KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
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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.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
Hardware Hank
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$307,000
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$2,177,000
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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:
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.
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