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The average investment in a True Value store works out to about a square foot for inventory. The fixtures or equipment will come in at about a square foot. The start up cost can vary by area of the country, but the average is about a square foot. The additional cost to become a True Value store can be found by contacting True Value corporate.
Ace Hardware stores
Ace Hardware is the largest hardware co-op Like True Value it offers members the capability to buy merchandise through the co-op at reduced prices and thereby make more profit from sales. They also offer the advantage of group advertising which reduces the cost of getting customers through the doors.
Group buying of the co-op saves all of the member’s money as the co-op gets better pricing due to large volume buying. This savings is then passed on to the members and allows them to make more money.
Ace Hardware Investment Structure
The Ace membership application is about 00 Initial stock ownership is another 00. Liquid capital needed to start a store is 0,000 with a loan from Ace of an additional amount of 0,000 to 0,000, which depends on the store size. The total investment is between 0,000 and one million dollars.Land and building cost are not included in this pricing.
The Ace investment numbers are based on a 12,000 square foot store. Dollar amounts are for fixtures, inventory, office equipment, computer system and operating costs.
Other factors that will help the owner
Both of these hardware operations offer the owner training and