Opening a shop
Printed From: the12volt.com
Forum Name: Miscellaneous - Off Topic
Forum Discription: Topics that just don't fit anywhere else.
URL: https://www.the12volt.com/installbay/forum_posts.asp?tid=67345
Printed Date: May 13, 2025 at 11:33 AM
Topic: Opening a shop
Posted By: Teamrf
Subject: Opening a shop
Date Posted: November 30, 2005 at 5:34 PM
I was wanting all the info, and tips and tricks of starting a new busines in the car audio world.
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~The Rookie~
Rookie of the year that is...
Don't let the smoke out of your equiptment..it doesn't go back in.
Replies:
Posted By: forbidden
Date Posted: November 30, 2005 at 5:52 PM
Sure, buy an existing one that has established itself. I happen to know of a great one for sale right now actually. Other than that, do about 5 business plans before you progress anywhere further. If you do not have about $125,000.00 available to you, don't expect to start a business. Then you need more to subsidize the business in the first couple of years to ensure that you can grow your business. It is not hard. Most stores do not make it to year 5, most stores do not show a profit until year 3. Year 1 you will lose money unless you are a sales and service god and happen to plunk your store down in a city that was identified as a city in need. It took me watching this city for 10 years before I chose to move here and open my store. So the safe route is to buy an existing business or have a partner in it to share the risk with if opening a new one. ------------- Top Secret, I can tell you but then my wife will kill me.
Posted By: Teamrf
Date Posted: December 01, 2005 at 1:03 PM
So what if I'm just opening a small shop with just a small show room a decent size bay? I will still need 125,000 to open it?
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~The Rookie~
Rookie of the year that is...
Don't let the smoke out of your equiptment..it doesn't go back in.
Posted By: forbidden
Date Posted: December 01, 2005 at 1:22 PM
More than likely. If you want any sort of brand name line in your store, expect a minimum order of $10,000.00 per line carried. Displays to house this equipment in are not cheap either. My first 2 displays were $10,000.00. Renovations eat up a crapload of $, advertising your new shop eat up a ton of $. A fully equipped set of tools, from tablesaw to routers also is a good amount of $. What happens if all of the good lines are taken in your area by existing dealers? You need to have a product to sell, you need to find out first if product lines are available and what the buy in is going to be on the product lines. 5 lines = $50,000.00 or more.
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Top Secret, I can tell you but then my wife will kill me.
Posted By: Fastlearner
Date Posted: December 01, 2005 at 4:38 PM
Hey forbidden, you metioned you know of a shop for sale. Which one is it. ; )
Posted By: tcss
Date Posted: December 02, 2005 at 12:03 PM
Uhhh, look at the bottom of his post.
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There is no such thing as free installation!
Posted By: DYohn
Date Posted: December 02, 2005 at 3:49 PM
Fastlearner wrote:
Hey forbidden, you metioned you know of a shop for sale. Which one is it. ; )
I think it's called "Joe's House of Boom and Chinese Food To Go" in West Covina.  ------------- Support the12volt.com
Posted By: menace2sobriety
Date Posted: December 03, 2005 at 3:58 AM
if you do open up shop. call it "scammin & jammin" thats a great name is it not!
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Posted By: jlord16
Date Posted: December 13, 2005 at 12:09 AM
hahaha thats an awesome name
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Clarion DB36MP
Infinity Kappa Perfect 10"
Respone 800w Mono
ALPINE MRP-F250
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