Ace Hardware earned another industry recognition, being named as one of the leading franchise opportunities based on its retailer support, yearly sales growth and strong brand recognition. The company secured a spot in the Top 10 franchise business opportunities in the world for 2023, according to Entrepreneur Magazine’s Franchise 500, one of the most highly sought-after honors in the franchise industry.
After ranking 12th in 2022, Ace Hardware’s record sales and comprehensive retail support helped the company climb the list in 2023 to the 7th position out of 500 ranked franchise businesses. Ace Hardware took the No. 1 spot in the retail category of the list again this year.
“Breaking into the Top 10 on Entrepreneur’s Franchise 500 list is an honor and a reflection of our passion for helping our retail business owners succeed,” says John Kittell, vice president of retail operations and new business at Ace Hardware. “Our goal is to always be the best, especially when it comes to supporting our locally owned entrepreneurs with industry-leading products and service offerings that give them an advantage in an increasingly competitive marketplace. We have always believed that our strength is in our people. Ace Hardware continues to grow and thrive based on our strong ties to the local communities we serve, made possible by our Ace retailers who uphold our helpful brand promise every day.”
Entrepreneur’s Franchise 500 was the first and most comprehensive franchise company ranking in the world, analyzing a broad range of factors including costs and fees, size and growth, support, brand strength and financial strength and stability.
In May 2022, Ace Hardware earned J.D. Power’s Highest Ranking for Customer Satisfaction among home improvement retail stores, a ranking it has achieved 15 out of the last 16 years. It was also named No. 2 in the Top 100 Omnichannel Retailers Report.