1 / 33

Owned by Carl Wilkinson

Owned by Carl Wilkinson. Owned by Carl Wilkinson IV. Nature Of Business. Ownership and Licenses. It is a start-up business at a freestanding building The ownership is a S-cooperation Limited liability Will need a Federal Firearms License Business license Retail License.

hamlet
Download Presentation

Owned by Carl Wilkinson

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Owned by Carl Wilkinson Owned by Carl Wilkinson IV

  2. Nature Of Business

  3. Ownership and Licenses • It is a start-up business at a freestanding building • The ownership is a S-cooperation • Limited liability • Will need a Federal Firearms License • Business license • Retail License

  4. APPLICATION FOR A PENNSYLVANIA LICENSE TO SELL FIREARMS Fee for License : $200 Good for 3 years http://www.atf.gov/forms/download/atf-f-5310-12.pdf

  5. Hours • Monday-Friday: 9 a.m. to 8 p.m. • Saturday: 9 a.m. to 5 p.m. • Sunday: Closed • Holidays: Closed • Compete with competitors

  6. Business Description • Retail and Service store • sell firearms and restore old or broken Firearms • Allow test firing of firearms

  7. Business Mission • Sell Firearms , Accessories, Ammunition • Restore old firearms • Educate people about firearms

  8. What we sell • Rifles • Shotguns • Pistols • Air soft Guns • Paintball guns • Crossbows • Accessories • Restoration services • Range to test fire weapons • Hunting and fishing Licenses • Co2 filling station

  9. Consultants needed • Lawyer • Accountant • Insurance agent

  10. https://www.showcase.com/property/5439-Babcock-Boulevard/Pittsburgh/Pennsylvania/69742https://www.showcase.com/property/5439-Babcock-Boulevard/Pittsburgh/Pennsylvania/69742 • $16/SF for each Year • $16* 2,700 SF = $43,200 for the whole year • $3,600 per month • Term:1-20 yrs Visibility to main road.

  11. Layout Of the store

  12. Organization Plan

  13. Why I will be successful • Bachelor Degree in Business • Knowledgeable about firearms • hunter and gun collector • There is a demand for guns and restoration services

  14. Employees needed • Sales representatives # needed: 2 • Sell firearms and accessories • Keep store clean and organized • Help customers on Firing Range • Restoration worker # needed: 1 • Fix broken Firearms • Restore older Firearms • Give advice on how to maintain Firearms

  15. Job Specification Form Company: Gunsmoke Rate of Pay: $7.25-$8.25 Job title: Sales Rep. Supervisor: Carl Wilkinson (owner) Qualifications Education: Hunters Safety course, high school diploma, Firearms Safety Course Experience: Hunter (not required), previous job in sales (not required) Skills: Know how to work some firearms, Salesmanship Training Provided: Will teach: How to sell firearms, Teach about Firearms in Stock, Range safety through courses and shadowing Job Responsibilities Main Job: Sell Firearms and accessories Other Duties: • Keep store clean and organized • Help customers on Firing Range • Bore-sight firearms Number of Work Hours per Week: Minimum: 30 Hours Maximum: 40 Hours Work Schedule • Mon- Fri: 5-7 Hours per week 9 a.m. to 8 p.m. • Sat: 9 a.m. to 5 p.m. • Sun: Closed Weekly: 30-40 Hours per week

  16. Monthly Wages • Sales Reps (2): • $7.25/hr • $1,700/ Month • For Both : $3,400 • Restoration Worker: • $25/hr • $2,500/ Month • Total Monthly Wages: $4,200

  17. Hiring Process • Local Ranges, Colleges, High Schools • Review Applications • Interview Potential employees • Background/Drug test • Hire

  18. Marketing

  19. Pricing Strategy • Cost Plus Pricing • Makes price reasonable • still gives a profit • Security of higher prices

  20. Potential Customers Age: 25-40 Gender: Male Socio-economic: Middle to Upper class Ethnic: White Allegheny county

  21. How will people see My business • Good quality Items=higher prices • more knowledge on products then competitors • Friendly workers

  22. Competitors • Dunham's- Firearms, Accessories, Ammunition • No Firing Range, decent quality • Dicks- Firearms, Accessories, Ammunition • No Firing Range, Higher prices • Wal-Mart- Air soft and Paintball guns, and supplies • Low Quality, No range • Online Retail Stores- Firearms, accessories • Cant Test, don’t know until you get it, shipping

  23. Grand Opening • Flyers passed out to local Schools, shooting ranges • Uncover Billboard • Giveaway of 1 Rifle and 1 shotgun (Raffle) • Local Radio station (Y108)

  24. Come visit us at:5439-Babcock Boulevard, Babcock Square or call: 412-587-48671 • Billboard

  25. Now opening! • GunSmoke: Shop, Range Restoration • We offer • Quality Firearms and accessories • A private range • Co2 Filling station • Hunting and Fishing Licenses • Restoration services • And much more • Call us at • 412-587-GUNS(4867) • Or visit us at • 5439-Babcock Boulevard, Babcock Square0

  26. Financial Plan

  27. Source For Markup • http://www.atf.gov/forms/firearms/ • http://www.defensivecarry.com/forum/defensive-carry-guns/13595-what-mark-up-guns.html

  28. Cost OF Inventory First Month: $31,200 Second Month: $32,136 Third Month: $33,100.08 Fourth Month: $34,093.08 Fifth Month: $35,115.87 Sixth Month: $36,169.35

  29. Net Income For First 6 Months Month 1: $ (1,385.33) Month 2: $ (881.33) Month 3: $ (362.21) Month 4: $172.48 Month 5: $ 723.21 Month 6: $1,290.47

  30. Loan Information Loan Amount: $303,923 Loan Term: 20 years at 4% interest Monthly Loan Cost: $1,842

More Related