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Value in having an FFL?

Discussion in 'General Gun Discussions' started by GlockStar, Jun 5, 2010.

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  1. GlockStar

    GlockStar Member

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  2. brboyer

    brboyer Member

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    To qualify for most FFL's you must intend to make it a business.
     
  3. GlockStar

    GlockStar Member

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    Then would it be worth it to create a small business? I could come up with something small scale enough to break even and be worth my time.
     
  4. oneounceload

    oneounceload member

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    There used to be a time when the ATF didn't care much (and neither did society) about folks and guns. I had one back in those days - we were called "kitchen table FFLs" because most business was done at that location. The license cost $10/year, and most of us had them to buy our own guns at dealer cost. Then the prices of the FFL went up, stricter regulations were implemented, and you needed to "be in the business of selling guns as a business" - put a lot of us out of business (as was the intent).

    The current requirements and paperwork are not worth the time and investment IF you only plan on doing this part time
     
  5. Sam1911

    Sam1911 Moderator

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    A couple of posts from this thread: http://www.thehighroad.org/showthread.php?t=450280


    And a few from this thread: http://www.thehighroad.org/showthread.php?t=462415

    Etc.

    YMMV, of course.
     
  6. brboyer

    brboyer Member

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    Good luck!
     
  7. Jim K

    Jim K Member

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    I agree. Even if you can do so, it is simply not worth the trouble to open a business just to get good prices on guns for yourself or to guard against some unknown future concerns. And, FWIW, I strongly recommend against running a gun business from your home, even if it is legal to do so. Aside from insurance problems, do you really want to be wakened at 3AM on opening day by some guy who wants his gun fixed NOW! Or worse, do you want your home invaded by druggies looking for guns?

    If you want to become a dealer, and do things right, welcome; we need more dealers. If you only want to buy guns for yourself and a few buddies, and shut the door on real customers, what is the point?

    A better choice might be a 03 FFL, the Curio and Relic license. You can purchase C&R items, often at dealer prices, but you don't have the hassle of being in business. Of course, you can't act like a dealer, buying and selling, but for a real collector, the C&R license is a good deal.

    Jim
     
  8. Geno

    Geno Member

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    I used to have an FFL years ago. Some businesses give a significant discount to FFLs, as in the range of 25% to 30%. Some of these companies continue honor that discount for life, even after a person decides to not renew their FFL. I still receive a significant discount from certain companies...as in 25%!

    I'm just sayin'. These companies do not publish this fact, and I cannot disclose which.

    Geno
     
  9. GlockStar

    GlockStar Member

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    Good inputs. I'll research more for sure. Thanks
     
  10. Sir Aardvark

    Sir Aardvark Member

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    A lot would depend on the State you live in.

    I had my FFL-01 in California for 6 years. By the time I gave it up in 2005, I was required to have 7 separate licenses, permits, and certificates to sell a handgun!

    The ATF makes it VERY clear that this license is intended for retail sales of firearms as a business - when you renew your licenses after 3 years they make you report to them exactly how many firearms you sold to yourself, so they do keep track of that.

    About all I can say is that selling guns in California was a pain in the rear - it may not be so bad in Colorado.
     
  11. BeerSleeper

    BeerSleeper Member

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    Is there a minimum number you have to sell?
     
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