New Store Sells Second-Hand Tools

New Store Sells Second-Hand Tools FARM SHOP Tools 23-3-5 You can buy top-notch tools for less than you might think, thanks to a new chain of "second-hand" stores. ReTool has six stores in the Upper Midwest and plans to open 20 more in the near future. The chain sells used tools at about half the price of original cost and also sells new and refurbished tools from manufacturer close-outs. ReTool takes in used tools in three ways: Consignment (paying customers 60 percent of the sales price), cash (paying 50 percent of what tool should sell for), and trade (allowing a credit of 20 percent more than the cash value). The stores have a guaranteed buy back policy. If a tool is returned in 30 days, the store pays the customer 60 percent of the purchase price. After 60 days, it's 40 percent. ReTool began with two stores in the Detroit area. Three stores have opened in Minnesota and North Dakota recently. Two more stores will open in the Philadelphia area in late May and stores in Chicago, Atlanta, and Bakersfield, Calif., will open by mid summer. For more information, including how to open a franchise, contact: FARM SHOW Followup, ReTool, 4200 Dahlberg Drive, Minneapolis, Minn. 55422 (ph 800 645-7299 ext. 632; E-mail: cdolson@re-tool.com).

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