In 1921, the electronics industry was practically nonexistent, but that didn’t stop tech enthusiasts Milton and Theodore Deutschmann from opening up the first Radio Shack. The shop catered to ham radio users. As the industry grew, Radio Shack added more products to its inventory. In the 1950s, the company launched its own electronics line, but struggled to be profitable over the next several years. Enter Tandy Corporation, run by Charles Tandy, who bought the name in 1963. He began selling franchises under the Radio Shack name in 1968 and there are now nearly 6,000 Radio Shack stores.
Start-up Cost:$149.88K - 542.35K