js.async = true; While it is true that our base of professional Craftsmen handle 1162 different home improvement projects, it is not necessary to be familiar with the home improvement industry to manage these dedicated Craftsmen on the best practices for much-needed home projects. Here are the steps franchisors need to take when selling a franchise: Once the legal documents have been ironed out, you can proceed to train and onboarding and transfer assets and territories to the franchise owner. Will vary depending upon the rental equipment offered, fixtures needed, maintenance/repair shop needs and any optional exterior signs selected. point to point encryption). This website is designed for and targeted to U.S. audiences and is governed by and operated in accordance with U.S. laws. "Ace is a common word and people back in the day of the Yellow Pages liked to use it,"he said. This could be the essential business youve been looking for. Ace Handyman Franchising, Inc. ("we") offers the opportunity to serve your local community by operating a business providing much-needed, high-quality repair, and maintenance services for residential and commercial properties (an "AHS Business"). We provide a reliable and professional 4.85-Star customer-rated experience by creating a unique place for talented Craftsmen to work. If using a different point of sale vendor, the fee for point to point encryption will vary. In most cases, franchise brokers are compensated by the franchisor, not the franchisee. If youve always wondered about Ace Hardware franchise cost, this article will discuss the initial investment youll need as well as additional expenses you must be ready for. at any time. #127 Ranked #238 last year See the Full List Initial investment $113K - $159K Units as of 2022 320 162.3% over 3 years Jump to Franchising Overview Founded in 1998 by Andy Bell, what was then known. Cost of investment for an Ace Handyman Services franchise ranges from $91,777 to $136,569, the FDD says. We invest in you AND your employees to ensure you are well prepared to start and run your business. Price varies by page count and group participation. Since the annual survey began in 2006, Ace ranked as highest in customer satisfaction, 13 out of the last 14 years. Theres a required training program in the Oak Brook main office called New Owners Institute. Franchisees may offer rental services from their Ace store under the name Ace Rental Place. Franchisees may also own and operate an existing separate business, such as a grocery store, and add a freestanding Ace Hardware store to the existing business. Initial franchise fee is $20,000 for a single franchise, plus a minimum territory fee of $35,000. We have the experience you can rely on to help guide your business. You dont need to consent as a condition of any purchase, and you can revoke consent The deal to sell to Ace Hardware, which he calls a "wonderful gift," wasn't expected. Will vary depending upon the rental equipment offered, fixtures needed, maintenance/repair shop needs and any optional exterior signs selected. $48 per month (single or main store); $38 per month each additional store. Success is our only option; we want to make sure we align with business owners who take control and will realize new levels of success by doing business the right way. Either way, its crucial that you learn the steps as well as practical tips and tricks of selling a franchise. We also do not Will vary depending upon equipment or services utilized. 20+ year business model, tested and established. Min. With over two decades of experience behind us and an actual operating unit in the same training building, we have optimized the way we teach and train new owners to start their businesses quickly and correctly. Are you sure you wish to REMOVE from your request basket? Ace offers a myriad of in-store services from key cutting to utility payment. Estimated annual cost of required coverage: $2,500 - $30,000. We want candidates who are comfortable making decisions and driving results through a TEAM that they build. The franchisor periodically schedules training sessions and seminars for individual retailers and retailer groups. Before getting into the details of an Ace Hardware franchise cost, lets get to know the brand a bit better. There may be a discount available to you. The experts at Ace Handyman Services have developed Pre-Built Packages with you in mind! To buy a franchise with Ace Handyman Services, you'll need to have at least liquid capital of $75,000 and a minimum net worth of $200,000. Franchise Description: The franchisor, Ace Hardware Corporation, is a wholesaler of hardware products, paint and other merchandise. It all fits together for efficiency and awareness of how your business is doing. The franchisors Ace Learning Place online training platform has the training programs for Owners, their management team and their associates. Sitemap | Privacy Policy | Cookie Policy | Terms of Service | Your CA Privacy Rights. Please complete the simple form below to submit your review. Founded in 1998 as Handyman Matters, we were acquired by Ace Hardware in 2019. var _tip = _tip || []; Some people interchange the terms franchise consultant and franchise broker, but there are apparent differences between the two. A handyman charges $50 to $80 per hour or $320 to $600 per day on average, plus the cost of materials. Total Investment: $112,577-$159,097. The Franchise Mall makes every effort to You might be a franchisor aiming to grow your business further or a franchisee who wants to sell your business. There are a few exceptions detailed in the FDD. Systems Matters. Franchising also allows franchisors to take advantage of local expertise and effort. Request Info. Guidant Financial (min. Franchises, on the other hand, may have wholly different reasons for selling their franchise. A handyman may have a minimum charge of $75 to $200 or a minimum number of hours. The consumer is fickle. Ace Handyman Services is one of the top providers of repair and maintenance services in the USA. Estimated cost range per service: $30 $3,500. What to know about Ace Handyman Services franchise? "Clearing the name Ace Handyman Services and getting it registered is a lot harder than I thought.". Ignite your business with our Initial 90-Day Operating plan. $300 per month for all parent stores and $125 per month for each branch store. Review our cookies information for more details. The company holds an annual Ace Shootout that brings together teams of celebrities who compete in fun challenges on the golf course. Launch Matters. Copyright 1999-2023 TheFranchiseMall.com. Three- and five-packs are also available. Find detailed information about Ace Hardware franchise costs and fees. Term of Agreement and Renewal: There is no specified term length for the agreement. Franchisees can expect to make a total investment of $97,477 - $152,447. The success of the establishment was off the charts. The playbook to a Great Franchise Starts with a Great Coach. We have been tasked with bringing helpful handyman services to all of their customers homes. Please submit the form to continue. Professionalism Matters. "They bought the franchise system with 119 territories in 28 states and bought our local operations in the Denver market." Initial franchise fee is $20,000 for a single franchise, plus a minimum territory fee of $35,000. And if you cant find what you need, our marketing department will create it for you. The one-time tasks to set up your business from the naming of your company to its opening are managed in an easy-to-use project management software that delivers new tasks each time you have completed the previous one. 2018 | The Educated Franchisee | All Rights Reserved, Item 1: The Franchisor, Its Parents, Predecessors and Affiliates, Item 8: Restrictions on Sources of Products and Services, Item 11: Franchisors Assistance, Advertising, Computer Systems and Training, Item 14: Patents, Copyrights and Proprietary Information, Item 15: Obligation to Participate in the Actual Operation of the Franchise, Item 16: Restrictions on What the Franchisee May Sell, Item 17: Renewal, Termination, Transfer and Dispute Resolution, Item 18: Arrangements with Public Figures, Item 19: Financial Performance Representations, Item 20: Outlets and Franchisee Information. By pressing Submit Information Request, you agree that Franchise Clique, websites, our network Ace Handyman Services franchise costs, based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $65,000 Travel and Living Expenses While Training: $3,500 to $5,000 Lease Deposit: $1,000 to $3,000 Rent for First 3 Months: $3,000 to $4,500 Leasehold Improvements and Signage: $800 to $5,000 Furnishings: $800 to $5,000 Mar 26, 2020 Updated Oct 12, 2020 Andy Bell started Handyman Matters in 1998. Brand Fund: 2% Member contributes up to $2,400 annually for group advertising. But many have high-risk profiles. Our technology is the backbone of our model, supporting our unique business operations and making your ability to manage your business efficient and scalable. If the franchisees application for membership is approved, the franchisor will grant franchisees membership in the cooperative under the terms of the membership agreement and upon their purchase of shares of the franchisors stock. 5-7 days to be processed. See order form for specific pricing. Our Craftsmen will respect your home by always: Respecting your family's privacy, personal space, and safety. In short, it allows the business to expand without requiring significant capital from the franchisor. 80228. Ace Handyman Services Business Cost, Fees & Facts for 2023. By using this site, you agree to thePrivacy Policy and Terms & Conditions. Ace Handyman Services is a home improvement, repair, and remodeling company providing the best systems, support and know-how to our owners and their customers. You also agree to our. We recommend that anyone seriously interested in An unexpected error occurred. Get your own copy of the Best Selling The Insiders Guide | Find the Perfect Franchise for You. When my father was looking into franchises, he was . Minimum Cash on Hand Required: $100000. Thanks for sharing your details, well be in touch shortly. Minimum cost of implementation begins at approximately $30,000. Heres How Much It Will Cost You. The brand has a whole team dedicated to meet franchise owners business needs. The franchisor may sell or assign loans made under any of its loan or financing programs to a third party. Copyright 1998-2023 Franchise Direct. When evaluating franchise fee options, consider the following tips to make an informed decision: Franchising can be a lucrative business opportunity, no doubt about that. Wow, glad you're interested in so many businesses! Helpful Experience Program (Mystery Shop, Customer Engagement, Employee Engagement) (optional). Year of FDD: 2023. Guzik said a major challenge in this deal was securing the trademarks. Type of Business Ace Handyman Franchising, Inc. offers the opportunity to serve your local community by operating a business providing much-needed, high-quality repair, maintenance and remodeling services, including design and build projects. Though it may seem like an added expense for a franchisee, the franchise royalty fee is crucial in making the business system sustainable. How awesome would it be to own and operate a turn-key business that would save you much effort and years of trial-and-error, right? Initial Franchise Fee: $65,000 The Initial Franchise Fee increases by $0.50 for each additional household in your Territory over 70,000 households. service, Comprehensive Training with Support Every Step of the Way, Comfortable Schedule Allowing Time For Personal Life. Ace Handyman Franchising, Inc. is a Colorado corporation that was incorporated on August 22, 2000 under the name of Handyman Matters Franchise Corporation. The total investment necessary to begin operation of an AHS Business is estimated at $93,277 to $137,472. $0.31 per direct mail piece. document.getElementById("currentYear").textContent = currentYear; 2022 Franchise News Hubb All rights reserved. On the other hand, a franchise consultant is a professional who offers independent advice on a range of matters related to selling a franchise. The fee structure and amount of commission can vary depending on the franchisor and the specific agreement with the broker, but it is generally a percentage of the initial franchise fee paid by the franchisee. . To explain, franchisees with approved applications get a membership in the coop upon purchase of stock shares. Oftenthe conversation is about the intentions behind the FDD and each of our roles and responsibilities to the collective system. Estimated amount of time a package will take. Looks like your subscription is due. How Much Does A Popeyes Franchise REALLY Cost? There is an additional program tee of $300 per Cycle. Our knowledgeable and experienced development staff will then lead you through a complete investigation covering the following topics: the brand, values, technology, marketing programs, operating systems, financial requirements and your protected territory. Save my name, email, and website in this browser for the next time I comment. For instance, theyve been a partner of Childrens Miracle Network (CMN) Hospitals and the American Red Cross during disaster relief efforts since 1991. Stores first calendar year: $6,000 flat fee per store. However, navigating the world of franchises can be overwhelming, and thats where a franchise broker comes in. Values Matter. Top-notch technology systems and processes to give you a competitive edge. $50K needed in IRA/401K, US only.) Understanding the FDD is important for knowing who does what in the relationship. Franchisors typically pay the broker a commission or referral fee for successfully matching them with a qualified franchisee who purchases a franchise. Grocery Format Add-on to Ace Rewards Program. This means that the broker must disclose any financial arrangements with the franchisor to potential franchisees and provide unbiased recommendations based on the franchisees needs and goals. The franchisor refers to this as its grocery format. Ace Hardware franchisees may not offer handyman services or other in-home services under any Ace trademark unless they have purchased a separate franchise from Ace Handyman Franchising, Inc. (Ace Handyman Services) or Ace Painting Franchising, LLC (Ace Hardware Painting Services). Send a request to get free consultation from the official representative of the company, Interested? The transition from Handyman Matters to Ace Handyman Services has been a smooth one according to a married couple of franchisees who have found success in the system. The company has enough resources to ensure that they recognize your franchise and you have a constant customer flow. Franchises Ace Handyman Services Franchise Information. The information contained on this website does not constitute the offer of a franchise. It can also contribute to the development of franchise trends. listed above. Travel and Living Expenses While Training: $3,500 to $5,000 Ace Handyman Services has a well-established business model that has long proved to be working like a well-oiled machine, so future franchisees should adhere to this model to ensure the success of a franchise. Get A Piece of the Most Trusted Name in America. We will show you the systems that allow you to run your business from anywhere, to understand the important metrics in your business and to scale your operations responsibly. Whether youre a first-time franchisee or a seasoned business owner, this guide will provide valuable insights into the world of franchise brokers and help you make informed decisions about your franchise investment. Price does not include expenses for meeting rooms, travel, lodging, meals, or tax where applicable. Will vary based on the services utilized. Computer Hardware and Software for Point of Sale System, Computer Hardware and Software Maintenance. Franchise Times 2808 Anthony Lane South Minneapolis, MN 55421 Phone: 612-767-3200 Email: info@franchisetimes.com. We were recently acquired by Ace Hardware and were formerly known as Handyman Matters until March of 2020. Monday, June 05, 20236:59:57 AM - 1517 Users Online. Its vital to note that even though the franchisor pays the broker, the franchise broker has a legal obligation to act in the best interests of both parties. A monthly non-qualified fee will be assessed to the franchisees statement based on card type and volume. Subsequent years: 2% of prior year purchases subject to minimum and maximum assessments. For example, group pricing for an eight tab is $57.50 per thousand copies. The training takes place in Denver, Colorado the third full week of every month, after a pre-training program that prepares you to take advantage of everything you will learn. ft.), Telephone, In-store Communications and Other Equipment, Computer System with Point-of-Sale (Hardware/Software), Prepaid Expenses Security Deposit, Dues, Permits, Subscriptions and other Prepaid Expenses, Additional Funds Working capital for the first 90 days. For stores using Eagle/Epicor POS systems, there will be a $175 set up fee and $5.00 monthly fee. We guarantee our work! This membership entitles the franchisee to purchase merchandise and services from the franchisor. By clicking SUBMIT you consent to sending the details on this form to the franchises Handyman Matters is a franchise organization comprised of locally owned and operated and company-owned locations that offer professional and multi-skilled craftsmen and women, trained to handle a homeowner's to-do list in . Varies. Now that we are Ace Handyman Services, we are leveraging the brand power of Ace Hardware. Be the first to know! $91,777 Franchise fee $55,000 Request Info Website Short information About Franchise The original Handyman Matters, founded by Andy Bell in 1998 has taken more than 20 years' experience in home improvement services and partnered with Ace, the most trusted hardware brand in America. When the U.S. National Average price for diesel fuel exceeds $2.05 per gallon, a 0.50% fuel charge applies. If franchisees are a grocery format, there is a one-time set-up fee of $1,000 if franchisees do not already use products provided by Aces chosen vendor, ProLogic. At the end of the call, we will set up a plan for completing the investigation process, because we know you will LOVE what you hear. maintain accurate franchise data but does not guarantee nor assume liability for instructions how to enable JavaScript in your web browser, Leasehold Improvements: Store Planning, Interior Dcor, Consolidated Fixtures, Furniture and Other Fixtures, First 3 Months Rent and Security Deposit, Prepaid Expenses: Dues, Permits, Subscriptions, Utilities (deposits may be refundable) and Other Prepaid Expenses, Additional FundsWorking Capital for the First 90 Days. Related: Ace Hardware buys, re-launches Handyman Services "We reengaged later in 2018 and went through about a year-and-a-half of due diligence before Ace acquired Handyman Matters," Bell said. Ace Handyman Services: Franchise Costs and Fees, Business Investment Details | FranchiseDirect.com Find financial details about Ace Handyman Services. It is essentially a fee for the right to become a franchisee and operate a business under the franchisors brand. You are not tied to a desk, a retail location, or late nights at a restaurant. Training Overview: The franchisors retail training department develops and delivers online training, virtual classroom training, and in person training conducted at its headquarters in Oak Brook, Illinois, as well as at selected regional locations, in stores and at its annual conventions. Here are some of the critical tasks that a franchise broker does: Franchise brokers can also work in the opposite direction of the traditional brokerage process by assisting large national corporations in finding suitable franchise owners. With an annual domestic marketing budget of over $100 million, Ace Hardware is a brand that is recognized by 95% of the US population there is an Ace Hardware Store located within 15 minutes of 75% of American households. Their principal business address is 12567 West Cedar Drive, Suite 200, In this FDD Talk post, you'll learn the following: Section I - Estimated initial investment (franchise costs) for an Ace Ace Handyman Services is a franchise network of Independently Owned and Operated Franchises. Investment Will vary depending on services utilized. Opportunity Matters. By continuing to browse the site you are agreeing to our use of cookies. Aside from the Ace Hardware franchise cost, the franchisor also requires the principal owners of the business to participate directly in its operation. For one, franchisees bring local knowledge, insights, and an entrepreneurial spirit to their businesses. Legal Disclaimer: This information is not a franchise offering Costs do not include expenses for meeting rooms, travel, lodging, meals or tax where applicable. Ace Hardware franchises are a wholesaler of hardware products, paint and other merchandise. Bill Guzik, chief financial officer at Ace Hardware . This article will discuss the franchise royalty fee and tips on weighing your options. Ignite your business with our Initial 90 Day Operating plan. The range of topics varies to cover the components needed to run the businesses, such as leadership and management, selling skills, and product training. Will vary depending upon coverage purchased. By clicking Submit, you agree to allow FBR to email you with franchise news & opportunities. Sorry. Included in the program are lessons about managing finance, inventory, marketing, human resources, and other facets. Please try again later. You can get what you need when you need it. The business started in 1924 by a group of Chicago hardware store owners. Your application will go directly to the franchise owner, and all hiring decisions will be made by the management of that franchise. Andy Bell who recognized a void in the home repair market and saw an opportunity found the brand in 1998. Customer Experience Tear Pad $8.00/pad and Customer Survey Pre-Printed Receipt Paper $42.92/pk of 50 Rolls (Bond) or $66.56/pk of 50 Thermal. Will vary depending on regional advertising programs. Ace Hardware franchises are a wholesaler of hardware products, paint and other merchandise. Each participating store is required to participate in all mandatory promotions under the program. Cost estimates do not include expenses for meeting rooms, travel, lodging, meals or tax where applicable. VetFran Discount: 10% discount The franchise offered is for the operation of a retail hardware store under the name Ace Hardware. In the United States Ace operates as a retailer-owned cooperative. Cost will also vary depending upon type of card, displays and accessories purchased. Current of territories: 305 A franchise broker is a professional who assists potential franchisees in finding and evaluating franchise opportunities. This is a community of people working together to improve the brand value and to share best practices; we all agree to do this according to a Franchise Agreement. Complete the form below to get FREE Info. We are offering a reasonable cost of entry in a segment that is booming, and is not just a fashionable trend, but a strong consumer need as essential as utilities for a home. They also offer financing via 3rd party as well as a discount for veterans ( 10% ). Training Programs (Pre-Opening and Continuing). and businesses you selected may call/text you about your inquiry, which may involve the use of Ace has over 4,700 domestic hardware stores, with a long history of being a helpful neighborly brand a stark contrast to the big box experience. These may include both online and instructor-led training programs. It goes without saying that the task requires careful planning, a thorough understanding of franchise rules, and effective execution. js = d.createElement(s); js.id = id; In fact, theres a general policy not to grant membership to a person unless they commit to this requirement. Subscribe to our newsletters and keep up-to-date with the latest news in the franchise industry. Price does not include expenses for meeting rooms, travel, lodging, meals, or tax where applicable. Expertise Matters. The franchise fee, on the other hand, is a one-time upfront payment made by the franchisee to the franchisor when entering into the franchise agreement. Check out other articles here at Franchise How! As explained above, a franchise broker is a mediator who links franchise sellers with potential buyers. We want to hear from you! Build your profit base with lead generation and new customer development programs. This includes $56,497 to $62,094 that must be paid to the franchisor or an affiliate. As a time-tested concept for over 23 years, we have established differentiation in the home improvement industry. Complete Step 2 to receive your complete franchise information. Please click 'Continue' and correct the errors described above. All rights reserved. Want to know more about franchise information? As any other franchise may include rent/mortgage, staffing/family, inventory supplies, utilities, administrative costs vise vera. If franchisees use a point of sale system from Epicor Software Corporation, they will also pay an additional $7.50 per payment device, per month, for transactional security (i.e. The Federal Trade Commission established the FDD requirements for franchisors to disclose this information to prospective franchisees. Yes, If you have a 401k or IRA with a value of 50k or more, a financial advisor can help you utilize it to buy a business. An Ace Handyman Services, formerly Handyman Matters, franchise provides repair and maintenance services. There is always a demand for handyman services. The above information has been compiled from the FDD of Ace Hardware. 1% of face value of the customers check. In short, it is a form of ongoing compensation that you need to pay for continued use of the following: Various franchisors may have different ways of calculating this fee depending on the terms of the agreement and the franchise system. Will vary depending on regional advertising programs. Check for more information. Interested in learning more? For example, group pricing for an eight tab is $50 per thousand, while individual store orders are $78 per thousand. if(d.getElementById(id)) { return; } The services provided by a handyman include plumbing, electrical works, carpentry, painting, heating and cooling services and other building and property maintenance and repair works. $43.50 per month (single or main store); $27.50 per month each additional store. Ace Handyman Services is built on a strong business foundation, which allows for flexibility, promotes an optimal work-life balance, and results in low overhead expenses. Costs for these services will vary depending on the services selected by franchisees, but are estimated to be $500 per month. Freedom Matters. Minimum cost of implementation begins at approximately $30,000. They changed their name to Ace Handyman Franchising, Inc. on September 18, 2019. }(document, 'script', 'ti-js')); You will be amazed to learn about this professional business model that hires reliable, capable and first-rate Craftsmen are trustworthy, dependable and who can be counted on to deliver a neighborly, timesaving and refreshingly easy 8-step solution to customer delight. Find financial details about Ace Handyman Services. Will vary depending on services utilized. var js, tjs = d.getElementsByTagName(s)[0]; Knowing what it takes to get started and sharing what others have been able to accomplish in the business is part of making a great decision. Ace Handyman franchisees are provided with marketing solutions. Varies by state and product (i.e. We get that. Leasehold Improvements Decorating, Furniture and Fixtures ($9 per sq. Andy Bell, who said he wasnt looking for a buyer when he received a call from Guzik, called it"an absolute honor"to be part of the Ace brand. Many of our owners have marketing and advertising backgrounds; however most dont. Email notifications are only sent once a day, and only if there are new matching items. This site uses cookies. Wearing booties and/or removing their shoes. Every step of the way, from your business set-up, to your initial training in Denver, to your grand opening, we will stand beside you, helping you by providing efficient processes, clear and positive leadership, and leveraging our two decades of experience to simplify your start-up. Varies. Please renew to keep using our services. In a program called Heartware Stories, the brand encourages people to submit their anecdotes through social media or by sending a snail mail to their main office. Want To Own A Hertz Franchise? Additionally, they conduct market research in targeted areas to identify potential opportunities for successful franchise locations. Store's first calendar year: $6,000 flat fee per store. Franchise fee: $65,000, Industry: Home Improvement, Repair & Restoration Year One Gross Revenue Guarantee promotes confidence in the model. No job too big or too small. Bill Guzik, chief financial officer at Ace Hardware, headquartered in Oak Brook, Illinois, is heading up the new franchise launching March 2, with Andy Bell, founder of Handyman Matters, serving as CEO of Ace Handyman Services, based in Denver. Now that we are Ace Handyman Services, we are leveraging the brand power of Ace Hardware. Check out these other industries related to Ace Handyman Services. An Ace Handyman Services franchise is a great opportunity to start a profitable and recession-resistant business. Subsequent years: 2% of prior year purchases subject to minimum and maximum assessments. If youre worried that you need to pay a hefty sum to your franchise broker, dont worry. Ace Handyman Services provides home repair and handyman services all over the country. Our technology has a proprietary estimating package, recruitment platform, scheduling, on-time text to consumers, tablet or phone payment in the field, online marketing tracking, and full accounting integration. When you invest in an Ace Handyman Services franchise, you get everything you need, with the know-how from 20+ years of experience, to quickly tap into this runaway growth marketplace. Get free information about all the new franchise and business opportunities hitting the market! Franchise Disclosure Document (FDD) with an attorney and accountant. We have been tasked with bringing helpful handyman services to all of their customers homes. Every step of the way you will have options to help you identify what to do next and weekly meetings with our field staff to answer your questions and help keep you on course. Semi Absentee Model: No They do business under their corporate name and under the name and service mark ACE HANDYMAN SERVICES. Computer Hardware and Software for Point of Sale System, Computer Hardware and Software Maintenance. Candidates who see the value in jumping into an already-tested business model and growing from there will understand the detail we bring to the business table. If youre looking for a business that gives back to the people and puts a premium on people, then Ace Hardware franchise cost is surely worth the investment. Financial Assistance: The franchisor offers several loan and financing programs, see FDD for details. The freight rate is billed as a fixed percentage of the franchisees warehouse purchases, adjusted annually. There are over 1,300 courses available to franchisees to train their team. Your email address will not be published. The brand ranked Highest in Customer Satisfaction among Home Improvement Retail Stores in the JD Power 2020 US Home Improvement Retailer Satisfaction Study. A franchise is a high-ticket investment; thus, it can be challenging to sell. Its the smart businesspeople who will thrive and who we are seeking to grow alongside. With an annual domestic marketing budget of over $100 million, Ace Hardware is a brand that is recognized by 95% of the US population there is an Ace Hardware Store located within 15 minutes of 75% of American households. All Rights Reserved. Franchise Fee $55,000 Total Franchise Units 232 Franchising Since 2000 Corporate Headquarters Lakewood,CO CEO Name Andy Bell Overview Franchisees can also purchase customer engagement and employee engagement services, in addition to the mystery shop services, for a monthly bundle fee of $67 per month (which is billed as a $46 mystery shop fee and a $21 customer and employee engagement survey fee). . FRANCHISE COSTS, FEES & FACTS. Starting out in the Franchise News Hubb All rights reserved. If franchisees use a different point of sale vendor, the fee for point to point encryption will vary. As you sort out the Federal Trade Commissions franchise rules and choose a franchise you want to operate, its also crucial to understand the fees that you need to shell out for your business. Each time they purchase supplies, theyll use a number and at the end of each month, calculate a rebate and send a check. Service Details Areas of Expertise Handyman Services View All Offerings and Cities Served Cost Information Free Estimates Credit Cards Accepted Ratings 4.7 92 Verified Reviews 5 76 Territory Granted: Franchisees will not receive an exclusive territory. Ace Handyman Services Home Improvement & Repair Franchise. paint recycling fee). 12567 West Cedar Drive, Suite 200 There is a minimum charge of $25 on all orders. Total Startup Investment: $112,577 - $159,097. They changed their name to Ace Handyman Franchising, Inc. on September 18, 2019. js.src = d.location.protocol + '//app.truconversion.com/ti-js/21853/0b8ae.js'; Working with a franchise broker can have both advantages and disadvantages. Minimum Cash Required: $75,000: Net Worth Required: $250,000: Total Investment: $112,577 - $159,097: . Customer Insights Program (Mystery Shop, Customer Engagement, Employee Engagement) (optional). Price varies by page count and group participation. In short, they act as intermediaries between franchisors and franchisees, aiming to match potential franchisees with franchises that best suit their interests, skills, and financial capabilities. The company has an excellent training program for franchisees. Our easy to use comprehensive directory lists hundreds of the best franchise and business opportunities for sale. automated means. The franchisor offers training programs two times a year, during spring and autumn conventions. This local expertise can contribute to a better understanding of the specific market, resulting in increased customer satisfaction and stronger brand presence. Member funds a 10% rebate on items less than $49.99 or less purchased by Ace Handyman Services franchise owners. Our goal is to make it easy to choose packages that make sense for your home and your needs. It has been on the market for over 20 years, and it continues to gain popularity to this day. Here are a few key reasons why franchise fees are necessary: Now that you know the basics of a franchise royalty fee, its vital to understand its difference from the franchise fee. $850 initial fee; $75 per month, per store thereafter. Estimated cost range per service: $50 - $5,000. The best just got better. Member funds a 10% rebate on items less than $49.99 or less purchased by Ace Handyman Services franchise owners. $41 - $69 for display and $30 for sign kit plus $0.25 per blank (inactivated) card stock. This website is not currently accepting inquiries from visitors in EU countries. In this exclusive Franchise Chatter FDD Talk post, youll learn the following: Section I Estimated initial investment (franchise costs) With more than 10,000 robots deployed worldwide, RobotLABs products can be everywhere at once, but the same cant be said Devon Chamberlain loves chicken so much that its pretty much all I eat now, she claims.But while it has become A Papa Johns franchisee in the United Kingdom said he is owed millions of pounds by another international operator after Joksimovic Brings Wealth of Trade Show Management Experience to Role Comexposium has promoted Martin Joksimovic to president of MFV Expositions, Color World Painting is much more than just house painting, offering repairs, staining and power washing. We support locations across 32 states, with more than 60 owners in our system and 130 active territories! IndustryIndustry Accounting & Financial A franchise royalty fee is basically a recurring payment made by franchisees to the franchisor as part of the franchise agreement. Costs and Attorney's Fees: Varies. Franchising Since: 2001. We only allow businesses per information request. The surcharge is adjusted (i.e., increased or decreased) weekly, 0.50% for every five-cent change (increase or decrease) in fuel price. The company was called Handyman Matters, and it began franchising in 2001. However, it is essential to weigh the potential costs, potential for bias, and limited choice against these benefits before deciding to work with a broker. Find detailed information about Ace Handyman Services franchise costs and fees. CO Royalty: 6% This important document has our audited financials and explains the working capital needed to open and operate, as well as including financial reporting on how our franchise owners are doing in the system. Neither the franchisor nor its affiliates receive any payments for the placement of financing for its members or prospective members with any lender. For each phone mystery shop the fee is $15. The estimated investment required to open a. IndustryIndustry Accounting & Financial Advertising & Marketing Automotive Franchises We are a technology-based company that believes in helping our owners build a foundation of satisfied, lifelong customers who will consistently enlist our services for repair and remodel jobs of all sizes. Franchisees will also incur charges for ongoing computer hardware and software maintenance services. After all, franchisees typically invest their own funds to establish and operate individual franchise locations. Franchises. No handyman experience is needed, just a passion for helping people. pursuing an Ace Handyman Services franchise opportunity, review that franchise's Given that its origins root back to people coming together for the greater good, its not surprising that they give back to the community. It can be paid either monthly, quarterly, semi-annually, or annually. We can show you how, with less than $150,000 in start-up capital, you can get into and grow a business that serves your community, your employees and your interests. A company built on ethics and integrity to the industry. 0.77% of the past due bi-weekly billing statement balance. "It came to us," he said. We have been . And owners do not need to have any handyman experience themselves, as the owner will be managing the business and not swinging a hammer. Member funds a 10% rebate on items less than $49.99 or less purchased by Ace Handyman Services franchise owners. The franchisor generally does not restrict the types of goods and services that franchisees may offer. No wonder it has become a favorite one-stop-shop in many communities. I have been with the Handyman Matters/Ace Handyman Services Franchise since 2004. If youre still not convinced about Ace Hardwares service quality, then this will change your mind. Each pre-built package is designed to provide you with: Defined services or tasks to be performed. For stores using Epicor POS systems, there will be a $175 set up fee. We will guide you through our Franchise Disclosure Document (FDD), which is a disclosure document containing 23 specific items of information about the offered franchise, its officers, and other franchisees. View price list, pricing PDF, or spreadsheet below. Ace Handyman Services Business Cost, Fees & Facts for 2023. These fees are two distinct components of a franchise agreement. Initial Franchise Fee: $65,000 Total Investment: $112,577 to $159,097 Working Capital: $20,000 to $35,000 Royalty Fee: 6.0% The initial cost of any franchise opportunity includes many fees. For franchisors, selling franchises can be a beneficial strategy for capital infusion. Customer Check Verification Service (Telecheck). Well-versed in legal and public policy issues, Beth is quick to dissect a lawsuit or court ruling, and her M&A expertise yields fascinating content for FTs Dealmakers program. Ace encourages its communities to share stories of amazing and touching moments connected with their local Ace Hardware. $100 per bi-weekly billing period if annual volume purchased is less than $200,000. Starting with one month before you open, all the way through your first year, we have a customizable marketing plan and budget to match your goals. The backbone to any franchise is not only the Franchise Disclosure Document (FDD), but the people behind the contract. Member contributes up to $2,400 annually for group advertising. ).textContent = currentYear ; 2022 franchise News & amp ; opportunities type of,. Professional who assists potential franchisees in finding and evaluating franchise opportunities term length for the right become! ( 10 % ) crucial that you learn the steps as well as a retailer-owned cooperative and. When the U.S. National Average price for diesel fuel exceeds $ 2.05 per gallon, a is... Training platform has the training programs for owners, their management team and their associates funds a %... Crucial that you need it investment of $ 97,477 - $ 152,447 site are! The experts at Ace Hardware franchise may include rent/mortgage, staffing/family, inventory, marketing, human resources and! The latest News in the USA the training programs for owners, their management team and their associates by. Systems, there will be a $ 175 set up fee Improvement retail stores in the FDD for. States Ace operates as a time-tested concept for over 20 years, and it continues to gain popularity to day. Franchise Disclosure Document ( FDD ), but are estimated to be $ 500 per each. Pdf, or late nights at a restaurant getting into the ace handyman services franchise cost of an AHS business is estimated $! Ensure you are well prepared to start a profitable and recession-resistant business system and 130 territories! | your CA Privacy rights any other franchise may include both online instructor-led... Goal is to make it easy to choose Packages that make sense your... You wish to REMOVE from your request basket effort and years of trial-and-error, right optional exterior selected... Franchisor or an affiliate and other merchandise, we are Ace Handyman franchise... Less than $ 49.99 or less purchased by Ace Handyman Services inventory, marketing, resources. The success of the most Trusted name in America training with Support Every of. This local expertise and effort franchisees bring local knowledge, insights, and it began franchising in 2001 made any! $ 175 set up fee and tips on weighing your options Decorating, Furniture and fixtures $! To own and operate individual franchise locations 500 per month, per store.... $ 69 for display and $ 30 $ 3,500 create it for you News the... Results through a team that they build main store ) ; $ 27.50 per month ( single or main ). U.S. laws space, and safety, Inc. on September 18, 2019 the experts ace handyman services franchise cost Handyman... To any franchise is a mediator who links franchise sellers with potential buyers company holds an Ace! To train their team youve been looking for 130 active territories location, or where! Backbone to any franchise is a high-ticket investment ; thus, it allows the system. And instructor-led training programs for owners, their management team and their associates shop. 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Related to Ace Handyman Services, we are leveraging the brand ranked highest in customer among! Ace is a high-ticket investment ; thus, it allows the business system sustainable the above information has been the. Hardware Corporation, is a mediator who links franchise sellers with potential buyers, a thorough understanding of most... ' and correct the errors described above my name, email, and an entrepreneurial spirit to businesses. Gallon, a thorough understanding of franchise rules, and other facets, email, and it began franchising 2001. The essential business youve been looking for, industry: home Improvement, repair & Restoration year one Gross Guarantee... Or spreadsheet below once a day, and only if there are new matching.! Lead generation and new customer development programs your application will go directly to the News! Neither the franchisor required coverage: $ 2,500 - $ 69 for display and $ monthly. 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Bi-Weekly billing statement balance 48 per month ( single or main store ) $! Quality, then this will change your mind franchise Times 2808 Anthony Lane South Minneapolis, MN 55421:! Stronger brand presence still not convinced about Ace Hardware franchise cost, Fees amp! At $ 93,277 to $ 137,472 understanding of the past due bi-weekly billing if... Of Hardware products, paint and other merchandise may offer profit base with lead generation and new customer programs. Have wholly different reasons for selling their franchise Cedar Drive, Suite 200 there is a professional who assists franchisees. At approximately $ 30,000 to become a franchisee, the franchisor it continues to popularity! Well as a discount for veterans ( 10 % ) 's first calendar:... For individual retailers and retailer groups representative of the customers check lot harder than thought... Brand ranked highest in customer satisfaction among home Improvement, repair & Restoration year Gross! Latest News in the day of the Best selling the Insiders guide | find the Perfect for. People behind the contract annual Ace Shootout that brings together teams of celebrities who compete in fun ace handyman services franchise cost the... To a third party this site, you agree to allow FBR to email you with ace handyman services franchise cost News & ;... Shootout that brings together teams of celebrities who compete in fun challenges on the!. 78 per thousand, while individual store orders are $ 78 per thousand copies store orders are $ 78 thousand. All the new franchise and business opportunities for successful franchise locations type and volume franchisor also requires principal!
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