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-   -   Dreams . . . (http://www.firearmstalk.com/forums/f47/dreams-98429/)

JW357 10-10-2013 03:51 AM

Dreams . . .
 
Alright, so I have these big dreams to one day open a gun store. I have been thinking a lot about this lately. Firearms are my third biggest passion in my life (behind my family and country) and I believe I couldn't be happier in a job unless I get to work with and be around them all day. I have served my country honorably, and am still contracted until 2017 (maybe a year before that, depending on things). So I believe it might soon be time to move on.

Now, I will be stationed in San Diego soon, and I will likely ride out the rest of my term there. While there, I plan on getting my 01 FFL. I have done some preliminary research, not near enough yet, and have learned a lot of good things, especially from this very forum.

One thing I plan on doing until we are settled down in Texas (or wherever) after life in the Corps is building up my lines of credit with various distributors, essentially out of my house.

I have been thinking about it, and what I will try to do while in San Diego is set aside about $2000 for the sole purpose of building lines of credit. I will buy a couple easy to sell guns, such as Glock 19, on credit from some distributors who don't mind my not having a brick and mortar store. Within a week of receiving the firearms, I will use the $2k cash to pay off the credit. Then I can sell the guns at my leisure. When I have sold them all, I will use the money received (I plan on selling them for the same price I buy them for, plus the cost of shipping if applicable) from them to fund the next batch. I will keep doing this until we live wherever we plan on living after the Corps. Hopefully at such time I will have built up enough rapport and lines of credit with distributors that I won't have to worry too much about stocking inventory (when I have the brick and mortar store) using the business loan that I'll start out with.

I don't exactly have any specific questions, and I know there's a lot of good information and advice buried in this forum. I haven't had time to comb through it all yet. but I plan on it. Basically I'm posting to give you guys something to sit on the edge of your seat about over the next several years. I know you're all on pins and needles, just dying to know if it works out for me.

By the way, for what its worth, I have a tremendous amount of drive to make this happen. I won't allow myself to fail, and I believe that's the most important thing about running a small business. My brother has owned a car customization shop for 12 years, and I was just talking to him about this the other day. He believes the only reason his business has stayed open for the last 12 years, through two recessions, is because of his passion and drive.

Thanks for reading. Does anyone have any specific or general advice, related to being an FFL or to running a business?

Thanks.

AirCavBob 10-10-2013 02:55 PM

Good luck JW357. I hope you do well and thank you for your service! Looking forward to the responses you receive. I’m kind in a similar boat but I do have a Brick and Mortar location already. I’m really interested in how a new FFL gets in with distributors and how the lines of credit with them gets established.

JW357 10-10-2013 03:16 PM

Quote:

Originally Posted by AirCavBob (Post 1397454)
Good luck JW357. I hope you do well and thank you for your service! Looking forward to the responses you receive. Iím kind in a similar boat but I do have a Brick and Mortar location already. Iím really interested in how a new FFL gets in with distributors and how the lines of credit with them gets established.

Thanks, Bob. Best of luck to you too.

So your store isn't a firearms store? Is that accurate?

MisterMcCool 10-10-2013 05:01 PM

Are banks lending money to start a firearms store?

JW357 10-10-2013 05:11 PM

Quote:

Originally Posted by MisterMcCool (Post 1397537)
Are banks lending money to start a firearms store?

Right now, at this point in time? I have no idea.

I don't know why they wouldn't, though, on principle. Its a business just like any other. Are you referring to the shutdown?

MisterMcCool 10-10-2013 05:16 PM

No. Right after the Sandy Hook shooting, several financing companies committed to no further funding of firearms businesses.

danf_fl 10-10-2013 05:26 PM

Plan for dry times.

Pay attention to what is going on for seasons. Snowshoes are a hard sell in Florida.

If you deal in guns alone, that small pile of money will get smaller.

Polar bear firearms are rarely purchased in Florida, .270 ammo was found on the shelves at Walmart, but nothing else (except shotgun ammo).

JW357 10-10-2013 05:34 PM

Quote:

Originally Posted by MisterMcCool (Post 1397548)
No. Right after the Sandy Hook shooting, several financing companies committed to no further funding of firearms businesses.

I see. I'm sure there are some out there that haven't fallen to the liberal trap.

That's pretty sickening to me, honestly. Cutting funding for an industry which had as much to do with Sandy Hook as the moon did, IMO.

Quote:

Originally Posted by danf_fl (Post 1397555)
Plan for dry times.

Pay attention to what is going on for seasons. Snowshoes are a hard sell in Florida.

If you deal in guns alone, that small pile of money will get smaller.

Polar bear firearms are rarely purchased in Florida, .270 ammo was found on the shelves at Walmart, but nothing else (except shotgun ammo).

Thank you, good advice. It won't be strictly firearms. I will sell ammo, holsters, CCW classes, lights, lasers, and other such related items.

My idea for the store is for it to be strictly for defensive firearms and things related. For example, no hunting or competition guns. I know this will limit my market slightly but honestly that's what I know the best. And I feel like I would be able to sell it better.

Maybe in the future, when/if I expand, I'll venture into other areas of the firearms world.

danf_fl 10-10-2013 07:29 PM

Check what the local police wear on their belts.
Also, keep an eye on EMT and firefighter equipment.

Depending on location, hunting or competition could be your best customer.

Check out the local chain sports stores. Customers will ask for things the chain stores do not carry (Tripp magazines, handcuffs, etc...)
Instant market.

JW357 10-11-2013 05:58 AM

Quote:

Originally Posted by danf_fl
Check what the local police wear on their belts. Also, keep an eye on EMT and firefighter equipment. Depending on location, hunting or competition could be your best customer. Check out the local chain sports stores. Customers will ask for things the chain stores do not carry (Tripp magazines, handcuffs, etc...) Instant market.

Thanks. Once again, good advice.


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