Page 39 - DoitBest 2021 Report
P. 39

an overall rebranding to freshen up the exterior
                                                                     and interior.

                                                                     “The first time he shared his projections for how
                                                                     the remodel would increase gross sales, we just
                                                                     didn’t see it,” recalled Rusty. “But sure enough,
                                                                     when we remodeled, the numbers jumped right
                                                                     away — and we’re still seeing growth today. That
                                                                     was when we knew we could trust Do it Best to
                                                                     help us make the right decisions.”


                                                                     Encouraged by the success of Paola Hardware,
                                                                     the brothers worked with Do it Best to find
                                                                     opportunities to acquire additional hardware
                                                                     locations, adding another store in 2017. Two years
                                                                     later, their regular networking generated their
                                                                     largest opportunity yet.


                                                                     Jim Waters, the owner of Waters Hardware, was
                                                                     preparing for retirement and looking for someone
                                                                     to buy his seven-location business. His first call
                                                                     was to the brothers.

                In 2016, the four brothers were given the
                                                                   “When we remodeled, the numbers
                opportunity to expand into the hardware
                business. The owner of nearby Paola Hardware
                was ready to retire. Since Gerken Rent-All had      jumped right away — and we’re still
                been Paola Hardware’s largest customer for years,   seeing growth today. That was when
                he offered to sell the business to Gerken Rent-All.
                                                                    I knew I could trust Do it Best to help
                “Paola Hardware was a good fit for us,” said
                Rusty. “We were already dealing with the same       us make the right decisions.”
                customers. Both contractors and do-it-yourselfers
                were coming to us for rentals and going to Paola
                for hardware.”                                       “Jim and I spoke together often about running our
                                                                     rental businesses, and we built a relationship from
                The previous owner of Paola Hardware was
                                                                     there,” said Rusty. “I had mentioned once that if
                a Do it Best member, and it was through the
                                                                     he ever wanted to sell, we would be interested in
                acquisition that the brothers were introduced
                                                                     buying. Six months later he called me.”
                to then Territory Sales Manager Tom Hartman.
                Tom immediately set to work, bringing ideas and      The typical challenges presented by a
                advice to help them grow the Paola location,         seven-location acquisition were amplified by the
                including a major remodel to update the store.       fact that for decades, Waters Hardware had been
                Tom and the Do it Best team recommended a            the loyal member of another co-op. The brothers
                new store layout, new flooring, new lighting, and    turned to Do it Best to help with the transition.


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