Create an account to access more data and download FDDs.
For more information see our plans here.

Sign up
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Upgrade to Pro to access unlimited data and FDDs. For more information see our plans here.

Upgrade to Pro

Hardware Hank

Home
Retail
Hardware

Hardware Hank

Hardware Hank Franchise FDD, Costs & Fees (2026)

Hardware Hank is a hardware retail franchise offering tools, supplies, and expert advice to DIY enthusiasts and professionals alike.

KEY FRANCHISE STATS

Franchisees

?

577
+
-4%
-4%
Franchise fee

?

n.a.
Investment

?

$307,000 - $2,177,000
Revenue (AUV)

?

Undisclosed

$0

+
n.a.
n.a.
Upgrade

Founded in 1945 in Plymouth, Minnesota, Hardware Hank is a well-established hardware retail franchise that operates under the umbrella of United Hardware Distributing Company.

Headquartered in Maple Grove, Minnesota, United Hardware evolved into a dealer-owned cooperative in 1957, allowing independent hardware store owners to benefit from shared resources while retaining operational independence.

The Hardware Hank franchise began offering membership agreements in 1954. These agreements allow retailers to purchase inventory through United Hardware on a cost-plus basis and receive year-end rebates.

Hardware Hank stores offer a wide range of products, including hand and power tools, electrical and plumbing supplies, home improvement materials, and lawn and garden equipment. Their diverse inventory caters to homeowners, DIYers, and professional contractors alike.

What sets Hardware Hank apart is its cooperative model, which supports independently owned and operated stores with centralized purchasing power, marketing programs, and access to more than 55,000 products.

Initial investment

The initial investment required for a Hardware Hank franchise is $307,000 - $2,177,000. That is the total cost you would need to finance if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Membership Fee $3,450
Equipment, Fixtures, Signage and Leasehold Improvements $80,000 - $250,000
Initial Merchandise Inventory $152,000 - $1,520,000
Purchase of Class A Shares $3,040 - $30,400
Security Deposits, Business Licenses and Other Prepaid Expenses $6,300 - $25,200
Computer and Point-of-Sale Systems $11,000 - $90,000
Insurance (First 3 Months) $1,000 - $7,500
Additional Funds - Working Capital for First 3 Months of Operation $50,000 - $250,000
Total (Excluding Real Estate Expenses) $306,790 - $2,176,550

Create a free account to access this table and more.
For more information see our plans here.

Sign up
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Type of Expenditure Amount
Initial Membership Fee $3,450
Equipment, Fixtures, Signage and Leasehold Improvements $80,000 - $250,000
Initial Merchandise Inventory $152,000 - $1,520,000
Purchase of Class A Shares $3,040 - $30,400
Security Deposits, Business Licenses and Other Prepaid Expenses $6,300 - $25,200
Computer and Point-of-Sale Systems $11,000 - $90,000
Insurance (First 3 Months) $1,000 - $7,500
Additional Funds - Working Capital for First 3 Months of Operation $50,000 - $250,000
Total (Excluding Real Estate Expenses) $306,790 - $2,176,550

Franchise Disclosure Document

Below is Hardware Hank's 2023 Franchise Disclosure Document. Upgrade to Pro or purchase the FDD to view and download the document.

Number of units

Hardware Hank had 577 total units in 2023, of which 577 were franchised-owned and 0 company-owned.

Competitors

Below are some of

Hardware Hank

key competitors in the

Hardware

sector.

Franchise
Franchisees
Royalty fee
Total investment
Revenue
Upgrade
EBITDA
Upgrade

577

New
+
-4%
-4%

n.a.

$307,000

-

$2,177,000

$0

n.a.

$xxx,xxx

n.a.

xx%

n.a.

Training

Hardware Hank provides essential training and support to ensure franchisees are equipped to run their stores effectively. Here are the core training offerings by the franchisor:

  1. Onboarding Training Program
    Franchisees are not mandated to attend a specific training program; however, they are expected to maintain the confidentiality of proprietary materials provided by United Hardware. This training support generally includes familiarization with business operations and access to resources like catalogs and printed materials.
  2. Voluntary Training and Support
    While not compulsory, United provides ongoing access to assistance and guidance in areas such as store setup, operations, and merchandising. Franchisees can leverage this support at their discretion to enhance their business performance.
  3. Trademark Licensing Training Guidance
    Franchisees granted licenses to use trademarks like Hardware Hank® receive specific guidance regarding branding and product placement. This ensures consistency across stores using United’s private label merchandise.

Territory Protection

Hardware Hank does not offer exclusive territory protection to its franchisees. The membership is granted for a specific location, but United reserves the right to operate or grant additional memberships for stores that may compete with your location.

This includes the ability to sell products under United's trademarks or through other channels such as the Internet, catalog, or direct marketing. Additionally, United may supply hardware and merchandise to non-members, including competing retailers like Trustworthy Hardware and Golden Rule Lumber Centers.

These provisions mean that franchisees may face direct competition from other United-affiliated or independent businesses, even within their immediate area. The franchisor retains broad rights to distribute products and authorize stores without territorial limitations.

Frequently Asked Questions

Competitors

Below are some of Hardware Hank's key competitors in the Hardware sector.

Hardware Hank

Franchisees

?

577
+
-4%
-4%
Investment

?

$307,000 - $2,177,000
Revenue

?

Upgrade

Woodcraft

Franchisees

?

58
+
-9%
-9%
Investment

?

$574,000 - $753,000
Revenue

?

Upgrade

Winzer

Franchisees

?

275
+
-9%
-9%
Investment

?

$6,000 - $16,000
Revenue

?

Upgrade

Snap-on Tools

Franchisees

?

3201
+
-2%
-2%
Investment

?

$222,000 - $500,000
Revenue

?

Upgrade

PowerWashStore

Franchisees

?

8
+
33%
33%
Investment

?

$115,000 - $250,000
Revenue

?

Upgrade

Metal Supermarkets

Franchisees

?

92
+
14%
14%
Investment

?

$351,000 - $613,000
Revenue

?

Upgrade

All the data you need

We're the leading database for franchise professionals

For
Franchisees
Franchisors
Investors
Franchise Consultants

Unlimited FDD access

Access our library of 5,000+ Franchise Disclosure Documents, updated every day.

Read unlimited FDDs
Download unlimited FDDs

Transparent franchise data

Analyze financial data on 2,500+ franchise brands, without diving into FDDs. Revenue, profits, growth and more.

Franchise fees
Detailed initial investment

?

Revenue
Operating Profit (EBITDA)
Sector Revenue
Sector Operating Profit

Our plans

Create a free account, or upgrade to Pro

Free
For anyone looking into franchises.
Sign up
Franchise fees

?

Franchise units & growth

?

Detailed investment costs

?

Pay $49 per FDD download

?

Free Expert consultation

?

Pro
$199 / year
Unlimited franchise data.
For franchisees, investors and more.
You're on the Free plan 🎉
Complete your upgrade now
Upgrade to Pro
Everything in Free, plus:
Read unlimited FDDs
Download unlimited FDDs
Revenue (AUV)

?

Profit margins

?

Dedicated Franchise Expert

?

Industry benchmarks

?