June Cover – Murray Vaughan, Steve McCumstie & Peter Steele from Mitre 10 Kincumber

Founders of Mitre 10 Kincumber, Murray Vaughan and Steve McCumstie thank the day BBC Hardware (now Bunnings) bought the Mitre 10 store they both worked in as managers at West Gosford in 1988. Hesitant to work for a corporate however, the two mates, Central Coast locals and work colleagues used the takeover as an incentive to go into business together. Targeting the growing suburb of Kincumber, the pair and Steve’s father, Doug pooled their resources to purchase a small, rundown ‘hardware-style’ store inside Kincumber Shopping Village. Thirty years later, Mitre 10 Kincumber is one of the Group’s premier stores out of 417 nationally. Murray (now retired), Steve and incumbent Director, Peter Steele are proud to be aligned with a Group that has maintained its status as the only truly independent retail network in Australia’s hardware sector. This story explores the journey and incredible growth of a business that started cold and today employs almost 60 and continues to show significant year on year growth.