5 Most Profitable Franchises To Buy in 2023

3. Ace Hardware Corporation

Category: Home Services

Number of Franchises: 5,555

Annual Sales: $22.38 billion

Initial Franchise Cost: $579,350 – $1,913,000

Ace Hardware Corporation is an American hardware retailers’ cooperative franchise based in Oak Brook, Illinois, United States. It is the world’s largest hardware retail cooperative, and the largest non-grocery American retail cooperative. On February 15, 2023, Ace Hardware Corporation reported record fourth quarter 2022 revenues of $2.2 billion, an increase of $124.5 million, or 6.0%, from the fourth quarter of 2021. Additionally, the company’s full year revenues came in at a record $9.2 billion, an increase of $575.6 million, or 6.7%, from 2021 revenue.