A cabinet for retractably storing audio/video equipment is provided. The cabinet comprises a main body and a flip-up/slide-in top door adapted to rotate from a horizontal to a vertical position, and thereafter descend vertically within the main body. A support shelf is disposed within the main body and adapted to slideably vertically traverse within the main body as the top door descends. Connecting means are provided for elevating the support shelf when the top door descends within the main body.