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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.

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Owned by Carl Wilkinson

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  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

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