The BigHorn stores in Summit County are closed after 28 years. In 1984 Betsy and I purchased a small lumberyard in Frisco which we named BigHorn Materials. That grew and we built the BigHorn Center in the late 1990s to which the businesses relocated and joined the ACE Hardware coop. Continued growth included paint stores in Frisco and Breckenridge, the partnership EcoAsis store in Breck, the Smith and Hawken store in Silverthorne and BigHorn Interiors and Design in Silverthorne. At our peak, there were 68 people on the BigHorn staff.
The closing was due to a number of factors. We translate projected revenues and expenses into a level of business risk. Now five years into this recession, we do not see a short-term recovery to sustainable business levels with our overhead structure. The number of building permits continues low compared to a few years ago. On the expense side, it appears that costs of doing business will increase over the next few years. These considerations and the opening of Lowe's, a direct competitor, raised the level of risk beyond what we were willing to absorb.
There are many great memories of those 28 years. It was our honor and pleasure to serve the Summit County community. We appreciate the staff of people who worked for the BigHorn stores over those years and the many customers who appreciated our services. And, we thank the dozens of Summit County businesses that served the BigHorn Stores. Betsy and I own the TrueValue Hardware store in Leadville and more of our time will now be directed to its growth. Thanks Summit County.