Owned by Carl Wilkinson Owned by Carl Wilkinson IV.

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Presentation transcript:

Owned by Carl Wilkinson Owned by Carl Wilkinson IV

 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

Fee for License : $200 Good for 3 years APPLICATION FOR A PENNSYLVANIA LICENSE TO SELL FIREARMS

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

 Retail and Service store  sell firearms and restore old or broken Firearms  Allow test firing of firearms

 Sell Firearms, Accessories, Ammunition  Restore old firearms  Educate people about firearms

 Rifles  Shotguns  Pistols  Air soft Guns  Paintball guns  Crossbows  Accessories  Restoration services  Range to test fire weapons  Hunting and fishing Licenses  Co2 filling station

Lawyer Accountant Insurance agent

 $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.

 Bachelor Degree in Business  Knowledgeable about firearms  hunter and gun collector  There is a demand for guns and restoration services

 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

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: Hours per week

 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

 Local Ranges, Colleges, High Schools  Review Applications  Interview Potential employees  Background/Drug test  Hire

 Cost Plus Pricing  Makes price reasonable  still gives a profit  Security of higher prices

 Good quality Items=higher prices  more knowledge on products then competitors  Friendly workers

 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

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

Come visit us at: 5439-Babcock Boulevard, Babcock Square or call :

Now opening! GunSmoke: Shop, Range Restoration We offer Quality Firearms and accessories A private range Co 2 Filling station Hunting and Fishing Licenses Restoration services And much more Call us at GUNS(4867) Or visit us at 5439-Babcock Boulevard, Babcock Square0

  nsive-carry-guns/13595-what-mark-up- guns.html nsive-carry-guns/13595-what-mark-up- guns.html

Gunsmoke Equipment List Note: List any Equipment needed for start-up Required Equipment for Start UpAmountTotalResource Technology Computer(s) $ dell.com Printer(s) $ best buy Phone(s) $ best buy Web Page $ websitehomework.com Cash Register(s) $ Total Technology Cost $ 1, Equipment Tools for restoration $ 4, Brownells.com Cleaning Tools $ Brownells.com bore sighter $ Brownells.com Total Equi;pment Cost $ 4, Furniture & Fixtures Glass Display Case (5) $ 2,000.00storesupply.com Display case locks (5) $ 15.00storesupply.com Floor Display Shelves (12) $ 2, storesupply.com Floor Display Aisle Unit (6) $ 1,800.00storesupply.com Total Furniture Cost $ 6, Other Assets Total Cost of Other Assets $ - TOTAL COST OF EQUIPMENT $ 12,065.00

First Month: $31,200 Second Month: $32,136 Third Month: $33, Fourth Month: $34, Fifth Month: $35, Sixth Month: $36,169.35

Gunsmoke Start Up Costs Note: Required Start-up Funds for New Business Required Start-Up FundsAmountTotals Fixed Assets Technology $ 1, Equipment $ 4, Furniture and Fixtures $ 6, Other Fixed Assets $ - Total Fixed Assets $ 12, Start-up Costs (one-time) Legal and Accounting Fees $ 1, Licenses $ 1, Rent Deposit $ 3, Utility Deposit $ Other one-time costs $ - Total Start-up One-time Costs $ 6, TOTAL START-UP COSTS $ 18, Note: Copy from Income Statement Operating Expenses One-Month Cost of Goods Sold $ 31, Owner's Yearly Salary $ 4, Wage Expense $ 5, Rent Expense $ 3, Advertising Expense $ Supplies Expense $ Utilities Expense $ Cell phone & Internet $ Insurance Expense $ Total Operating Capital $ 47, Six-Month Operating Expenses + One-time Costs $ 285, Total Start-up Funds Required $303, **Start-up Funds + Six-Month Operating Expenses

Gunsmoke Income Statement For Month Ended June JulyAugustSeptemberOctoberNovember Revenue from Sales $ 48, $ 49, $ 50, $ 52, $ 54, $ 55, Avg. Customers/Day 10 Avg. Purchase Price $ Days open per month 24 Cost of Goods from Sales $ 31, $ 32, $ 33, $ 34, $ 35, $ 36, Avg. Industry Markup 35% Gross Profit $ 16, $ 17, $ 17, $ 18, $ 18, $ 19, Operating Expenses: Owner's Yearly Salary $ 55, $ 4, Wage Expense $ 5, Rent Expense $ 3, Advertising Expense $ $ $ 1, $ 1, $ 1, $ 1, Supplies Expense $ Utilities Expense $ Cell phone & Internet $ Insurance Expense $ Loan Payment $ 1, Total Operating Expense $ 18, Net Income $ (1,385.33) $ (881.33) $ (362.21) $ $ $ 1,290.47

Month 1: $ (1,385.33) Month 2: $ (881.33) Month 3: $ (362.21) Month 4: $ Month 5: $ Month 6: $1,290.47

 Loan Amount: $303,923  Loan Term: 20 years at 4% inter est  Monthly Loan Cost: $1,842