Business Profile

Posted: Tuesday, January 02, 2001

Title and firm: Bobby Lowe, co-owner of Alaska Audio/Video.

Services: The company is a retailer and installer of high-end audio and video equipment including home theater and automotive stereo systems.

Biographical information: Lowe bought the company with his wife, Tyra, in March 1999 from former owner Bob Deckrosh.

"If it wasn't for him, we wouldn't be here," Lowe said.

Though only 24, this isn't Lowe's first venture into the business world. The couple bought Northern Hot Spots three and a half years ago after casually asking if it was for sale. Two days later and with the help of her parents, they were the new owners.

"We didn't know anything," he said. But they hit the books, attending seminars and trade shows to get their knowledge.

Lowe has been working since he was 14, he said. After years of taking orders from other people, thinking that his way might be better, he had a chance to prove it.

"I always wanted to be my own boss, I guess," he said.

Something similar happened with Alaska Audio/Video. After being a good customer since he was 16, Lowe and his wife asked Deckrosh about rumors of his closing the store. Deckrosh's reaction was "You're the one - you want it?" Lowe said.

Deckrosh financed the deal and a handshake sealed it, Lowe said.

"This is a lot different than a small business plan," he said.

Bobby and Tyra Lowe split the responsibilities of the two businesses. Bobby operates Alaska Audio/Video and does some of the maintenance at Northern Hot Spots while Tyra operates the tanning salon and does some of the books for the Audio/Video.

Notable: Lowe said he was only a semester away from graduating when he stopped going to college. Something had to give. He was working one full-time job, a part-time job and going to school when they bought Northern Hot Spots. His college major was business.

Quotable: "We were just in the right place at the right time," Lowe said of his business buying.

Family: Lowe is married to Tyra, 29, with son Masen, 2, and another child due in July.

Employees: Five.

Contact: 8367 Old Dairy Road, 789-4040.

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