Jump to content


Photo

How much profit on gun sale


  • Please log in to reply
10 replies to this topic

#1 Hare Trigger

Hare Trigger
  • LocationBridgewater
  • Home Range:Point Phillips Rod & Gun Club, & EFGA

Posted 04 March 2013 - 10:11 PM

Anyone have an idea how much profit is usually made on the sale of a gun? Gun dealers usually have the best prices, but recently I put a Sig P238 on layaway, while looking around for the best price I found the price on the same model from as much as $650 and as low as $560. I know sporting goods stores are usually higher but thats not always the case. A dealer that I used to use (before he went out of business) only made about $15 on the price of a gun plus $10 for paperwork.

#2 RubberBullets

RubberBullets
  • Home Range:Free Agent

Posted 04 March 2013 - 10:15 PM

Anyone have an idea how much profit is usually made on the sale of a gun? Gun dealers usually have the best prices, but recently I put a Sig P238 on layaway, while looking around for the best price I found the price on the same model from as much as $650 and as low as $560. I know sporting goods stores are usually higher but thats not always the case. A dealer that I used to use (before he went out of business) only made about $15 on the price of a gun plus $10 for paperwork.


Todays market is anyones guess. Prior to this i believe the higher profit margin was in selling used guns in a local gun shop. New guns were a much tighter margin, and of course transfer fees helps make up for loss of sale at the desk. If it is a new gun..chances are prices are only different because of the sellers ability to purchase larger quantities equating to a better discount from the factory. Online retailers also carry the distinct advantage of having lower overhead without a physical store presence. Mileage may vary

LoL @ this guy

 

 

"It's not a "Weapons System", It's an AR15 with some accessories thrown on it."

"If you must resort to name calling while arguing your point, you have already lost the debate."


#3 Sonnylee

Sonnylee
  • LocationClark NJ
  • Home Range:OBRPC, Range 14

Posted 04 March 2013 - 10:16 PM

30% markup..
Life Member NRA, NJ2AS, OBRPC, RANGE 14, HORNADY 366, USPSA MEMBER. OBRAMS
TRAP AND SKEET SHOOTER. CCW PENN. FLORIDA.
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
"WE THE PEOPLE"

#4 BarkNBite

BarkNBite
  • Home Range:PA.

Posted 04 March 2013 - 10:40 PM

$15.00 on the gun and $10.00 on the paperwork.....how could he have stayed in business.......guess he couldn't....Ah ha.

#5 Old Dog

Old Dog
  • LocationFlorida
  • Home Range:Florida

Posted 04 March 2013 - 10:41 PM

Gee, my LGS keeps telling me that he only makes $50 or sometimes $25 on a new gun which is why he cannot reduce his prices.

The worst thing about growing old is that other men no longer see you as dangerous.
 


#6 mattio41

mattio41
  • LocationEatontown, Monmouth County
  • Home Range:Shore Shot Pistol Range

Posted 04 March 2013 - 10:41 PM

I would like to think it is like any other business. They need 15-20% to keep the lights on.

#7 9X19

9X19
  • LocationMorris County, New Jersey
  • Home Range:RTSP, Easton

Posted 04 March 2013 - 10:50 PM

$15.00 on the gun and $10.00 on the paperwork.....how could he have stayed in business.......guess he couldn't....Ah ha.

Guess he gave out free donuts and coffee every morning too. $15 on a gun sometimes won't even pay for the shipping...

"Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free."

Ronald Reagan


#8 howard

howard
  • LocationMorris County NJ
  • Home Range:RTSP, Shongum

Posted 04 March 2013 - 11:29 PM

Well I think it is a lot like the car business. You make a lot more on the used ones than the new ones. My LGS told me that the max he makes on a new gun is $75. While you can sometimes find things cheaper on the Internet, by the time you pay the shipping and the FFL transfer fee you might be saving almost nothing. If its close I rather pay a little more and support the local business anyway. As for used I was told there is some sort of equivalent to the car blue book and that the gun shop typically pays about 70% of that value to buy and tries to sell it at the blue book value. Who really knows, but it makes sense.

Howard -- check my pictures at www.flickr.com/kirbinster

ALWAYS carry your camera, cause in NJ you can't carry your gun!

 

NRA - LIFE Member // NJ2AS / IDPA / USPSA

 

10894359063_8b6a8e7b51_m_d.jpg


#9 Frank Rizzo

Frank Rizzo
  • LocationPassaic County
  • Home Range:Woodland Park

Posted 04 March 2013 - 11:41 PM

I dunno about the whole markup percentage. My brother bought a pistol recently at his local range for $130 less than one of the local gun stores was charging.. and getting. Someone is making a nice profit...

Rizzo: "My wife's up there (on the roof) poking around like she knows what the fu*k she's doing, I fired her ass off onto the fu*kin car."

Rizzo: "GET BRETT WEIR I SAID!!!!"

 

Frank is the forum name..  most know me as "Noodles"

 

NJ2AS member


#10 howard

howard
  • LocationMorris County NJ
  • Home Range:RTSP, Shongum

Posted 05 March 2013 - 08:26 AM

I dunno about the whole markup percentage. My brother bought a pistol recently at his local range for $130 less than one of the local gun stores was charging.. and getting. Someone is making a nice profit...


Keep in mind we are not in "normal" times. We are in a period of tight supply and frantic buying. Its sort of like when certain cars are in hot demand and some dealers sell then at higher than MSRP. Yea I know they can't do that, but they include custom floor mats that you can't buy the car without and charge $2,300 extra for that :D

Howard -- check my pictures at www.flickr.com/kirbinster

ALWAYS carry your camera, cause in NJ you can't carry your gun!

 

NRA - LIFE Member // NJ2AS / IDPA / USPSA

 

10894359063_8b6a8e7b51_m_d.jpg


#11 Hare Trigger

Hare Trigger
  • LocationBridgewater
  • Home Range:Point Phillips Rod & Gun Club, & EFGA

Posted 05 March 2013 - 05:09 PM

It was the mid 90s the last time I was able to buy from the dealer that made about $15 on a sale an $10 on paperwork. They were slightly different times. He had no overhead, he ran his business out of his house, and unfortunatley for me he got devorced and moved away.




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users