Rick Hart has sold his Kitchen Headquarters (KHQ) chain less than four years after establishing retail outlet for high-end kitchen appliances.
Privately-owned Eastern States retailer Winning Group has bought the three-store chain from Mr Hart and business partner Nick Kirby for an undisclosed sum.
Mr Hart and Mr Kirby will remain in their management positions and all employees at the Osborne Park, O'Connor and Joondalup stores would retain their roles.
Mr Hart said he was proud to be joining a company that had been delivering exceptional customer service for more than 100 years and was still experiencing robust growth.
"Having worked in the appliance industry for more than 30 years, I am looking forward to joining a company that not only shares my passion for appliances, but upholds similar values and a high standard of customer service," he said.
Mr Hart opened KHQ's first store in Osborne Park in 2010. The move followed the collapse of Eastern States retailer Clive Peeters, which had bought Mr Hart's 13-store Rick Hart chain for $10.5 million in 2005.
Harvey Norman tried to revive the brand by purchasing the failed Clive Peeters assets but was forced to close or rebrand the stores in 2011.
Mr Hart had been well-known figure in the Perth retail scene since opening his first Rick Hart store, also in Osborne Park, in 1970.
Winning Group chief executive John Winning said the acquisition represented a strategic opportunity for the group to compliment and build on its current online offering in WA.
"As a group we are continuing to experience strong demand and this investment will leverage our current distribution network in WA, while also enabling our century-old bricks-and-mortar business Winning Appliances to enter the WA market," he said.
"Kitchen Headquarters is well-respected within the Australian appliance industry and its acquisition will see two like-minded Australian businesses come together to provide West Australians with the best appliance shopping experience possible."