anthonywork6727
Member
- Joined
- May 9, 2011
- Messages
- 10
So here is the story. I'm opening a gun shop and it just so happens that a local pawn shop that has been in the firearms business for over 30 years is closing its doors.
So i've been thinking about approaching this gun shop and seeing if I could "purchase" the distributor contracts from him. So here is the catch, the business owner has had some issues with the ATF ( which is partially why he is closing his doors) so I don't want to purchase the company outright ( i don't want anything to do with the legal liability)
What i was considering is some sort of profit sharing, etc in exchange for those contracts.
So my question is, can this be done? Can myself and the current owner of the business just add myself to the distributor accounts and say that we are changing business types from a pawn shop to normal retail ffl and be done with it?
Am i missing something? Or is this just a bad idea all together?
So i've been thinking about approaching this gun shop and seeing if I could "purchase" the distributor contracts from him. So here is the catch, the business owner has had some issues with the ATF ( which is partially why he is closing his doors) so I don't want to purchase the company outright ( i don't want anything to do with the legal liability)
What i was considering is some sort of profit sharing, etc in exchange for those contracts.
So my question is, can this be done? Can myself and the current owner of the business just add myself to the distributor accounts and say that we are changing business types from a pawn shop to normal retail ffl and be done with it?
Am i missing something? Or is this just a bad idea all together?