Pharos-Tribune

Business

July 13, 2014

Hardware store owner: After 40 years, 'it's time'

Arone's Hardware for sale after more than 70 years in business

Arone’s Hardware, a staple of life on Logansport’s south side, is up for sale.

Pat Arone, who with deceased husband Joe Arone bought the hardware store in 1975, said she’s facing facts.

“It was a very, very hard decision to make,” Arone said. “I just feel like it’s time.”

At almost 77 years old — just a few years older than Arone’s itself, which opened as Garr Hardware in 1949 — Arone hasn’t officially worked at her hardware store since the 1990s, though she says she “bops in” most days when she’s in Logansport.

Longtime Arone’s employee Jim Michael runs the place, instead. He’s been at Arone’s since day one, having been an employee of Pat Arone’s at a restaurant she owned before the Arones purchased the hardware store.

And he’s looking to retire.

“A year ago, he gave me three years,” Arone recalled. “Jim’s done a beautiful job running it for me. He turned 60 last year. He’s given me fair warning.”

Well, if you ask Michael, he remembers bringing retirement up more like two years ago. The pair began initial preparations to sell the business then, including meetings with representatives of Do-It-Best, the hardware cooperative of which Arone’s is a member.

“I’m wise enough to know that it won’t sell quickly,” Arone said.

Michael said he expects to stay on for a brief period should a new owner seek assistance in learning the ropes of the hardware business.

Arone’s is listed on BizBuySell.com for $600,000, including the inventory, real estate, and furnishings and equipment. The rental equipment stored in a warehouse across the street is part of that listing, but the warehouse there is not, the listing indicates. Neither is the discount tobacco shop located on the nearby Burlington Avenue lot Arone also owns.

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