

The jingle was made at the same time and was used until the new jingle was made.

Ace Hardware also uses the catchy tune as an advertisement for their products. The commercial is usually a man with a blue shirt and a red tie, who uses his tool box and sings the tune.

Is Ace Hardware A Good Company?

Yes, Ace Hardware is said to be a good company with over 7,500 employees.

Previously, Ace Hardware has been listed among the Best and Brightest Companies to work for in America because it offers employees health insurance, flexible hours, and vacation time.

Is Ace Hardware A Franchise?

The store you mentioned had a different name. That was a chain. The one I shopped at was Ace Hardware.

That said, Ace Hardware, which is a privately owned company, operates most of the locally owned 5,500 Ace Hardware stores in around 70 countries.

Ace Hardware charges a fee that’s worth around $5k but owners of Ace Hardware share in any revenue generated by the company. This means that Ace Hardware can grow and develop without being subject to the limits of their resources.

Can I Buy An Ace Hardware Store?

The license to operate an Ace store is $20,000. You must also have a valid business license and must purchase insurance for your store.

It was decided by Ace that to open an Ace Hardware franchise location they wanted to start off with a $40,000 down payment.

And in addition, the franchise fee for owning Ace Hardware stores is $5,000.

These costs include the initial investment and the cost of opening a store that is not a success.

How Many Ace Hardware Stores Are There?

There are more than 5,000 Ace Hardware locations around the world. There are 51 states and 2,879 cities.

This means that the state ranking the best at selling Ace Hardware is the state with the most Ace Hardware stores.

It’s not just the fact that we have Ace Hardware stores in most states, it’s the fact that there are a lot!

If you are looking to buy more, you can also see our posts about buying groceries at Ace Hardware, how to buy Ace Hardware items online, where to find the best Ace Hardware coupons, Ace Hardware coupon codes, Ace Hardware coupon matchups, and how to buy items from Ace Hardware for less at Amazon, Walmart, Kohl’s, Target, Best Buy, and more.

Conclusion

Ace Hardware is one of the top manufacturers of home improvement, tools, and materials to help customers complete their projects.

Ace Hardware is a cooperative which is owned by independent owners.

One of the key ideas behind the Ace Hardware slogan is that the stores help people by offering personalized assistance and advice.

The cost of purchasing the franchise rights to Ace Hardware costs $5,000 and the additional costs can total up to $1,500,000.