The terms of their business partnership were worked out nearly 30 years ago in a 10-minute conversation: Mike Nüñez, the 21-year-old, would be president, if only because he had the good fortune of no longer being underage. Harry Reynolds, Nüñez’s 16-year-old neighbor who’d been selling stereo equipment out of his bedroom at his parents’ house, would be vice president. The two analog enthusiasts named their new company “Precision Audio” and set about to get their hands on some merchandise, which, back in 1981, meant heading to Chicago for CES.
The improbability of this impossibly young, undercapitalized duo talking their way into vendor partnerships with major stereo companies is matched only by the improbability of them thriving today selling luxury and mid-range consumer electronic products and furniture in a commonwealth whose economy tanked four years ago. But Nüñez and Reynolds, co-owners of Precision Audio and Home Entertainment in San Juan, have developed unique business strategies over the years that have helped them to beat the odds.
“Mike’ll be stressed out on Tuesdays and Thursdays. I take Wednesdays and Fridays,” Reynolds laughed. “The most important thing to always remember is why we got into this business in the first place: exposing people to an experience.”