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Source for used guns to sell on Gunbroker.com
Center_Mass
Member Posts: 3 ✭✭
I'm applying for my FFL and hope to have it in hand by the first of the year. I plan to sell out of my house, not in a traditional store front.
I would like to include quality used guns in my inventory but I'm kind of stumped on where to get them. I thought about marketing for them on the Web. As I did my research, I was disappointed to find that not many people were doing searches trying to find someone to sell their guns to.
What other sources are there? Are there distributors that have nice used guns at a price that you can make a buck on? If so, who? Other sources?
I would like to include quality used guns in my inventory but I'm kind of stumped on where to get them. I thought about marketing for them on the Web. As I did my research, I was disappointed to find that not many people were doing searches trying to find someone to sell their guns to.
What other sources are there? Are there distributors that have nice used guns at a price that you can make a buck on? If so, who? Other sources?
Comments
Before the Internet, used gun sales were primarily local; there has never been a Used Gun Warehouse. I do know one dealer in the Northeast who spent his winters in Florida, where he would buy used guns from dealers, gun shows, & ads in the local papers. Other dealers have traditional storefronts, are well established in the community, & folks looking to sell guns seek them out. You will have to come up with your own angle or niche if you want to successfully deal in used guns.
I'm assuming that you wouldn't get an FFL without first preparing a Business Plan. Once you have your core business established, you may find a way to expand it into used guns.
Neal
Lots of sources to buy and sell. You need to consider what guns to buy now that will increase greatly in value later. Consider how much profit and in what time frame it will occur.
JM, I appreciate that you took the time to repsond to my post and this is not meant to be disrespectful in any way.
You said there are "lots of sources to buy and sell" but didn't include any of those sources. Can you enlighten me?
I agree that a good buy and hold strategy can be very profitable. I need to mix short term with long term though. Could you share some ideas on what to buy for a long term hold?
Again, thanks for the reply.
they're cutting back on those kind of permits
you have to list store hours and actually have the dedicated space in the house
just my 2c
tom
Or just pick out 10 or 20, figuring how much you can pay for each and ask him to give you an out the door price on all of them. If his price is less than your total, buy them.
BE WARNED. No tire kicking or dry runs. Have the CASH in hand before you do this. NOTHING can make an enemy of a dealer faster than wasting his time with a "Beback".
You will be your own best resource int his deal. If you don't have the ambition to search for yourself, then no one is going to hand it to you.
That said, you need to look at local auctions, and estate sales. Little old ladies that have lost their husband, and are getting rid of his collection to live. Pawn shops can be another good deal, if you frequent several of them in your area. If you don't frequent them, then someone else will inevitably get the deal. Places like CDNN, lots of time, have quality police trade-ins, as do some other distributors. Lots of people trying to unload guns for cash, often use the obvious, where they have been before. They might not be receptive to the "New Kid", on the block. It all depends on YOU, how much time and effort you want to spend, will ultimately determine the results you get outof it. Be for warned though, if you are doing this as a part time gig, to help you acquire things, it will cost you a lot of $$, and most likely be a short deal.
Best