Owning a Gun Shop

Having your own gun shop is a distinctive business but both the federal government and state laws strictly regulate it for security reasons. But what’s good about this business is that it is highly profitable.

Any person, who has a passion for guns, collects guns or joins gun shows may be the perfect owner to a gun store because you should be knowledgeable about this business to run it well.

Before you put up your business, there are necessary requirements that you should submit and follow. You have to fill out a Federal registration and follow the rules for reporting sales to the letter. This should be followed very strictly as all those who obtain guns should be listed and must acquire licenses. Local laws and city rules must be obeyed and enforced, as well. Once these are all complied, you may start your business right away.

Even a small shop is profitable because aside from selling a wide array of guns and ammunition, you can also offer gun repair services and gun accessories. And the best thing about this is that you can put up your business just about anywhere.

When buying your stocks, you should contact some of the most reputable manufacturers. The more knowledgeable you are about the guns you sell and their availability, the more gun enthusiasts will frequent your store. Customers usually ask a lot of questions regarding guns and you should be able to satisfy their queries. Knowing how to answer your customers is very big factor.

The other great responsibility owners hold is that they should be very careful as to whom they will sell a gun to, as they want to do right by their customers. It is a standard operating procedure to see legal proof of the identity of the person who wants to purchase a firearm and in some states you can also ask the buyer to show either state or locally issued proof that the buyer is authorized to buy a firearm. Upon purchase, ask the buyer to show photo ID and fill out Form 4473 needed by the Bureau of Alcohol, Tobacco, Firearms and Explosives. Depending on what firearm you are going to buy, the dealer will tell you when to come back to finish processing your paperwork. Once the sale has been cleared, that is the only time that the firearm will be released to the buyer.

It is also very important to purchase a security system for your store – be cautious at all times. You are dealing with deadly weapons and your wariness is needed.