So You Own A Gun Store

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"Maybe some video cameras - either live, or real-surplus... Just make sure they LOOK real... "

A gun store in my area has a video camera that runs 24/7.

Most customers don't notice that, when they're filling out a 4473, they're always asked to "step over here, where's there's more room."

That camera records every last person who fills out a 4473, and the tape is available to LE anytime they want it.

The store is in a bad neighborhood, and they have to cover their butts.
 
Learning Stuff

This is good stuff, guys.

Keep dishing.

There's more folks out there that I know have gun stores and/or work in them.

Hope to hear from them, too, before we're done.

Thanks for everything so far.
 
As a customer, I would have to say my biggest pet peeve about gun stores is a lack of prominent, easily read information about the guns in the display case.

Specifically, prices and model information are not displayed prominently enough. Most of you know what I'm talking about: The little hand written price/information tag that is tied to a trigger gaurd and not facing the right direction, the tiny print on the tag on a rifle along the back wall and behind the counter, etc. Makes it a pain to do comparison shopping, when you can't even see prices or model numbers without asking someone behind the counter to flip the tag over or to read off the information.

+1000

I'm one of those "do it yourself" types and don't particularly like asking for a lot of information on something. I also shop around at a few different stores prior to making a purchase. If yours does not have the price clearly listed, it more than likely will miss out on my money.

Another one: keep it clean. Your store shouldn't smell like smoke, body order, or anything else unpleasant. It also shouldn't have items caked in dust.
 
ArfinGreebly, one of my business ventures is my website. I'm on the phone pretty much every day with owners of gun stores. I always ask them how their business is going. If I get a detailed reply, I always ask them what they attribute the surge or decline in business to.

I wish I could map it out, but it just is not possible. I have a large store in southern MS on my site. They've been on the site for nearly three years. Last year, when I spoke with the manager, he said that sales were at least 40% over the prior year. Why? Because Katrina had wiped out a lot of gun stores in areas south. Same thing for business this year: they're going gangbusters.

This week I also talked to a couple of store owners in AL and AR. Their sales were down. Why? Because the temps have been over 100 degrees for weeks. Nobody wants to do anything but stay inside.

A few weeks ago, I talked with a good old boy (he likes that description of himself) down in MS. Business was bad. Why? Because the furniture companies in the area had shipped all the jobs to China.

I just added a new shop in Racine, WI to my site. His business is doing great. Why? Because the city fathers never thought they'd have to approve zoning for a gun store in the city, as the city had never had one before. And, to rub it in their faces, the owner announced a raffle for an AK-47 clone. He probably got $20K worth of advertising from that stunt. And business is very, very good.

In this case, my point is that you won't know until you dive into the deep end of the pool. I've been there myself, and the up's and down's can drive you crazy.

All of the above is my usual long-winded way of making a point. And, if you'll indulge me, I'd like to make another point about the unpredicability of business.

Well over a decade ago, the Wisconsin chain of Big Boy restaurants decided to do a promotion for their 40th anniversary. Their ad agency came up with a perfect visual: a photo from Life Magazine from the 1950's that showed a little girl in a poodle skirt trying to spin a hoola hoop. Her little panties were around her ankles. It wasn't porn. It was cute. It was funny. Or at least it was funny to the editors of Life Magazine in the 1950's.

The agency did print ads, t-shirts, menus, flyers and everything else you can think of. And they were all scheduled to hit the same day.

But a story broke that same day about some scumbags running a daycare center in CA who were molesting the children under their care.

The agency probably spent more on defensive advertising (apologizing for such bad timing) than they'd spent on a promotion that had been in the works for months.

You can plan for the best, or you can plan for the worst. If you plan for the worst, you'll never be surprised.
 
Yes, I do work in a gun store. My advice is simply to avoid stocking the
"junk guns"; like Ravens, Bryco's, Jennings, Hi-Points, Lorcins, Arminus,
FIE's, and many more that are out there. Stock only quality weapons,
with as much inventory as your cash flow will allow~! ;):cool::D

Fuel for thought: Advertising cost $$$$~! For instance, my boss wanted
to run a full page sale ad in the sports section of The Birmingham News;
loaded with bargains on firearms and equipment. The ad was to appear
on the 2nd and 3rd Sunday (August '07) newspaper. The price was to
be $1300. We maintain a billboard sign out on I-459, the price $3,000
a month. I agree, that the best method of advertising is word of mouth;
keep your customer's satisfied [and happy], and it will reap huge dividends.
 
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As someone who worked managing a gun store my advice is to NOT stock tons of exotics. Yes we'd all love to shop at a store that every maker in the market, but that will put you in the red fast. There is nothing worse then that stock of guns that sits for weeks, even months on end. Stock what sells and be willing to order for the customer. Keep track of your sales and what you are being asked about so you know what to order for future stock.
 
I own a back country gun shop in northern Alberta. Here is what I do/did.

Listen to the customer. If he asks a question answer it. If he wants something specific, deal with it.

I stock items like ammo (every grain and calibre available from 22 to 458 win mag) It might not sell right away, but it will sell. (even tho ammo is the poorest profit item)

I stock new and used guns. I dont stock left handed guns. Guys that shoot left hand usually wait 5 days for their rifle to arrive after I order it and have the 50% deposit.

I stock some magazines for common rifles. And I have some uncommon magazines too. I collect spare parts and keep them on hand.

Stock bases and rings. Bases for every rifle you can think of. They are cheap and can sit.

I have a reasonable assortment of scopes. I keep at least one of each Leupold. I have some Bushnells. I do not stock the "tactical stuff". Too expensive to keep on the shelf and only a 5 day wait to get it from the supplier. Guys that want them dont impulse buy an item like that.

Keep it simple. Fancy counters and display shelves increase your prices. Explain that to customers. Keep the place clean. Dont "tactical" the place with large signs for this or that.

Some taxidermy work is a nice touch.

Pictures of successful hunters pinned to the "wall of fame" is a nice touch.

Run the place yourself.

If a customer wants a 30-30, sell him one. Don't talk him into a 338 Lapua.

Say "I'll check on that" rather than "I dont know".

Have some cleaning supplies like bore snakes etc...lubricants degreasers.

Decide where you draw the line. Do you really want to get into parts? Are you the guy to install or repair?

If not, find a reputable gunsmith and talk to him. Ask if you can refer to him your customers. make sure he is good. If he screws up, the customer will blame you too.

Fill your coffee machine twice a day. Any more than that and you will be the owner of a Starbucks with guns.

Keep the bank out of it as much as possible. Use your profit to reinvest in your business. Be patient and let the business build itself.

Dont stock everything gun related.....you will have a store full of stuff and you will be broke. Draw the line on what you deal with.

The way to beat the "big boys" is with customer service. You might be awake at 11pm working on mounting a scope for a customer. Do it. The customer may not care, but he got what he wanted and that's what counts. And he will tell others.

Advertise as cheaply as possible. Locally, you can do business cards and nice flyers. Nationally, use the internet. Get a small site and advertise your used guns. buy a digital camera and email pics upon request.

Dont involve anyone else in your everyday business. Do your thing and leave it at the shop when you close. Your wife/girlfriend really doesnt wanna hear it. Be excited but stay in control.

Ive done it and it is a successful business. And you do make money. And if you use your head, you keep alot of it. Show your success in actions, not words. Run a good honest shop and you will have customers, make money and live well, and guys will remember you long after you are dead.

We have a large company here called Wholesale Sports. They have stores throughout Western Canada. Big place. Carry tons of stuff. And guys hate them. Why? Because their customer service is terrible. Many of their employees at the gun counter have little knowledge and those that do belittle you. And I know the manager at one of the stores and he told me "if it wasnt for profits from camping and clothing, our gun counter would perish." How can that be in Alberta???? A gun place not being successful? It's because of poor customer service. Period.

Again, keep the bank out of it. Start simple. Like a cash box instead of a $2200 cash register. Start simple.
 
Please pay someone to design you a PROFESSIONAL logo, business cards and a website.

Consumers are quite attuned to these things now, and not having a professional look is going to turn away many quality customers. People like on this forum. The folks with the money and time who haven't heard of you yet will most likely find you online, and when they bring up some 5-minute, done-by-your-6-year-old, website they are going to think "Dang, if this guy can't put together a website his store is not worth my time." Only out of shear desperation might they call you, and you certainly want to excite people a little more than that.

I do that type of thing for a living, and it really does matter and make a difference now. Maybe 10 years ago not so much, but these days you need to be slick and polished all around, there is just too much competition to ignore those public-facing facets of the business.
 
Please pay someone to design you a PROFESSIONAL logo, business cards and a website.
Big +1. Forgot all about that. I love my local store, but I hate their website. It's next to worthless with the information on it (or not on it), broken links, missing images, browser-locking, etc.
 
My biggest Pet Peeve as a Customer...

The biggest turn off I have of one gun store here is that giant sign that says 'no loaded weapons'. I know it is probably an insurance thing but it just turns me off.

I would not be offended by a sign that said, no loaded firearms are to be displayed, or something along those lines.

I find as that I frequent the other gun stores that do not discriminate against discrete concealed carry.
 
I never tried to compete with the big boys on prices you can't beat them and make a profit but customer service is where you got them by the short hairs. That doesn't mean you can't use them to your advantage.
K-mart once placed an add in the local paper advertising a sale on ammo that was below my cost, in the same add they said they would beat any advertised sale price by 10% on any item they carried in the store, so I advertised Remington and Winchester ammo for $2.00 a box any caliber subject to stock on hand no limit Monday only 9 am to 9:30 am in the shopper paper.
K-mart was sold out of ammo in less then 20 min. By the way I sold the k-mart ammo for $4.00 a box the next week.
I wouldn't have done that to a local gun store as a matter of fact competition is great for business I had a great relationship with my competition, we bought together to get volume discounts on reloading supplies for years.
You have gotten some great response from the members of the forum you should be able to use them and create a very successful business.
Good luck to you
 
What to stock? What to avoid?

Short answer ... depends you your financial resources.

Stocking 20% of the most popular products will service 80% of your customers. Start there. For long guns have at least one or two of the most common models from each of the big manufacturers. Ask anyone who comes in the door and they will know Remington, Winchester, Browning, and Ruger. Ask them about Dakota, Ed Brown, or Wilson Combat and chances are a good many of them will wonder what you’re smoking. Carry the higher-end products only if you have the money to spend on inventory that’s not going to move very fast. Caliber? For bolt guns have most of your selection in .223, 22.-250, .243, .270, .338, and 7 mag with a smattering of the “hot new” calibers if you can afford it. Keep a decent selection of scopes, too. Your largest sellers will be the bargain scopes (think “Tasco”) with the 3-9x40 Leupold, Nikon, Pentax, Burris, et al, running a close second. The mega-zoom and Hubble-objective scopes are tacti-cool and will draw wannabes like flies to honey. Make sure people can see them in the display. If money permits, maybe one or two top-end scopes just to make people drool.

Black guns are big right now. Stock them. At least three or four different brands in as many different configurations as you can afford.

Always have .22’s on hand. Three or four each of semi-auto, bolt, and single-shot.

Pistols? A den of snakes, this. You can go broke stocking every last configuration of every known pistol in every caliber from every manufacturer. For a core inventory I’d keep 1911’s in at least two or three variations each from Colt, Springfield, Kimber, Thompson, and Taurus to cover the price, quality, and option spectrum. Maybe one or two ultra-premiums like STI if money allows. Always keeps several Glocks. We may hate hearing about them but there’s no denying that they sell. I’d keep at least two or three each of both service and compact model 9’s and .40’s and at least a representative sample of as many other models as you can afford. Springfield XD’s are also big right now. Wheel guns? Small-frame revolvers, definitely, as well as several variations and brands of 4”-6” DA’s in .357. Maybe a couple of more limited sellers like a Smith X frame and a Super Blackhawk or two. At the very least these tend to be attention getters. SA handguns are always a steady seller. Keep at least one or two “real” (USFA) SAA’s on hand along with a half-dozen caliber/style clone variations. Ruger SA handguns tend to sell extremely well (at least around here). Keep at least five or six in various calibers and styles. Always keep a couple of Ruger and Browning semi-auto .22 pistols on hand.

Cleaning supplies. Have a good selection of brushes, patches, rods, and cleaners. For the price of a single gun you can almost completely stock a brush rack. A couple bottles each of the most common cleaner, along with a few specialty items, should keep you going.

Storage. Have a small selection of safes from single-gun to behemoth. Keep manufacturers’ literature with each safe and make sure the customers know that other styles, sizes, and colors are available.

How to encourage new shooters?

Three words – “Attached Indoor Range”. A clean, comfortable, well-lit range will draw more people to your store than will your inventory selection (which should still be reasonably varied and well-tended). The convenience of being able to try before you buy is a HUGE draw for new and experienced shooters alike.

How to discourage bad choices?

Experience and education. Have instructors and affordable classes available for entry-level shooters. Be sure to include a women’s only class. Have it taught by a female instructor if possible.

How to make the PR atmosphere in my local area more favorable to the idea of a gun store in the community?

Get involved in community activities. Make yourself conspicuous at things like Little League games and community fundraisers. Join a local civic club. Make small but consistent contributions to local charities. Offer free range time and ammo at cost+5% to local schools for their shooting teams. Host a “get to know your local law enforcement” kid’s day at the range. Have reps from any local, state, or national agencies in your area that can talk to the kids about what they do, and have part of the program be a “Keep Your Kids Safe Around Guns” bit and make sure the parents know they are encouraged to be a part of it.

How to advertise? Where to advertise?

Paper is okay and yellow pages are still effective, but the internet is where it’s at. If nothing else, a PROFESSIONALLY DESIGNED web page with pictures of your store, basic contact information, and maybe a weekly special or two.

Locations to avoid? Locations to prefer?

If the floor space is extraordinarily cheap, you probably don’t want it. If it’s premium, you probably can’t afford it. Some place on a main thoroughfare in a price range you can afford. And make it easy to see and find. Avoid having it stuck behind somewhere just to get a couple bucks off your rent. People won’t go someplace they can’t see or find.

Interaction with customers?

The question is self-answering. Interact with customers. When they come in at least acknowledge their presence with a “Hi, be with you in a moment.”

Features that the shop should have?

A broom, a mop, and enough floor space. I’ve seen several shops that have a ton of selection but I hated going there because it was filthy, dimly lit, and you have to step and over/around and dig through piles of disorganized and unlabeled crap in order to almost find what you want. Having a hundred organized, clean, and priced items the customer can see is far superior to having a thousand items in a pile that nobody wants to dig through.

And, for goodness sake, keep the place organized, especially the area behind the checkout counter! My local shop is nice enough and has plenty of inventory, but sometimes you wonder if they can find anything. The area behind the registers is piled several feet high with ... stuff. Magazines (both the paper reading and metal cartridge kind), guns in for repairs, parts, partial boxes of ammo, cleaning supplies, snacks, and various old bits of assorted grunginess. It’s the first thing you see when you come in, and the last thing you see when you leave. It is a disorganized mess and really detracts from the rest of the store.

Keep your storage and display cases clean and organized. And get good ones. Display cases that look like you got them from the local thrift-store (because you probably did) do nothing to enhance your image as a quality establishment. Do not allow smoking in the store or allow employees to smoke in front of the store, even if you smoke and it is allowed in your community. It makes the store stink and turns off the 60% of the buyers who don't smoke. Smoke out back.

KEEP THE FRIPPIN' RESTROOMS CLEAN!!!!! I know that people have a tendency to miss and it's a pain keeping things swabbed down, but this is important. Hire it done if necessary.

Other suggestions?

Don’t go broke trying to please everyone. You could have every model of every product from every manufacturer and someone will always want something different. Unless you have unlimited funds you should stock the most common items first, then a progressively smaller number of less common items, going as far as your money will allow. Again, stocking 20% of the most common products will service 80% of your customers. For everyone else, offer to special order for them at no additional charge (unless they want overnight delivery or something).

Brad
 
I know some people might get upset at this, but here it is:

Hire a pretty girl that likes guns, educate her well both on gun history, mechanics, and political carriage; then have her actively introduce customers to guns.

make sure your place is clean and has a bit of the feminine touch - as in clean counters, a bit of color. too many places treat guns as if they are museum showpieces - everything in the store is steel wood and glass, too damn austere.

make the place friendly, and people will be wiling to buy from you instead of bargain hunting for the rock bottom price.
 
As has been stated already, properly display information about each gun. A card attached to the trigger guard listing make, model, caliber, price, etc should be sufficient. Make sure that the card is visible. I can't remember how many times I've been looking at a handgun in a case, and the card is face down. :banghead: Little things like that are the easiest way to appear professional and competent instead of lazy and uncaring.

One of my biggest complaints as a customer is the seemingly endless supply of new shotguns, new Glocks/XDs, and new Remchestersavage rifles. These things are important to stock, but having a reasonable selection of milsurps and used guns can make impulse buying that much easier for the customer.

For example, the most expensive impulse buy I ever made at a gun store was a $275 870 and a couple boxes of birdshot. The most expensive impulse buy I ever made at a gun show (lots of varied selection) was a $300 Finn Mosin, $100 worth of surplus ammo, and a $30 set of dies for my Nagant pistol. Right there I increased my spending by 55% because you just don't see a Finn M39 in every gun store (not to mention oddball dies).

A big plus on the coffee and stool idea. I hate wandering around a store in a a silent and sterile environment while contemplating a relatively large purchase. Add some relaxed ambiance, and the thought of buying another gun doesn't seem like a test question.

As far as employees go, leave a comment card station by the door, away from the counter. If someone was harrassed or insulted by the self-proclaimed expert you hired to sell guns to new shooters, you need to know about it. They won't fill out the card if the A@@hole they are complaining about is strutting around in front of them. Giving them a chance to vent anonymously before leaving may make the difference between bad word-of-mouth and a return visit.

Those are just my ideas as a frequent customer of gun stores. I do not claim to have any experience actually running one.
 
Please pay someone to design you a PROFESSIONAL logo, business cards and a website.

Consumers are quite attuned to these things now, and not having a professional look is going to turn away many quality customers. People like on this forum. The folks with the money and time who haven't heard of you yet will most likely find you online, and when they bring up some 5-minute, done-by-your-6-year-old, website they are going to think "Dang, if this guy can't put together a website his store is not worth my time." Only out of shear desperation might they call you, and you certainly want to excite people a little more than that.

I do that type of thing for a living, and it really does matter and make a difference now. Maybe 10 years ago not so much, but these days you need to be slick and polished all around, there is just too much competition to ignore those public-facing facets of the business.

Agreed. It doesn't have to be an incredibly elaborate one, updated with every single item currently in stock. But a simple, clean and professional website that lists what sort of items you carry, a few photos of your store and your contact information will do wonders.
 
As a customer, I'd say to try and do something big for your opening, something to get you put on the map, and to get people to want to come back. Maybe something like a grand opening sale, all guns sold at cost for one day only. You'd have customers wall-to-wall if you advertize enough.

Cheap transfers are a definite plus. $30 is my upper limit, $20-25 greatly preferred. Most people will only going to go through the hassle, wait, and uncertainty of buying a gun online if it's significantly cheaper than your prices, at least 10% less. If you have a lot of people doing transfers, of guns you've got in stock, that's an indicator that either your prices are too high, or there's a lot of demand in your area for used guns, and you should try to stock used ones.

It'd also be great if you had a policy like "if we don't have it in stock, we'll get it for you at only 10% over cost." And advertize it enough so your customers will think of that, and give you a call for pricing before putting a bid on a gun online. Over time, you'd be able to get a better feel for what to keep in stock for your area, and how high to price them. I'd say something like 15% over cost for most guns that are in stock, so the 5% savings is consolation for having to wait a bit until the gun is delivered. Though of course, that will be highly dependent on the area, and your suppliers.

Be friendly to and for out-of-state purchasers. Keep a website up, that lists what you have in stock, and your prices. Keep your shipping reasonable. $20 flat rate will cover the cost of shipping almost any firearm, as long as you use your FFL's privilege and send everything Priority Mail.

The hardest part, I think, would be competing with Wal-Mart for ammo prices. You could try stocking mainly premium JHPs and other things that Wal-Fart doesn't carry, and then try to gauge how much cheaper practice stuff you'd need to keep in stock. Here anyway, the local store's prices on cheap FMJ are nearly double Wal-Mart's, but the premium JHPs are about what I see online.

Finally, sell reloading stuff! Sell components at fair prices, so that customers can load their own ammunition cheaper than they can buy it. Stock Berry's and/or Rainier plated bullets, and inexpensive lead bullets. Local place only ever has expensive jacketed bullets in stock, that are priced high enough that it costs more to reload than it does to buy ready-made, if buying everything (including brass) there. Their powder and primer prices are great, though, which is a definite plus. If you keep your hazmat item prices as low as you can, your reloading customers will love you.
 
Watch your inventory. As someone who works in the supply business I can tell you that when you are in sales, your inventory is your number 1 expense. Don't just take a complete inventory once a year, do monthly and weekly cycle counts. THis means you should have a sales program that keeps track of your inventory and lets you know things like.

- What are your fastest moving items (in other words what do you need to stock a lot of?)

- What is dead inventory (I've had this item on my shelf for 2 years and it has not moved.)

- Sets a reorder point so that when you get down to say 3 of your hottest moving items it lets you know, or automatically generates an order for more.

- It needs to pop out cycle counts on a random list of items for you to take invnetory of weekly. It won't take that long to count 20-30 items and it's worth it. You might have some shrink (missing inventory) and decide that you need to turn a display around so that you can keep your eyes on one item or more. The items you should check often are high dollar, and fast moving items, coupled with a few slow moving items.

- Finally it should keep track of who sales what. Every employee should have a log on and password so that you can see who did what sales order, and what happened in the sales order, how long they were in the sales order, etc.

It should do a lot more than that, but those are what comes to mind. Look at SAP, WebApps, or Wolf. I use SAP and it's an awesome program that has endless possibilities.

Once a year, or once a quarter (I prefer the latter) take a complete inventory of your store. Bin locate (a pre-determined code as to where the material is located S1-B0204 or row 1/rack b/shelf 2 (from the floor)/4th item from the right) you our your employees will never have to look or wonder where material goes. Your computer program should take care of this. Your inventory sheet should print out with the bin loc, and a description. No number! Employees will fudge to make it look right, have a pre-determined quantity they should be counting, or will see your over and steal.

These are just a few of my ideas on inventory. I would suggest shopping around as much as possible at other stores with a few key items in mind. Mentally note what other stores in your area are selling the item for and then write it down as soon as you can. I might think of more later but this is what comes to mind now. Sorry if it's a lot but inventory, and sales process is what I do :):rolleyes:
 
There's a ton of gun shops out there that fit the stereotypical idea of a gun shop. I think you need to try to draw in a diverse crowd, have actually friendly helpful staff, keep stuff clean. As soon as you get the unhelpful ass behind the counter, 200 assorted animal heads on the wall, the faint smell of cigarettes, and a bunch of people that turn their head when you walk in to see who interupted their gab session you've got the standard.
 
Well, I've never owned a gun shop and only frequented a few, but I have had a few marketing classes.

Shop your competition. See what they're doing. If you can do it better, great. If you can offer something they don't, even better. If they are a hunting-sporting type shop, you open a security and self-defense type shop, if you think there's a market for it.

My local shop advertises on the local talk radio show. A female voice invites listeners to come in and check out the store, sign up for classes starting soon, etc.

Make sure it's clean and well-lighted. It also helps if you don't have bars on the windows. Nothing says ghetto like bars on the windows. My LGS has steel shutters for security, that they can open during business hours While they're open they look like they might be a coffee shop from the outside.
 
I'd say something like 15% over cost for most guns that are in stock, so the 5% savings is consolation for having to wait a bit until the gun is delivered.

"Nice, well-maintained shop" and "10 or 15% over cost" don't fit in the same statement. There's simply no feasible economic way to make the numbers work. The only way to pay overhead (if possible at all) on 10% or 15% margin is to have no inventory and the owner be the only employee - manager, accountant, inventory clerk, counter jockey, and janitor. It doesn't work that way.

You either have an order-only setup with no inventory (and no overhead costs) and a low markup, or a nice, bright shop with plenty of inventory, knowldegeable employees, and sightly higher prices to cover their operating overhead.

Brad
 
Arfin--first have lots of money.

What to stock will depend a great deal on the area.

Knowledge and patience. Knowledge will come from reading a great deal--not gun rags but reference books. Before I retired I had well over 200 reference books in my store, and used them often.

An indoor range would be of great benefit, but very expensive--multiply money needs by 10.

Hopefully you are in a position where you need to take no money out of the business for at least 3 years. I would also want available capitol of at least $100,000 for a 1500 sq foot quality gun shop.

Did I mention 'have lots of money'?

Feature clean, well lite sales area, with courteous people, dressed in clean apparel. All gun handling should be above reproach. All sales people should be well trained, and must be willing and able to answer dumb questions with polite answers. No flaming, baiting, etc can be allowed.

Did I say 'start with lots of money'?

I like small town malls--if affordable. Avoid obvious dumps.

Speak at various business clubs about your store, what you teach, safety, etc.

Advertising is always a problem--you need to know what is available in your area, and where or who listens or reads the message.

Afrin, I had my own store in a small town mall for 16 years, retiring in 1998. Loved every minute of it. Good luck, George
 
Tons of good stuff has been covered. One opportunity for improvement in almost every gun store I visit seems to be geting new shooters into the game.

If I owned a store I would have a couple SCREAMING HOT "new shooter package deals" on very specific list of basic, entry level, very common, user friendly guns. Ruger 10/22s and MK2 pistols, Remington 870s or Mossberg 500s, Glock 19s or 17s. Sell a package of a gun, box of ammo, eye/ear protection, pack of targets for a $20 gross profit. If you own a range, throw in 30 minutes of free range time, and offer a discount on next 6 range visits.

I'm sure there are a few dip-poop customers who would cherry pick you on each of these deals. I think most would be customers for life if you did this right.

I see lots of new customers get "whacked" ($599 for a Glock 19 that can be had most places for $489) because they don't know any better. Some choose not to pursue the sport because of cost/hassle of entry. Sooner or later the customer you whack on a killer deal will find out/realize he overpaid. You won't see them again, or if you do, they will be cherry picking your time and prices. My $.02
 
"Nice, well-maintained shop" and "10 or 15% over cost" don't fit in the same statement. There's simply no feasible economic way to make the numbers work. The only way to pay overhead (if possible at all) on 10% or 15% margin is to have no inventory and the owner be the only employee - manager, accountant, inventory clerk, counter jockey, and janitor. It doesn't work that way.

Brad, thing is, a gun dealer likely won't make a lot over that on a gun... It's the add-ons that rack it up.

You might make $25 on a .22 target pistol, but $50 on the scope and mounts that the guy wants on it... Plus glasses, ears, etc...

Make sure there's enough light. Add a few fixtures if necessary. Have a big gooseneck magnifier on the counter - May get used a little, and promotes a "we don't have anything to hide" feeling. It's all about perceptions.

Interior signage is also good. You may not carry a Wilson pistol, or a Barrett rifle, but you can order one. Paper the bathroom walls with ads, and have any outfit's wishbook you can scrounge laying around.

Except maybe www.dillonaero.com's catalog... That might be a bit much...
 
Another suggestion: look into doing law enforcement sales.

LEO sales can insulate your business if you're in hostile, anti-gun territory.

Also, carrying LEO "tactical" gear will draw in the "tactical" crowd. And you can make a lot more profit from 5.11 or BlackHawk gear than you can from new gun sales.
 
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