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The only LGS's to go out of business that I know of went out due to either poor location (an otherwise deserted indoor shopping mall) or ATF records violations and a zoning board issue. In the same amount of time, several more small shops and ranges have opened up and/or expanded.
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TheGolden Rule of Tool Use: "If you don't know what you are doing, DON'T."
http://nefirearm.com/
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