I am openning a shop. What equipment should I sell

Hi Sounds real audio,
I went down that path myself. In todays market this is a tough proposition. I knew Randy Patton, so I carried a couple of his products. PS, Meitner, I didn't pick up Threshold. I built my own speakers. I came from the old Marcof Electronics/SpeakerCraft, so I actually sold more of my speakers than anything else. I ended up branching into car audio, that helped, I then branched into home theater and Installations. I was working day and night, I finally got the shop up to a break even, but wasn't making any money. I took my share out of the business, signed it all over to my partner, took my name off of everything. They lasted another 18 months struggling the whole time.
You have to be in the right place, carrying a reasonable mix of products and be willing to do this as a passion rather than a big income.... The overhead alone makes this a tough proposition. I believe that it is possible, but with the mix of products available, there is always someone selling a great product on the internet with no overhead and willing to make minimal margins that you can't compete with.
I believe that this is still possible, but it would require a real business plan, knowing your area, knowing your competition and understanding what your customer base will be. Good Luck, Tim

Yes, SpeakerCraft, Did you know us?

Also, I'd like to second the advice in going in funded. If I had gone into business with more money, I have no doubt that success was there. Working revenue a major key. If you have a good plan, money and are willing to branch outside of just high end audio, you will have a good chance of success, Good Listening, Tim

Hi Weseixas, I don't know what you are trying to infer, but Marcof Electronics/SpeakerCraft was in Webster Groves Mo. 63119, we also made several electronics and were fairly well known in the late 70's to early 80's. Ed Martin the owner is still one of my best friends. I'm sorry if you have confused us, I've never heard of SpeakerKraft. In our latter years we were occasionally confused with the SpeakerCraft that does home theater and in walls and such.
We still have some Marcof PPA-2 moving coil Head amps, if you'd like to buy one. Good Listening , Tim

Hi Weseixas, I wasn't trying to sound offensive, I guess that I felt challanged. I want to add, that we had one of our employees branch out and became fairly popular in his own right modding amps preamps and such, he is still in our area and still modding and building his own line, his name is John Hillig. Alot of people know John and his roots came from what he learned with Ed.

Thanks Weseixas, Tim

If this works, I'd be willing to go back into business, let me know if you need a partner............ Nevermind
You have to buy all of that stuff first.....
Can you get all of your inventory on consignment?

I am in St. Louis, we actually did ok, sold 12, then Pioneer on low end, Arcam, in middle, PS Audio Plus several other things. Over all the real question is just why did we close? I had a partner, whe became less and less connected with the business, until I was doing it alone.... That can only last so long. The company was healthy enough that I pulled my investment money only out of the company, droe to the state capital and signed my interest over to my partner. Years ago, I was a CMC Stereo Store manager, after that I was doing custom speaker work, then went to work for SpeakerCraft/Marcof electronics, I later was a rep for several 12v companies, plus Sumo (at their end) Jamo, Straight Wire, PS Audio, Museatex/Meitner plus a few others. My own store was called "Sounds Right"