The Range owner Chris Dawson has expressed an interest in purchasing Focus DIY, which entered into administration yesterday.
Mr Dawson, who founded the Range 22 years ago, says a deal could create more than 5,000 jobs and would help continue the chain's rapidly progressing expansion program.
Focus DIY entered administration yesterday after struggling against low consumer confidence and a weak housing transaction market. The business has 175 stores across the UK and employs 3,920 staff.
The Range currently operates from 51 stores and is estimated to be worth more than £300m, according to the company. It posted profits of £20.3m for the year to January 2010 and has previously set a target to reach 100 stores by 2015.
Mr Dawson said: "It would be a deal that would create and save jobs and help the country's economic recovery. I have a proven track record that I will do these kind of deals if people are serious and sensible."