Is it worth it financially? That depends on your finances. Its a luxury item market, people would love to have a nice car stereo, but they also have more necessary expenses such as food, rent, children, car payments, etc. Location, marketing, sales staff, installation quality, and product lines will all affect your success in this market.

I could write a book about opening a car audio shop, and the financial commitment it would take. It takes money to secure product lines since you have minimum orders and inventory required. Also dont forget the installers salary.

I planned to open my own shop, and thought long and hard about it. I scouted 2 ideal locations, studied market trends here, and talked to manufacturers and reps about acquiring product lines, talked to former shops I worked for in the area, and talked to potential staff recruits. Lets just say I was looking at a $3 million start up cost to acquire the land and build a facility on it, and acquire the product lines, inventory, staff, and proceed with other plans for the business.

I have a complete professional portfolio presentation prepared with plans and a time schedule that I have presented to banks while seeking financing. What do you think most people would say to a 3 million dollar car stereo shop?