Ace Hardware Corp. at No.7 of Franchise 500

Photo by Ace Hardware

Ace Hardware Corp has placed at number 7 on Entrepreneur’s 38th annual Franchise 500 ranking, from among 988 companies.

Ace hardware and home center store in Male’ was opened on 20 December 2011, owned and managed independently by Co-Load Maldives Private Limited. Ace stores around the world come in all sizes and shapes – small, urban stores, large rural stores and everything in between. Ace stores offer a wide variety of hardware and fix-and-replace type products, as well as niche items and services relevant to the local community.

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Entrepreneur’s Franchise 500 list is provided after looking into five key factors, also known as the Five Pillars of Franchise 500. This encompasses Cost and Fees (franchise fee, total investment and royalty fees), Size and Growth (open and operating units, growth rate and closures), Support (training times, marketing support, operational support, franchisor infrastructure, financing availability and litigation), Brand Strength (social media presence, system size, years in business and years franchising) and Financial Strength and Stability (franchisors audited financial statements).

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