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Started By
Message
Gun store owners, what’s it like being one?
Posted on 12/9/17 at 3:00 pm
Posted on 12/9/17 at 3:00 pm
Ive gotten really into guns lately, and I was wondering what it would be like to own and run a store. I’m sure, like any business, you’ll have you’re normal joe blows come in and look/ask for deals.
But I’m more interested in the dealing process along with being competitive with other gun stores. Also, dealing with used guns from trade ins and knowing what to give folks for them and what not.
Then there’s the cost of running a store. You have your normal necessities like electricity, water and insurance. I assume insurance it outrageous compared to a normal retail store.
I had a friend tell me that owning/running a gun store will lower your interest in firearms. Any truth to this?
But I’m more interested in the dealing process along with being competitive with other gun stores. Also, dealing with used guns from trade ins and knowing what to give folks for them and what not.
Then there’s the cost of running a store. You have your normal necessities like electricity, water and insurance. I assume insurance it outrageous compared to a normal retail store.
I had a friend tell me that owning/running a gun store will lower your interest in firearms. Any truth to this?
Posted on 12/9/17 at 3:27 pm to finchmeister08
Just buy them at the store and sell them from your pickup bed. No license hassle. Do this with NFA items especially. People are always hunting for good nfa stuff without the wait and stamps.
In all seriousness, Prop can answer this. While some here have worked at gun stores, he owns and operates one.
In all seriousness, Prop can answer this. While some here have worked at gun stores, he owns and operates one.
This post was edited on 12/9/17 at 3:29 pm
Posted on 12/9/17 at 4:23 pm to finchmeister08
It's a booming business
Posted on 12/9/17 at 4:31 pm to PT24-7
Just be aware that a lot of people are finding great deals online now, which is causing stores to close down.
Posted on 12/9/17 at 4:52 pm to finchmeister08
Very thin margins. Hard to be competitive with big box stores and online prices
Posted on 12/9/17 at 4:58 pm to finchmeister08
quote:
I had a friend tell me that owning/running a gun store will lower your interest in firearms. Any truth to this?
I don't think this is true. I am genuinely excited to go to my shop every day when I wake up. If you think it's going to be all Lord of War or War Dogs you're going to be very disappointed. You're interest in the "dealing process" makes me feel like this may be the case here. The vast majority of it is running a business and the task that come with that. I would only reccomend you doing it if you are passionate about running a business first.
Aside from that, for retail gun sales you will need a lot of capital for inventory since your product is expensive. You will be competitve with other local stores, but you will never be able to sustain a local shop competing with online prices. You're going to be thoroughly disappointed when you see the distributor price list and compare it to online deals. Those guys are either A. dropshipping, never sitting on inventory, and only charging a few bucks over distro pricing or B. they are buying large quantities of SKUs to get freebies and cost average their pricing. You'll start to understand why Jim's prices are what they are. The rerail gun sales market is very saturated so you need to find your niche. Also, make sure wherever you want to start your shop has a large enough demand to sustain it.
If you have a lot of capital to invest and running your own business is something you are passionate about then I say give it a whirl. If you just think it would be cool to embody the lifestyle of a Hollywood gun runner, I would advise not doing it.
Posted on 12/9/17 at 5:10 pm to Propagandalf
I’m not expecting it to be some kind of glorified business like the movies make it out to be. It would be a career change most definitely. I’ve heard of people doing it as a hobby to start out while keeping their day job.
Posted on 12/9/17 at 5:20 pm to finchmeister08
You’ll make your money on repairs and mods, nowadays online purchasing is king
Posted on 12/9/17 at 5:37 pm to finchmeister08
I couldn’t handle the stupidity of certain customers. I don’t mind at all folks who ask questions, but too often I overhear fellow customers trying to impress and show how smart/badass they are. I get sick of that crap in a hurry.
It happened one day at Bass Pro. After the morons left, I told the clerk that I bet he hears more bullshite than any other employee in the store. He replied, “Yes, sir.”
It happened one day at Bass Pro. After the morons left, I told the clerk that I bet he hears more bullshite than any other employee in the store. He replied, “Yes, sir.”
Posted on 12/9/17 at 5:56 pm to Twenty 49
Been in plenty of gun stores, where the clerk doesn't know much, especially about AR15's.
Last one, to his credit, was quick to admit his limited knowledge.
Owner was very knowledgeable, though.
Last one, to his credit, was quick to admit his limited knowledge.
Owner was very knowledgeable, though.
Posted on 12/9/17 at 11:07 pm to finchmeister08
You might want to wait for a “gun grabbing Democrat” to get elected president. You know, like Obama. He really snatched and seized a lot of guns!!!
Posted on 12/9/17 at 11:21 pm to finchmeister08
dont do it. in hunting/fishing stores, guns are by far the least marked up items. it's impossible to make money if you just sell guns. if you take used guns in, youll get lots of trash in there peddling shite guns trying to get twice what they're worth.
trust me, do not do it. you will get put to bed by online sites selling the same shite you have at cost with no tax. it's a hard business with the worst margins ever. you have to have some kind of manufacturing capabilities like Sulzer to even think about making money with it
trust me, do not do it. you will get put to bed by online sites selling the same shite you have at cost with no tax. it's a hard business with the worst margins ever. you have to have some kind of manufacturing capabilities like Sulzer to even think about making money with it
This post was edited on 12/9/17 at 11:26 pm
Posted on 12/10/17 at 12:07 am to Carson123987
So manufacturers like Anderson and Aero won’t give you deals for buying stripped lowers in bulk?
Posted on 12/10/17 at 11:36 am to finchmeister08
You can find Anderson lowers on sale online regularly for $29.99, which is considerably cheaper than their dealer pricing. Aero's dealer pricing is tiered and gets lower with quantity. The problem retailers have with Aero, and manufacturers with similar business models, is Aero is their dealers biggest competitor. They will under cut you on pricing without blinking an eye. So, unless you are buying at their highest quantities you won't be able to get under their pricing when they run specials and sales. If you're only going to be doing 25-50 receivers at a time you're better off just doing the transfer for the customer. This isn't unique to lowers, anything an 01 FFL can deal in is going to have paper thin margins. The market is saturated with 01 FFLs and everything is a race to the bottom on pricing. There is a saying in the FFL world, the best way to make money selling guns is to figure out something else to sell besides guns. Like Carson said, your money makers at the gun stores are the accessories, gear, or services the shop offers. Selling just guns locally could be a fun hobby, but there is a 99.99% chance it will always be a hobby for you. It's a volume game and you need a lot to make it work. An 01 FFL is only $175, if you want to try it out it's pretty cheap to get in the game and see what's up. A good collection of hobby gun dealers can be found as vendors at your local gun show. Thier pricing is what they need to charge to make it worth it operating and buying at their volume. Despite online opinion, most are not out there trying to gouge people. They want to be as competitive as possible, but they're just not able to compete on price with bigger fish. Also, notice even guys at that level will have 10s of thousands in inventory on top and under their tables.
Posted on 12/10/17 at 11:52 am to finchmeister08
If you have a lot of cash,I suggest a pawn shop that leans towards guns. Get the word out that you lend the most on guns. Put your money out there drawing incredible interest,and also get to deal in guns,ammo and such.
Posted on 12/10/17 at 1:12 pm to finchmeister08
You could do this out of your house if you honestly wanted to try it. Depending on local laws and zoning of course. Look up requirements for FFL.
Posted on 12/10/17 at 4:54 pm to finchmeister08
I once thought about getting an FFL to get wholesale prices. That dream quickly went away when I got my FFL license packet and saw it was an elbow deep anal probe.
Posted on 12/10/17 at 7:49 pm to White Bear
quote:
That dream quickly went away when I got my FFL license packet and saw it was an elbow deep anal probe.
I don't know when this was, but things seemed to have changed since then. As long as you're able to operate a business at your chosen location, the ATF "interview" is just them showing up and telling you how to fill out a 4473. Of course this varies by IOI I suppose, but it's a pretty lax process. If you can buy a gun you can get an FFL no problem.
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