how did you learn all those. steps/rules of how to set up your business that way to be protected. ?? i'd like to know. a good source. to read/learn more. you got me interested....
I miss that. Man grocery stores , western auto, frm feed mill,one jr store all used to sell guns and ammo. Hell one of the old hardware stores had black powder by the lbs. And dynamite and caps and wire's for blowing stumps out of the ground and beaver dams up.
I miss going to the hardware store with my grandpa. We'd buy everything from building materials to guns and ammo. They used to sell me .22lr ammo after school when I'd stop in by myself, truly the good ol' days lol.
Ace hardware still sells ammo here in Arizona and we have a feed shop/gun shop and everything else called Cal Ranch it’s pretty cool reminds me of olden days country town feed/hardware/gun shop.
We need that freedom back, I don't care how many bodies and millions of gallons of blood it will cost, all the lives on Earth aren't worth a single man's freedom.
@@domineech There are a couple things that can really break up a friendship and that is working for the other, or going into business together. Tensions can get high and there may be disagreements. With there being the option of buying the other half, it protects you both. Also an LLC protects your property that is not business related.
@@javve03 bingo bango bongo! I've personally seen many businesses both fail and succeed only as a result of one of the partners refusing or agreeing to sell their half to the other. If it ever comes down to it, and it very likely will, the terms need to be discussed ahead of time.
A year ago I stumbled on your channel and I formed an opinion about you based on your dress. I was wrong. Your a red blooded American and a good person. Right on brother. This helped me out.
In Nj you have to have a state firearms sales license to sell in firearms. To get one you have to have a deposit on a business location. By that I mean not out of your home. You have to have a deposit on a business location and it takes several months to get one. In the meantime you have to have a business location on which you are paying rent for 3 months of more or more. This is by state admission and design to cut down on the number of gun dealers.
Even without knowing that i Cant imagine opening a firearms business in new jersey or new york city or s.f. I know new jersey restricts federally protected legal transport of firearms and doesnt allow hollow points, i can only imagine the rest of the books of gun rights restrictions they have.
When I first moved to SC, there was a strip mall near my house that had a ABC Store, law office, & gun shop as the primary tenants. I knew I was in the right place.
There's a strip mall in Spartanburg with a church, liqour store, and a tattoo parlor. Go out Saturday night get drunk, go get tattoos, pass out and pray for forgiveness in Sunday service 😂
There’s a farm and home, and another hardware store, both within 5 minutes of me, both sell guns at great prices and good selection. Central Missouri, by the Lake.
I like stores that include guns and accessories in their store. Problem is that some know their stuff about the guns and accessories but too many others have very limited knowledge of the firearms, ammo and accessories they sell and usually have little inventory or bad inventory because they don't bother to find out whats going on in the firearms world. Great information as always thanks.
2:25 Putting your thesis first: That's just what they teach you in freshmen English when writing essays. But naturally arriving at your point last is a smart, intuitive way to bypass some people's psychology defense to JUMP TO CONCLUSIONS. It's also known as the Fallacy of Dismissal: Where you dismiss the thesis before examining the argument & supporting facts. It's a common defense mechanism for sheeple: To them, if your conclusion doesn't match group-think, then it must be wrong.
For that damaged firearm bit, the FFL I used to work at had a form that people had to sign to sell us a firearm, along with a photocopy of their drivers license on the back. It pretty much waived any responsibility from the store if that gun turns out to be inoperable, and the driver's license helps track the seller down since it has their ID number on it, and we had proof of the sale with the form. If a gun was damaged or inoperable and that wasn't made clear at the time of sale, they're signed to pay for damages. The "Used Firearm Agreement" had 4 sections for up to 4 firearms, then the customer's info (name, address, DL ID #, etc) would be filled out by the employee, then the customer would print their name, their phone number, the date, and then sign.
So they tell the buyer to pound sand it’s not your responsibility but here’s his info Or You guys would personally go and track down the person and make him pay for it?
@@CRSFirearms I don't think it ever happened while I was working there, but I don't think handing a dude's info to an angry customer would be a good idea. I would suspect that we would call the seller, and if he refused we'd bring the law into the matter because we got his info and his signature on an agreement.
Bro. This is pure gold. Keep crankin’, been staying current with your content and look forward to the notifications about new vids. God bless and take care.
That’s actually a dam good point..!! Unfortunately, California doesn’t allow stores to sell guns unless it’s an actually arms store or, sporting goods store. Walmart’s in California, stopped selling guns back in 95, 96. All other retail, resale stores followed..
It’s crazy how much they mark stuff up I went to a store in Salem and they were trying to sell Fostech for 1600 it’s a 1200 rifle msrp and on classic firearms it’s like 1000 I pretty much laughed and walked out I’ve been looking into getting my ffl for a bit this helps a lot thank you for the video
Big respect on telling the truth and you pop and you are the genius to call it a recycling shop instead of gun shop. Your point on openning a gas station selling the gun really made me stop and lol.
Not based on this video, but all of your videos I have watched, You are the smartest and most clear thinking person of all the channels I follow on Utube (I can't spell)
Excellent. Vastly different than what I was expecting. Started out a little disappointing, but I am glad I watched the entire video. This is the stuff they don't teach you in Business 101. Great insight.
100% markup is standard when the public can't buy the item. I get all custom materials from a manufacturer who doesn't sell to the public. I double materials and add 600 to install the material. Takes 6-8 hours with travel time.
This is Biz 101 & applies to all types of businesses. Very common with Bars etc. all businesses have huge liabilities. If you own a construction company or a nail salon, you have risks. Workers in a Truck rear end someone, employees getting hurt, customers getting hurt etc etc etc. This has little to do with an FFL, and more with how most Valuable biz’s are owned.
This was a lot easier back when I had an FFL. It was tradition that a member of the hunt club I belonged to have one. But this was back in the early 90's. A lot of laws have changed since then.
When I was working in the Williston, ND oil patch we had a similar setup at a stop. A place called Scenic Sports. It was a a place to get fuels, food, nick nacks, camping and fishing gear, and guns. One stop shop.
Gun shops 90 percent of the time lie and don't know their ass from a hole in the ground. The guy who says you probably know more about it than i do . that person is your best bet. Love the guys who build ar15 and say it's custom charging 4 to 6 grand and when you look it all up parts cost less than 800 in parts. Top of the line and you could of built one yourself and saved thousands. That's a lot of shooting . now making custom bolt guns is different if they are making guns from scratch. Machinist/ gun smith are a dying breed. Most shops CHARGE you and send the work out they make money doing nothing but taking it to another real gun smith.
But farming out labor to subs & low quality craftsmanship are common among most industries today, not just Gunsmithing. I’m a hardcore advocate for learning to do as much as humanly possible for ourselves, but let’s be honest for a moment, shall we; without people willing to let someone else do the work, none of us would have jobs.
@@MrThedocholiday right i took my db15 and tuned it up new 24" bull target Crown barrel hole in hole now before 1 to 2" groups at 25 yrds with pencil barrel. That barrel was lose in the receiver didn't help either . I got a new blemishes receiver took old pencil barrel beded it to receive now it works great just a dab of jb wield fixed the issues. 300 to 400 dollar drop in triggers hell no i smithed my trigger group and installed Joe Bob's trigger screw same pull every guy who's shot my rifle all of them say what kind of trigger is that i love it.when i tell them stock they dont believe it so i pull pins amd show them its not hard to do dremil polish and little time . a lot of shops won't do that work they cry liability we don't do trigger work. My favorite joke when told can't or won't really let me get ya a kotex ya pussy.lmfao
"I would like to open a combination book store/gun shop" "Why?" "First you must learn to use this *taps head* then you will be taught to use this *holds up rifle*"
Unfortunately in Massachusetts you cannot have an FFL run out of your home, which defeats a lot of people prospects of running a fun side hustle. I managed to find a cheap office in a commercial building for $500 a month, I split cost between me and my friend/business partner, and now between that and wifi my over head is roughly $300 a month. The amount of paperwork and research Ive had to do is grueling, but on the bright side I only have to sell 1 gun a week in order to be profitable, and I get to test out and see cool new guns coming and going all the time.
@@noelrodriguez7480 Thanks, and yeah, dont get caught up in the grey areas like frame & receiver transfers because thats not where the money is at anyways. The risk to reward is not worth it. Theres a lot of stuff thats "not technically illegal" in MA but the problem is you dont have to break any laws to have your license taken away from you and lose all your inventory by default. If you plan on making money, and you dont have the upfront $ to have at least 20-30 guns in inventory, make sure you have a good marketing plan so people can be calling you constantly to put in orders. We are Bay State Surplus look us up wed b down to chat.
This was extremely helpful bro! I live in restrictive Connecticut where it’s getting worse & worse. I’ll pay to learn the “Aces” up your sleeve because these soccer moms out here are relentless.
Had a Class 1 dealer FFL in the 80s in my home. There were liability issues, zoning, security, etc. I gave it up. I may pay more but it is worth it to me. Most areas still require certain zoning if you sell guns now. To me spending more and going to a dealer or ordering online and paying a handling fee is worth it to me. Also nonstocking dealers pay more so you have to do a lot of business to compete.
I'm pretty impressed at the lengths you've gone to protect everything BUT there are still ways for the THEMS out in the world to try and destroy your venture. I won't mention here because I not giving anything away to petty people out there. Just think about how you set it up connected but not connected LLC but not LLC. I'll just say there is a way to go after all of you and just defending it can break the bank! I don't want you to close or change I really like everything you do. THANK AGAIN!
In the county where I live, the county imposes fees for FFLs that equal to around $4,000. The FFL is cheap but local authoritarians impose their own controls. A right infringed is a right denied.
100% mark up is pretty much standard in retail. Not so much with the actual firearms, but certainly the accessories, and much of what is purchased retail is ~100%.
@@BigJon410 overhead of a business is a big factor. a retail space rent,liability insurance, a couple of employees, government fees, etc. can mean you need to come up with 10-15k over and above what you paid for your merchandise on the shelves before you make any money personally. its not an easy thing to do most of the time.
Local jurisdication can and do add licensing costs to ffl license holder...king county and washington state adds more in fees per year than the feds do.
A breakdown of the actual process to get an ffl/sot would be amazing! I have been trying for over a year to get info on this to start my own and its hard to find straightforward steps to the process.
There is a tall list but here’s the start of the rabbit hole if you wanna to jump into it www.americanbanker.com/articles/banks-refusing-gun-industry-business-is-troubling-cfpbs-mulvaney-says
Another point about an LLC is that if you get sued, it's the LLC getting sued. They can't go after your personal assets like they could with a sole proprietorship.
Open a pawn shop and sell guns as A sideline and counter-intuitively open it in the ghetto. All the better if there is A liquor store next door NO I'M NOT KIDDING!!!! You don't get the markup on guns some of you seem to think. Glocks for instance NIB the seller is only making around 20%, estimates are A Glock costs less than $50 to actually make and distribute.
I honestly love this video. If I were to pick up the licensing and open a gun store, I would take the advice of making it a combination buisness and make it a Hardware Store that sells guns. The reason for this is I live in a very rural location that requires irrigation supplies, livestock feed, tools, and lumber. Adding guns and ammo onto that would be as traditional, down home, and American as apple pie and vanilla ice cream. Honestly, that would kinda be my dream since I want to give back to my hometown in some way.
a buddy of mine closed in his front porch and started a gun shop, he had people lining up waiting for him to open, if he had a gun you wanted, you had to buy it that day, otherwise it was GONE in a few hours... I bought several from him... He got hemmed up by going after a guy on a golf course with a 12ga. And with tears in my eyes, had to look for another shop to play in...lol I really have no point other than, you can start a shop with one showcase, a couple racks and a back room... It is a LOT of work though... the paperwork alone is ridiculous as you all know just as the consumer.
CRS Thanks, that sounds terrific cause im sick of leaving the house and looking at idiot watch me inspect my new pistol or rifle... im a private type of guy and having an FFL would be perfect, that and im old and like having stuff delivered to my front door ! :] ]
If you have an FFL, the feds are supposed to stop by and inspect your inventory and paperwork from time to time. It's a good idea to have an alternate business location rather than in your home for personal privacy.
This made things so clear! I love watching your vids bro! I want to open up a shop of my own soon. 🤞🏽. Working on getting things s figured out like how to apply properly for an FFL. Thanks to you I’m a step closer
That was a great video to show people what to do and how to do it great video great information thank you very much I always did enjoy your videos for someone that seems very young you are very smart keep up the great work
I haven't watched the whole video, so some of this may be covered but there are some "gotcha" clauses to an FFL beyond the fees. Namely, you have to have "open for business" hours, for one. There are requirements for length of time "open" and frequency. There is also record keeping, and it had better be meticulous. You have to keep or store records in perpetuity. That means FOREVER. And you are required to search the records any time the ATF requests information on a particular firearm. I used to work for a distributor and this was common. That meant rifling through a mountain of file boxes full of dusty old paper for original signatures and identities of purchasers. So, if you are honest, you have to include the cost of time/labor to satisfy these requirements also. Oh, and for the record, I used to know a pharmacy that sold guns. Get your bullets and bandages at the same time. One stop shopping.
![Noob To Max With DRAGON REWORK In Blox Fruits [FULL MOVIE]](http://i.ytimg.com/vi/LnBMOinoOvA/mqdefault.jpg)
how did you learn all those. steps/rules of how to set up your business that way to be protected. ?? i'd like to know. a good source. to read/learn more. you got me interested....
Honestly the mob
I just watched what they did yes they were criminals but they were very good business owners
They did it so well they had to invent a new law to take them down The RICO act
@@CRSFirearms ha kewl i guess i need to study them more and keep following your videos !
@@CRSFirearms My favorite part of your vids is your whiteboard & pirates knife. But it's cool to know your granma is a mobster, lol.
He’s giving a bigger lesson than a ffl. He’s telling u “control everything, own nothing” true game
That hit me on a deep level
I miss that. Man grocery stores , western auto, frm feed mill,one jr store all used to sell guns and ammo.
Hell one of the old hardware stores had black powder by the lbs. And dynamite and caps and wire's for blowing stumps out of the ground and beaver dams up.
I miss going to the hardware store with my grandpa. We'd buy everything from building materials to guns and ammo. They used to sell me .22lr ammo after school when I'd stop in by myself, truly the good ol' days lol.
Ace hardware still sells ammo here in Arizona and we have a feed shop/gun shop and everything else called Cal Ranch it’s pretty cool reminds me of olden days country town feed/hardware/gun shop.
There's still a local hardware/guns and ammo store in my town. They're not totally extinct
We need that freedom back, I don't care how many bodies and millions of gallons of blood it will cost, all the lives on Earth aren't worth a single man's freedom.
I still have a revolver that was bought in an auto parts store in 1967.
I want a nail salon gun store. Wives get nails and hair done, men shoot or buy guns.
🇺🇸
Two hot girls waiting to 💅 brought me 🍕 while X was in the nail salon she got JEALOUS when she found out 🤣
Omm I’m tryna start sum like this too hml
Ladies shoe store, with gun shop attached, and Bus lockers for her purse.
@@copcuffs9973 ==))
I've been thinking about getting an FFL for a while now and opening a store with a friend. Thank you for answering a lot of the questions I've had.
My wife's cousin has an FFL but it's also an outfitter store. This guy makes a lot of good points.
Dont go into business with a friend
Without both of you having the option to buy the other out
@@GeorgiaRidgerunner Why is that?
@@domineech There are a couple things that can really break up a friendship and that is working for the other, or going into business together. Tensions can get high and there may be disagreements. With there being the option of buying the other half, it protects you both. Also an LLC protects your property that is not business related.
@@javve03 bingo bango bongo! I've personally seen many businesses both fail and succeed only as a result of one of the partners refusing or agreeing to sell their half to the other. If it ever comes down to it, and it very likely will, the terms need to be discussed ahead of time.
What's happening, my beautiful patriotic Liberty-loving gun-selling general retail store man?
Yes I've been looking for .40 bathsalts for my 30mm crack pipe.
Lol
A year ago I stumbled on your channel and I formed an opinion about you based on your dress. I was wrong. Your a red blooded American and a good person. Right on brother. This helped me out.
It sucks that you have to feel threatened protecting and helping people. You're doing God's work man.
Thanks
Other people use laser pointers or their finger....he whips out a bowie. LOL!!!
He also uses a rusty cleaver to make a bigger point.
Haha
I think it’s delicious
@@CRSFirearms My ninja.
@@danliberty734 I have been told the rusty cleaver is no more :(
In Nj you have to have a state firearms sales license to sell in firearms. To get one you have to have a deposit on a business location. By that I mean not out of your home. You have to have a deposit on a business location and it takes several months to get one. In the meantime you have to have a business location on which you are paying rent for 3 months of more or more. This is by state admission and design to cut down on the number of gun dealers.
So you have to pay rent on a place for 3 months before you can start selling guns there ?
Sorry your state is run by commie- terrorists. Bummer. 😕
That is why some Jersey buyers cross the border into my state to buy their guns.
Sounds like 2A issue?? ... Greetings from Denmark.
Even without knowing that i Cant imagine opening a firearms business in new jersey or new york city or s.f.
I know new jersey restricts federally protected legal transport of firearms and doesnt allow hollow points, i can only imagine the rest of the books of gun rights restrictions they have.
When I first moved to SC, there was a strip mall near my house that had a ABC Store, law office, & gun shop as the primary tenants. I knew I was in the right place.
Haha right on
There's a store near where I live in upstate SC that sells ice cream, furniture and firearms. Yep. I love my state
@@brantleyhester6641 where is that? I need a new dresser and a pistol to hide in it while I eat my icecream.
@@me2bfc It's in a small town in Anderson SC
There's a strip mall in Spartanburg with a church, liqour store, and a tattoo parlor. Go out Saturday night get drunk, go get tattoos, pass out and pray for forgiveness in Sunday service 😂
I went to a town that had a grocery store that sold guns. It also sold hardware, construction and farming supplies.
Nice
The ACE Hardware near where I lived years ago sold ammo, all types. They sold some guns, but only 22s for some reason.
Name? I need to add that town to my future retirement possibilities
Was it called "WOW-MART"? hahaha
There’s a farm and home, and another hardware store, both within 5 minutes of me, both sell guns at great prices and good selection. Central Missouri, by the Lake.
This is why I love your channel, great job, thanks..
Thanks
I like stores that include guns and accessories in their store.
Problem is that some know their stuff about the guns and accessories but too many others have very limited knowledge of the firearms, ammo and accessories they sell and usually have little inventory or bad inventory because they don't bother to find out whats going on in the firearms world.
Great information as always thanks.
Best business info I’ve ever gotten from RUclips, this is gold! Thanks for sharing this!
THE BUSINESS IS INVINCIBLE.
2:25 Putting your thesis first: That's just what they teach you in freshmen English when writing essays.
But naturally arriving at your point last is a smart, intuitive way to bypass some people's psychology defense to JUMP TO CONCLUSIONS.
It's also known as the Fallacy of Dismissal: Where you dismiss the thesis before examining the argument & supporting facts.
It's a common defense mechanism for sheeple: To them, if your conclusion doesn't match group-think, then it must be wrong.
For that damaged firearm bit, the FFL I used to work at had a form that people had to sign to sell us a firearm, along with a photocopy of their drivers license on the back. It pretty much waived any responsibility from the store if that gun turns out to be inoperable, and the driver's license helps track the seller down since it has their ID number on it, and we had proof of the sale with the form. If a gun was damaged or inoperable and that wasn't made clear at the time of sale, they're signed to pay for damages. The "Used Firearm Agreement" had 4 sections for up to 4 firearms, then the customer's info (name, address, DL ID #, etc) would be filled out by the employee, then the customer would print their name, their phone number, the date, and then sign.
So they tell the buyer to pound sand it’s not your responsibility but here’s his info
Or
You guys would personally go and track down the person and make him pay for it?
@@CRSFirearms I don't think it ever happened while I was working there, but I don't think handing a dude's info to an angry customer would be a good idea. I would suspect that we would call the seller, and if he refused we'd bring the law into the matter because we got his info and his signature on an agreement.
This is a very educational video, I am thinking about opening my own "resale shop".
Nice keep me posted
My home town has a Chevron with an owner who's an ffl soo they sell guns and gas!
Nice
Robert Brock probably still makes most there money on snacks, soda, and candy.
Freedom fuel!
Bro. This is pure gold. Keep crankin’, been staying current with your content and look forward to the notifications about new vids. God bless and take care.
Will somebody please buy that Scene It game??? Please?? I am tired of seeing it on his videos. LOL
Someone should send him another copy. *insert this is getting out of hand, now there are two of them gif*
I said exact thing in a diff video
Love the clerk's reference! A gun store moive with some guys like that would be awesome!
a Jay and Silent Bob gun shop
I'm not even supposed to be here today
Call it Green&Guns
Bathroom is always occupied
That’s actually a dam good point..!! Unfortunately, California doesn’t allow stores to sell guns unless it’s an actually arms store or, sporting goods store. Walmart’s in California, stopped selling guns back in 95, 96. All other retail, resale stores followed..
It’s crazy how much they mark stuff up I went to a store in Salem and they were trying to sell Fostech for 1600 it’s a 1200 rifle msrp and on classic firearms it’s like 1000 I pretty much laughed and walked out I’ve been looking into getting my ffl for a bit this helps a lot thank you for the video
Thank you
Truth. Ive had an FFL for years.
Big respect on telling the truth and you pop and you are the genius to call it a recycling shop instead of gun shop. Your point on openning a gas station selling the gun really made me stop and lol.
Not based on this video, but all of your videos I have watched, You are the smartest and most clear thinking person of all the channels I follow on Utube (I can't spell)
Says the guy with an IQ of 94. Haha sorry dude
Excellent. Vastly different than what I was expecting. Started out a little disappointing, but I am glad I watched the entire video. This is the stuff they don't teach you in Business 101. Great insight.
Thanks
More content on overpriced suppressors!!
Overpriced? Pillows only cost like 6.99!
Actually, you can buy 1/2x28 to 3/4x16 flash hiders and go to Autozone for your suppressor. $35
I think he has a vid on making you own, inexpensively.
100% markup is standard when the public can't buy the item. I get all custom materials from a manufacturer who doesn't sell to the public. I double materials and add 600 to install the material. Takes 6-8 hours with travel time.
I love your pointers, and info homie
Thanks
This is Biz 101 & applies to all types of businesses. Very common with Bars etc. all businesses have huge liabilities.
If you own a construction company or a nail salon, you have risks.
Workers in a Truck rear end someone, employees getting hurt, customers getting hurt etc etc etc.
This has little to do with an FFL, and more with how most Valuable biz’s are owned.
This was a lot easier back when I had an FFL. It was tradition that a member of the hunt club I belonged to have one. But this was back in the early 90's. A lot of laws have changed since then.
When I was working in the Williston, ND oil patch we had a similar setup at a stop. A place called Scenic Sports. It was a a place to get fuels, food, nick nacks, camping and fishing gear, and guns. One stop shop.
Gun shops 90 percent of the time lie and don't know their ass from a hole in the ground. The guy who says you probably know more about it than i do . that person is your best bet. Love the guys who build ar15 and say it's custom charging 4 to 6 grand and when you look it all up parts cost less than 800 in parts. Top of the line and you could of built one yourself and saved thousands. That's a lot of shooting . now making custom bolt guns is different if they are making guns from scratch. Machinist/ gun smith are a dying breed. Most shops CHARGE you and send the work out they make money doing nothing but taking it to another real gun smith.
But farming out labor to subs & low quality craftsmanship are common among most industries today, not just Gunsmithing. I’m a hardcore advocate for learning to do as much as humanly possible for ourselves, but let’s be honest for a moment, shall we; without people willing to let someone else do the work, none of us would have jobs.
@@MrThedocholiday right i took my db15 and tuned it up new 24" bull target Crown barrel hole in hole now before 1 to 2" groups at 25 yrds with pencil barrel. That barrel was lose in the receiver didn't help either . I got a new blemishes receiver took old pencil barrel beded it to receive now it works great just a dab of jb wield fixed the issues. 300 to 400 dollar drop in triggers hell no i smithed my trigger group and installed Joe Bob's trigger screw same pull every guy who's shot my rifle all of them say what kind of trigger is that i love it.when i tell them stock they dont believe it so i pull pins amd show them its not hard to do dremil polish and little time . a lot of shops won't do that work they cry liability we don't do trigger work. My favorite joke when told can't or won't really let me get ya a kotex ya pussy.lmfao
I appreciate your transparency and willingness to share your experience to benefit others.
That last smartass statement you made had me laughing pretty hard!
"I would like to open a combination book store/gun shop"
"Why?"
"First you must learn to use this *taps head* then you will be taught to use this *holds up rifle*"
That's another point for you. Knowledgeable and honest.
Just go to Home Depot for your silencers. 😎
🤮
Auto parts store. Fram is high vis and textured grip to help spin it on.
You're forgetting that you're SUPPOSED to have ITAR registration to manufacture MGs, which is way more than the FFL and SOT.
Unfortunately in Massachusetts you cannot have an FFL run out of your home, which defeats a lot of people prospects of running a fun side hustle. I managed to find a cheap office in a commercial building for $500 a month, I split cost between me and my friend/business partner, and now between that and wifi my over head is roughly $300 a month. The amount of paperwork and research Ive had to do is grueling, but on the bright side I only have to sell 1 gun a week in order to be profitable, and I get to test out and see cool new guns coming and going all the time.
Congratulations, I’m trying to get my FFL in Massachusetts too, any advice?
@@noelrodriguez7480 Thanks, and yeah, dont get caught up in the grey areas like frame & receiver transfers because thats not where the money is at anyways. The risk to reward is not worth it. Theres a lot of stuff thats "not technically illegal" in MA but the problem is you dont have to break any laws to have your license taken away from you and lose all your inventory by default.
If you plan on making money, and you dont have the upfront $ to have at least 20-30 guns in inventory, make sure you have a good marketing plan so people can be calling you constantly to put in orders. We are Bay State Surplus look us up wed b down to chat.
You're super knowledgeable in your business model. Thanks for sharing the info.
Outstanding info. Never thought of most of this and I’ve wanted to get into weapons manufacture and sales for awhile
This was extremely helpful bro! I live in restrictive Connecticut where it’s getting worse & worse. I’ll pay to learn the “Aces” up your sleeve because these soccer moms out here are relentless.
Had a Class 1 dealer FFL in the 80s in my home. There were liability issues, zoning, security, etc. I gave it up. I may pay more but it is worth it to me. Most areas still require certain zoning if you sell guns now. To me spending more and going to a dealer or ordering online and paying a handling fee is worth it to me. Also nonstocking dealers pay more so you have to do a lot of business to compete.
Understandable
I'm pretty impressed at the lengths you've gone to protect everything BUT there are still ways for the THEMS out in the world to try and destroy your venture. I won't mention here because I not giving anything away to petty people out there. Just think about how you set it up connected but not connected LLC but not LLC. I'll just say there is a way to go after all of you and just defending it can break the bank! I don't want you to close or change I really like everything you do. THANK AGAIN!
Salvaging yard to recycle centre that is some 400IQ level 4D chess right there and free money too!
Just call it a sporting goods store, have a range, offer classes and open a hair/nail salon next to it.
Awesome information and advice! Thank you!
Brother, the information you put out is invaluable.
In the county where I live, the county imposes fees for FFLs that equal to around $4,000. The FFL is cheap but local authoritarians impose their own controls. A right infringed is a right denied.
Thanks for the great info. I always wondered how that works.
100% mark up is pretty much standard in retail. Not so much with the actual firearms, but certainly the accessories, and much of what is purchased retail is ~100%.
I agree it is all supply and demand. It has nothing to do with what you think is a fair price should be.
@@BigJon410 overhead of a business is a big factor. a retail space rent,liability insurance, a couple of employees, government fees, etc. can mean you need to come up with 10-15k over and above what you paid for your merchandise on the shelves before you make any money personally. its not an easy thing to do most of the time.
not sure about Re-Sale Lunch LOL
Great video.......very informative....information I needed to get my business idea started....thanks, bud...
You should do a shop tour as a video!
Very informative. I hope your business flourish and I wish you guys prosperity.
Thank you for clearing that up, good info!
Local jurisdication can and do add licensing costs to ffl license holder...king county and washington state adds more in fees per year than the feds do.
Damn
Love the layers of defense. Sun Tzu would be proud.
Thanks
Thanks CRS, dude, you're the man! Always the best info.
A breakdown of the actual process to get an ffl/sot would be amazing! I have been trying for over a year to get info on this to start my own and its hard to find straightforward steps to the process.
Next video I’m going to upload
CRS Firearms hell yes!
Outstanding. Thanks for the video.
Also, which credit card companies won't work with gun shops for reference?
There is a tall list but here’s the start of the rabbit hole if you wanna to jump into it
www.americanbanker.com/articles/banks-refusing-gun-industry-business-is-troubling-cfpbs-mulvaney-says
@@CRSFirearms I sent you an email, hadn't heard back. Is your address still good?
Mh355sc@yahoo.com
That’s my personal one
Awesome info, thanks for sharing!
Thank you
Another point about an LLC is that if you get sued, it's the LLC getting sued. They can't go after your personal assets like they could with a sole proprietorship.
Open a pawn shop and sell guns as A sideline and counter-intuitively open it in the ghetto. All the better if there is A liquor store next door NO I'M NOT KIDDING!!!! You don't get the markup on guns some of you seem to think. Glocks for instance NIB the seller is only making around 20%, estimates are A Glock costs less than $50 to actually make and distribute.
I honestly love this video. If I were to pick up the licensing and open a gun store, I would take the advice of making it a combination buisness and make it a Hardware Store that sells guns. The reason for this is I live in a very rural location that requires irrigation supplies, livestock feed, tools, and lumber. Adding guns and ammo onto that would be as traditional, down home, and American as apple pie and vanilla ice cream. Honestly, that would kinda be my dream since I want to give back to my hometown in some way.
Good video. Wear your hat like an adult
I've always heard it was like $10,000 a year to have a machinegun dealer's licence. $500 something a year....you kidding me?
Great video! Subbed. 2021 motivation!!
In New Mexico, you could drive up to the liquor store and get booze and ammo when I lived there.
Very educational video. Thank you for all the information.
Thank you
100 percent mark up on certain products is common. Gifts in a gift store, like those ceramic houses and dolls, are an example.
If you just walked into some mom and pop store to shoot your videos, and they never knew it, that would kill me! Man that made me laugh.🤣😆🤣👍
Haha right on
There is literally an Anime/comic book/ gun store for all the weabos in my town. I guess.
Excellent and informative video. Thank you for the helpful guide for those of us interested in opening our own shop!
Right on thanks
a buddy of mine closed in his front porch and started a gun shop, he had people lining up waiting for him to open, if he had a gun you wanted, you had to buy it that day, otherwise it was GONE in a few hours... I bought several from him... He got hemmed up by going after a guy on a golf course with a 12ga. And with tears in my eyes, had to look for another shop to play in...lol I really have no point other than, you can start a shop with one showcase, a couple racks and a back room... It is a LOT of work though... the paperwork alone is ridiculous as you all know just as the consumer.
Moral of the story is... "We are a resale business that happens to sell firearms" 😁 I love your videos brother keep it up ❗
Damn your fam is smart! Im a bit inspired to start with my FFL now
The sign from Clerks on the thumbnail was a nice touch.
CRS Thanks, that sounds terrific cause im sick of leaving the house and looking at idiot watch me inspect my new pistol or rifle...
im a private type of guy and having an FFL would be perfect, that and im old and like having stuff delivered to my front door ! :] ]
pretty sad we have to go through all that just to own a store ! geezus
If you have an FFL, the feds are supposed to stop by and inspect your inventory and paperwork from time to time. It's a good idea to have an alternate business location rather than in your home for personal privacy.
This made things so clear! I love watching your vids bro! I want to open up a shop of my own soon. 🤞🏽. Working on getting things s figured out like how to apply properly for an FFL. Thanks to you I’m a step closer
Thank you for this, very well done! Wish you many many years of success!
That was a great video to show people what to do and how to do it great video great information thank you very much I always did enjoy your videos for someone that seems very young you are very smart keep up the great work
That is the typical markup for retail business.
Smart business plan.
Thanks
Thank God for the truth you are spreading!! There’s no need for deception. Well said!
There was a locksmith shop in my town that also sold guns. Only issue was their store had odd hours and was VERY overpriced.
Good information for any business really. thank you.
Great vid. Please do a video going more in depth about the silencer industry.
Will do thanks
Well done sir!!! Well done!. Very impressed.
I love that pointer.
Wow. I learn something new everyday. Thanks
Hey i am really looking forward to open my own gun store in canada!! I need few details and help if you can I’ll appreciate it
I haven't watched the whole video, so some of this may be covered but there are some "gotcha" clauses to an FFL beyond the fees. Namely, you have to have "open for business" hours, for one. There are requirements for length of time "open" and frequency. There is also record keeping, and it had better be meticulous. You have to keep or store records in perpetuity. That means FOREVER. And you are required to search the records any time the ATF requests information on a particular firearm. I used to work for a distributor and this was common. That meant rifling through a mountain of file boxes full of dusty old paper for original signatures and identities of purchasers. So, if you are honest, you have to include the cost of time/labor to satisfy these requirements also.
Oh, and for the record, I used to know a pharmacy that sold guns. Get your bullets and bandages at the same time. One stop shopping.
What about ITAR? It used to be pretty expensive yearly cost... I have also heard that ITAR is only required now if exporting...?
Damn! You were on your way to a good rant when you decided you were going into the weeds and got back on track. Where's the fun in that?
Lol