From my limited understanding of his business model he bought most gear and received some discounts. Although I’m told he received bigger discounts than most of "normal" audiogoners. He then sold off the equipment after listening/reviewing the gear and made some nice profits along the way. I bet now he opens a true hi-end store but he will work out of his home, as most have theorized, in Texas. Time will tell.
Jay’s Audio Lab is shutting down
Not sure why except he says he’s getting a bigger building somewhere.