Gun Store business plan
Buying and selling guns and ammunition is one business that is highly regulated by the government of various countries. It is a fact that if you open your own gun shop, you would definitely rake in huge returns on your investment because there are only a few people who are engaged in this line of business.
This is so because the process of securing a license (Federal Firearms License – FFL) and permit to engage in this trade is demanding, and also because most countries restrict the sale of guns and ammunition to only few a people they can easily control.
The fact that people need guns for different purposes means that they look for places where they would buy guns and ammunitions. People need guns and ammunitions, for defensive purposes, for sports and for hunting. It is important to state that it is illegal to own a gun without a license in most countries of the world because of the potential danger of owning one.
Starting a gun shop is not a business that anyone just dabbles into; it definitely requires long term planning, learning the trade and a huge capital. Therefore, if you have thought through it and you know you have all it takes to start and manage a gun shop; the following sample gun shop business plan template will aid you to start from the scratch and build your business to profitability within record time:
1. Incorporate Your Business
The fact that owning a gun shop is highly regulated means that it is mandatory to incorporate your business before you can engage in the buying and selling of guns and ammunitions. So, the first thing you need to do to get started is to visit the corporate affairs commission of your country to make enquiries on all you would need to be able to successfully open a gun shop. This is necessary because the legislation for various countries differs when it comes to dealing in firearms.
2. Apply and Obtain the Required License and Permit
Starting a gun shop is one of those businesses that requires license and permits from the federal government before you are allowed to engage in the business. You must apply and obtain Federal Firearms Dealership license before you can start your own gun shop.
It is important to point to the fact that it is difficult, demanding and it takes time before you can be issued this license. Background checks, security check and other necessary screening will be conducted before you can be issued Federal Firearms License and Permits. The federal government ensures that they put all things in place to regulate this type of business.
Your choice of location for your gun shop determines how successful your business may grow. The truth is that the location you choose to open your gun shop determines if you will be issued Federal Firearms Dealership License. Government officials must first inspect your shop to be sure that it is located in a secured location before issuing you Federal Firearms License – FFL.
4. Install all Safety Mechanism in Your Gun Shop
Part of the criteria that would be used to access your readiness to successfully run a gun shop is the safety mechanism that you install in your shop. You must ensure that your guns and ammunition are not displayed in a place where anyone can easily pick them up.
Even if you are going to display them in a glass shelve, the glass shelve must be secured enough to prevent people from picking it up. There should be other safety gadget installed in your shop. The fact that gun powders are highly explosive makes it necessary to be safety conscious when running a gun and ammunition shop.