Just as an FYI, I ordered the FFL packet from ATF. Didnt cost anything, I hope I can make an informed decision from there. Thanks for the replys.
Hi Huck...As being a former 01 and 03 dealer, I find that since I gave up both of them, I'm sometimes find myself kicking my butt for doing it. On the other hand, if you're not doing great business, but selling about 10% over "Cost", and let me tell you, there are PLENTY of "wholesale" guys out there to compete with. Th only way to really maximize profit, is with doing used and older gun sales. The trades you make, is where you make your living. IMHO, you need to buy out collections, from older gents, and such. I was ALWAYS wheeling and dealing to keep the $$ flow in the black. I had several competitors in my area, and we all kept a reasonable price difference to promote our sales.
If you're going to sell NEW only, then be prepared to spend a LOTTA Bucks to get up and running. THEN, you'll be prodded to buy certain slow movers, to get the cream of the crop. I had a guy I did a LOT of money with in New jersey. When the AWB came into effect, I attempted to buy some Polytech Type 56 AK's from him at his "advertised" price of 272.00 each. When I called him, I got an answer of "ummmm the price is now 550.00 each"... mind you, I had ordered the guns a week prior to this. (about 20 of them) The "distibutor" never got another penny from me, as I was buying big $$ from his distributorship.
I guess what I'm saying is, go for it, and get the slip from the ATF, cuz you never know, when you'll ever have the chance again. Just watch out for the sharks out there. If you want more info, I can lead you in a decent direction for distributors.
Good Luck, and I hope you get your "01" slip