Ace Hardware is the world’s largest retailer-owned hardware cooperative, and it is now ranked number five on the list of top franchise opportunities in the world in Entrepreneur’s Franchise 500® – the world’s first and most comprehensive franchise ranking. This improved ranking is a significant improvement from its seventh position in 2023. Such an achievement reflects the company’s ability to gain the trust and loyalty of retailers and customers through its strong brand recognition, consistent sales growth, and unwavering support to its retailers.
In its individual category, Entrepreneur also named Ace Hardware the number one franchise opportunity. This marks the third year in a row that Ace secured the top spot in the ‘Miscellaneous Retail Business’ category.
“Moving up to number five on Entrepreneur’s Franchise 500 list is an honor and a reflection of our commitment to helping our retail business owners succeed,” said John Kittell, Vice President of Retail Operations and New Business at Ace Hardware.
“Our top priority is to support our locally owned entrepreneurs with industry-leading products and services that give them an advantage in an increasingly competitive marketplace. We continue to thrive because of our people. Ace Hardware’s growth and success is a direct reflection of our Ace retailers, upholding our helpful brand promise every day in the local communities we serve.”
Ace Hardware was not the only Ace company to make the list in 2024. Ace Handyman Services ranked number 132 on the Franchise 500® list. Ace Handyman Services is a stand-alone subsidiary of the Ace Hardware Corporation. It was created in 2019 as a collection of locally owned franchise businesses staffed by professional and multi-skilled craftsmen and women trained to handle a homeowner’s to-do list.
Inclusion in Entrepreneur’s Franchise 500 is one of the most highly regarded and sought-after honors in franchising. Over the last 45 years, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. The list analyses a broad range of factors to build the ranking, including costs and fees, size and growth, support, brand strength, and financial strength and stability. To view the full ranking, visit www.entrepreneur.com/franchise500.