Another audio dealer closes his shop


After being in business for 35 years audio and video dealer GNP of Pasadena, California closes it's doors. The owner told me he has to sell 30k a month in goods just to break even. He says it's not worth being in business just to break even.
taters

Showing 1 response by joman

Yes, competition is ruthless. I tend to think the manufacturer is a big part of the problem as well. It is difficult to draw more people into this hobby when the price of admission becomes more costly. For example an entry level preamp is $7000. For a shrinking market it is difficult to recruit new customers with that kind of cost.