San Luis Paints closed its San Luis Obispo retail store this week and consolidated operations into its larger Grover Beach shop.
“It was a really tough decision to close San Luis Obispo, but we felt it was in the best interest of the company,” said Sandy Cronin, vice president of San Luis Paints.
His family owns the company.
“The two major factors that motivated us to close were slow sales and a sluggish economy without much promise for a quick rebound. Right now, San Luis Obispo has eight different places to buy paint, most of which are large corporations,’’ Cronin said.
“By comparison, Five Cities has a much more balanced number of paint stores (less than half),’’ he added. “In addition, Grover Beach has greater sales and a higher customer count.”
Store inventory and customer records were transferred to the South County store at 592 W. Grand Ave. The company also intends to make daily deliveries for customers in San Luis Obispo and the North Coast.
Cronin declined to disclose San Luis Paint’s annual sales or profits, but noted that so far this year sales are up over the same period a year ago. The company employs six people, including the SLO store’s three employees who are relocating to the Grover Beach shop.
Looking ahead, Cronin said the biggest challenges his company faces are those that are out of its control — for example, “the housing market, the economy and an increased number of competitors. If I could improve one thing and only one thing, it would be the housing market.”