Ace earns top spot among retail franchises

Ace Hardware has garnered a spot in the Top 10 franchise business opportunities in the world for 2023, according to Entrepreneur Magazine’s Franchise 500. Ace earned the top position based on its retailer support, yearly sales growth, and strong brand recognition. The retail group ranked number 12 in 2022, then climbed the list in 2023 to the seventh position out of 500 ranked franchise businesses. Both years, it took the number-one spot in the retail category.