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Originally Posted by aarondhgraham
But it could generate a nice side income.
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If you charges $25/transfer, I suspect you'd be looking at 100 transfers a year just to cover advertising expenses and that's if you do CHEAP advertising, like a 2" square ad in your local "Penny Saver" type paper.
There's a good chance that your home owners policy wouldn't cover your business inventory. That's another 25-50 transfers a year, at least.
You need 3 a year just to cover the FFL fees for the first 6 years. ($200 first 3, $90 second 3).
I suspect you'd be looking at at least $2-300 in fees just to form your business, that's if you hunt down all the requirements yourself. That's 10-15 transfers to cover those costs and many (if not most) states will have annual expenses to renew licenses.
You're looking at 175 transfers a year, for the first couple years at least, just to cover expenses. You might be able to cut back your advertising after that and reduce costs.