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
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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