Owning A Car Audio Store

[bdawson72 5,000+ posts]

Does anyone here actually own their own Car Audio store?

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[mike75356 10+ year member]

it seems like this question is asked like 4 times a week lol. yes there are a few people that do.

 

[bumpin_blazer 5,000+ posts]

as of right now, i'm co-owner as i made an investment and paid off half the loan my buddy had friday.

 

[bdawson72 5,000+ posts]

it seems like this question is asked like 4 times a week lol. yes there are a few people that do.

oh my fault.....i just wanted 2 start 1 as soon as i get out of college.....And i was wondering what steps people had 2 take to start 1

 

[Silver 10+ year member]

I will soon be co-owner with my pops.

 

[bumpin_blazer 5,000+ posts]

oh my fault.....i just wanted 2 start 1 as soon as i get out of college.....And i was wondering what steps people had 2 take to start 1

step 1) get the loan for the place you want

step 2) get a bunch of mexican workers as they are cheapest

step 3) have a lot of connections in the audio world or get shitty gear or pricing to start

step 4) if you have no connections get some before you open, will make your life 100 times easier.

step 5) hire 1 installer if you aren't very good, or hire 1 person to work the store front if you can install as you'll have little to no money for a while after starting up.

those are a few good one's to think about.

 

[FoxPro5 5,000+ posts]

I probably sell enough gear to qualify //content.invisioncic.com/y282845/emoticons/redface.gif.62fdbfe1a101588a808c4cff71bcb942.gif

 

[bdawson72 5,000+ posts]

yea thats a thought but how would i go about getting alot of connections

 

[_DjScrew_ 5,000+ posts]

calling..

 

[MrSector9 10+ year member]

in the process of opening my own shop. hopefully it don't go under //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[bdawson72 5,000+ posts]

thats what i wuz thinkin neway.........i kno its prolly gonna be hard but oh well its what i wanna do...........how big of a loan do u think is needed 2 do something like this

 

[MrSector9 10+ year member]

amount of laon really depends on alot of factors.

what your lease/rent is like

what products you plan on carrying

how much advertising

See with mine I lucked out as I am buying out the auto seciton of an already open business. So part of my sotkc is already there, connecitons for that brand are already there.

Also depends on how many tooks/supplies you need and such.

Hopefully i will be able tog et away with around $15,000 in funding/tools. Guess it also matters on your self pay.

See in NB canada they make it kind of easier. For 45 weeks I am entitled to unemployment benefits ($500 clear every 2 weeks) while I am running my own business. Theya lso help wiht funding and help getting started/classes in accounting.

 

[bdawson72 5,000+ posts]

well im gonna get my buisness/economics degree 1st but i have a feeling its gonna be somewhere in the 40-50,000 range

 

[9512ds 5,000+ posts]

azbass owns a shop

 

[bumpin_blazer 5,000+ posts]

calling doesn't always mean you'll pick up the brand. what's also important is seeing what other's have in your city, state and close areas if you are near a state border. once me and my buddies shop get's more $ we're wanting to pick up RE as the closest RE dealer is 300 miles away in houston so even just people wanting them that live in San Antonio would go to our shop. there's a lot of work and research but it can pay off big time in the end.