Another audio dealer closes his shop

We have a high end dealer in my town, Summit New Jersey. They have been in business for a least 25 years. I doubt they do $30K per month, but I believe they own their own real estate, which provides a huge economic support for the business. I am sure they will leave the business soon as the opportunity cost of real estate will provide more profit. Most new dealers apparently have adopted the home/business model that cuts the overhead. Years ago I did inventory financing for some New York City dealers. While it was profitable for me, the dealers in most cases did not survive, and that was before the internet.

People go into the hi end audio business with their hearts, not their heads. I am thankful for that in I don't think we would have some of the great products today if the 'head' prevailed. The Chinese have in many ways given the business a new lease on life, driving down costs of both parts and finished products. Yes, I can't wait to buy my first Chinese automobile here in the States. Of course it will be ordered on the internet and delivered to my door by UPS. No bricks and mortar needed. I will be so thankful that I don't need to visit a 'dealership', where you are always subjected to one of the most unpleasant sales experiences of life.