Ace Hardware Corporation, the largest retailer-owned hardware cooperative in the world, is pleased 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® places Ace Hardware as number 13 for its significant performance in areas including financial strength, growth rate and brand power. In a
ddition, Ace was also named No. 1 in its category on the Franchise 500® ranking.
“Ace Hardware is honored to be ranked as a top franchise by Entrepreneur magazine,” said John Tovar, Vice President, Retail Operations and New Business, Ace Hardware Corporation. “Ace continues to thrive in communities around the world because of our independent store owners’ commitment to providing quality products and services at a convenience customers have come to expect from their local Ace Hardware.”
In 2018, Ace Hardware opened 257 new stores globally, bringing Ace’s worldwide store count to more than 5,200 retail locations.
Ace Hardware ranked in the top 15 among some of the world’s most well-known franchise brands, including 7-Eleven Inc., McDonald’s, The UPS Store, Jimmy John’s Gourmet Sandwiches, Taco Bell, Great Clips, 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.
To view Ace Hardware in the full ranking, visit https://www.entrepreneur.com/franchise500/2019.