November 12, 2012, 03:54 PM | #26 | |
Senior Member
Join Date: June 24, 2008
Posts: 2,606
|
Quote:
|
|
November 12, 2012, 04:07 PM | #27 |
Senior Member
Join Date: May 8, 2009
Location: Florida
Posts: 3,787
|
We need to get away from the thought that a 10% markup is the same as a 10% profit, too. The markup pays for a mortgage, utilities, repairs, interest on inventory, employee salaries, wear and tear on display cases and cash registers and such, all before the owner makes a dime. My bet is that a 10% markup is a net loss for a small gun shop. I don't know how they are making it with internet sales keeping prices down. And for that reason, I don't begrudge them the bigger markup on used guns and accessories.
|
November 12, 2012, 05:20 PM | #28 | |
Senior Member
Join Date: December 29, 2005
Location: San Francisco, Ca
Posts: 317
|
Quote:
Getting below MSRP is harder in California where you can't easily buy online, but to me it's worth paying the MSRP to help keep a gun store a short walk from my house. I hope they're in business a long time. |
|
November 13, 2012, 09:11 AM | #29 |
Senior Member
Join Date: February 19, 2005
Location: Tennessee
Posts: 5,323
|
I also feel that way about local gun shops. Their pricing does have to be fair however. That doesn't mean they beat or match the online pricing for new guns.
I also realize that a 30% markup does not mean a 30% profit. Most people that buy a handgun and find a holster they like at the same gun shop will pay the asking price on the holster just like they would at Walmart. The price is the price; No questions asked. Ammunition may be a different story depending on how frequently you buy. |
November 13, 2012, 06:43 PM | #30 |
Senior Member
Join Date: September 6, 2011
Location: Wyoming
Posts: 1,350
|
Just a recent experience that fits in with this discussion:
I was recently in the market for a S&W J frame Bodyguard for my wife. Davidsons' has the gun for $432.00. My local gun shop had it in stock for $472.00. A $40.00 differance. When I considered the transfer fee of $25.00 for the Davidsons' gun, the savings was cut to $15.00. I decided that the extra $15.00 spent in my town was better than sending $432.00 out of state. I think about things like that.
__________________
Go Pokes! Go Rams! |
November 13, 2012, 07:17 PM | #31 |
Moderator Emeritus
Join Date: June 25, 2008
Location: Austin, CO
Posts: 19,578
|
The kicker for me is sales tax. As a business owner, I fully realize that they have no choice but it still directly affects the price. Using Wyoredman's example, that $15 difference at $472 becomes over $52 after adding the $37+ (8%) sales tax. $15 extra, I'd pay. $52, I won't.
__________________
Nobody plans to screw up their lives... ...they just don't plan not to. -Andy Stanley |
November 14, 2012, 10:58 AM | #32 |
Senior Member
Join Date: September 6, 2011
Location: Wyoming
Posts: 1,350
|
8%! Ouch, thats steep! I thought 4% was bad!
__________________
Go Pokes! Go Rams! |
November 14, 2012, 11:44 AM | #33 |
Senior Member
Join Date: December 24, 2011
Posts: 163
|
Yes, despite the fact that most states require an individual to record online transactions with businesses done out of state and remit the appropriate sales tax, most folks dont do it. This can kill a brick and mortar store, even if they can match the online price.
|
November 14, 2012, 02:48 PM | #34 | |
Moderator Emeritus
Join Date: June 25, 2008
Location: Austin, CO
Posts: 19,578
|
Quote:
I always thought, how is that possible? This state is an awful, AWFUL, AWFUL place to do business... and then I started thinking like a politician, you have to lie by implication while telling the truth with words... Sort of like if you're running a business and the mafia makes you pay 50% protection tax. They come in one day and tell you they're lowering the tax to 49% and you're going to make a commercial for them. You can honestly say "No other organization could do for me what the mafia did!" because no other organization was charging you a protection tax in the first place, obviously no other organization could LOWER the tax, so you're being totally truthful in words but lying by implication. Same thing here in NY.
__________________
Nobody plans to screw up their lives... ...they just don't plan not to. -Andy Stanley |
|
November 14, 2012, 02:57 PM | #35 |
Senior Member
Join Date: September 6, 2012
Location: IL, USA
Posts: 163
|
I think many rely on used gun sales. At the LGS that I frequent, I once saw the owner purchase a little Beretta .22 or .25 for $75 and when I saw it on the shelf a few weeks later, the price on the tag read $250. Whether he actually got that price or haggled it down a bit, it's still not a bad deal on the part of the LGS.
__________________
I have a mild interest in guns. Actually, I think the clinical term is "obsession," but that makes me sound like some kind of gun-nut. Which is fair, since I am. Wastin' away my future children's inheritance one box of ammo, range fee, and bottle of Hoppe's #9 at a time. |
November 15, 2012, 02:43 PM | #36 | |
Senior Member
Join Date: March 1, 2000
Location: Boise, ID
Posts: 8,518
|
Quote:
|
|
November 21, 2012, 05:47 PM | #37 |
Senior Member
Join Date: May 29, 2008
Location: now living in alabama
Posts: 2,433
|
Pawn shops usually run 100% mark up or more. Watched a man pawn his mod 94 for $75. 4 months later the same rifle was put on the sale rack for $275. It sold later that week.
__________________
No such thing as a stupid question. What is stupid is not asking it. |
November 22, 2012, 01:11 AM | #38 | |
Senior Member
Join Date: December 18, 2004
Posts: 1,944
|
Quote:
|
|
November 22, 2012, 12:27 PM | #39 |
Senior Member
Join Date: May 9, 2010
Location: USA
Posts: 1,212
|
They shouldn't collect tax in FL. I think they may just be sticking it to you.
Well, unless it is some local tax thing. Ive had a lot of tax free transfers. Last edited by 5.56RifleGuy; November 22, 2012 at 02:16 PM. |
November 22, 2012, 06:16 PM | #40 |
Senior Member
Join Date: February 19, 2005
Location: Tennessee
Posts: 5,323
|
I suspect the sales tax in FL thing is pure profit for the dealer making the transfer.
Sales tax in TN runs about 9 > 9.5% depending on city and county increment. But there is no income tax. I would rather pay the sales tax any day than an income tax. I have not done many transfers, but there was no sales tax charged on the transfer (or in other words, the price paid out of state). |
|
|