Minden Home Hardware changing hands
|By Lisa Gervais - Editor | August 17, 2017|
After 13 years, Jodi Patterson and David Staley have decided to sell the Minden Home Hardware and retire.
In an interview with The Highlander this week, Patterson confirmed that they had sold the store with a closing date of Sept. 1.
While she declined to name the new owner, The Highlander has learned it is Dan Moulton, who already owns Home Hardware stores in Bowmanville, Alliston and Hanover. He’s been with the franchise more than five years. He did not return a phone call as of press time Wednesday.
Patterson cautioned the sale won’t be finalized for another two weeks.
She said the business was not up for sale, and never has been during their ownership, but there’s been several interested parties wanting to purchase it over the last three to four years.
“It’s in a good area. Let’s face it, Minden is growing, it’s a great spot,” she said.
The fact it was another member of the Home Hardware family that approached them, as opposed to another hardware store franchise, made it an easy decision.
Patterson said that with everything falling into place for her and Staley, when they were approached about selling, “we just said okay, sure. The offer is what we would be looking for so we just decided to go for it and retire.”
Patterson said they will be staying in Minden, and shopping locally, something that she is passionate about. She said they would also travel. It will be different, though, after having worked for 48 years.
“I’m not the type to sit still. I have a bunch of hobbies lined up, sports and charities. I’m looking forward to it … that second chapter in life. If you can retire at a fairly young age, do it.”
She said the new owner’s “got his feet wet and there’s no training involved there for him, which is kind of a good thing.”
She added that “the bonus is the staff remains the same, keep their seniority, none of them will lose any of that. The status quo for them, which is a good thing. “
She said the timing of the takeover is perfect. “We do start to slow down for winter so it’s a really good time for him to take over as we’re finishing our busy season and kind of looking for a break. It’s all going to work out.”
LISA GERVAIS is the editor for The Highlander.