HUME & Iser Home Timber and Hardware is set for a major expansion.
The family-owned company will undergo a $5 million makeover early next year which will increase its footprint by 1000 square metres.
And the business recently bought the nearby Victoria Carpets site with a long-term vision of developing the property.
Managing director Stephen Iser said the company, which started in Bendigo in 1880, was growing with the city.
“We’re putting money into expanding the business,” he said.
“Bendigo will continue to grow and get bigger in the next 20 years, and so will we.
“We’ve got 100 staff on our payroll, which is full-time, part-time and casual staff.
“Our staff numbers could double, hopefully.”
Mr Iser said the 19,900 square metre Victoria Carpets site, which was purchased through DCK real estate, had been leased back to the carpet company.
“When they’re ready, or we’re ready, we’ll develop the site into whatever we think is appropriate at the time,” he said.
“That could be our business or another business.
“The current development will complete the available land that we’ve got to expand on.
“The chance to buy Victoria Carpets came up and we thought it was a great opportunity for the future.
“That type of land and buildings don’t come up close to us very often.”
The expansion of the current site is expected to take about five months.
The business will increase its retail, hardware and garden lines with initial plans to employ six to 10 more staff.
Despite strong competition from Bunnings and Masters, Mr Iser said the family business was travelling well.
“There has been change since the introduction of Bunnings,” he said.
“But the good thing about Bunnings is they inspire the DIY market and they actually grow the market.
“If Masters come to Bendigo, they’ll probably grow the market as well.
“Hopefully that’s more of a good thing than a bad thing.”
DCK managing director Robert Ketterer said the Victoria Carpets sale was “a good thing for Bendigo”.
The carpet company recently closed its Castlemaine plant leaving more than 20 staff without jobs, and is consolidating its business to the Bendigo plant.
The business signed a 10-year lease with Hume & Iser with two five-year options for the Charleston Road site.