LGS closing

[Grunt67]

I got an email this am from Lebanon Gun Store, advising that they are closing temporarily, until the y can get in more product.

They will still take appts. for gunsmith, and transfers.

Sign of the times, as they say.

[btq96r]

I hope it's a temp thing, but with a Democrat administration, legislative majority, I can see it being a minute.  Manufacturers can only meet so much demand with the equipment on hand, and that means the big boys getting inventory from the benefit of bulk purchasing agreements take precedent.  This will put the squeeze on small business locally, because that's how the free market works when supply is constricted.

Sign of the times in a lot of ways.  Hopefully the gunsmith and transfer work can keep their cash flow from dropping too low.

[Grunt67]

I'm not that familiar with the stores inner workings, as to revenue. I do know the gunsmith charges $200 / hr.

Don't recall about transfer costs.

I doubt they could survive long with only those 2 sources of revenue. Small store, small town. Other stores in town also.

[RED333]

I received the same email, shame.

 

[No_0ne]

It's hard to be a retailer without stock.  I would guess others will follow the same path.  Closing up shop will help reduce overhead and possibly insure survival, as opposed to remaining open with nothing to sell and watching whatever equity you have disappear ...

[TGO David]

It's amazing that they held out this long without inventory.  We're going to see more of this, unfortunately. 

[bubbadavis]

A local HSV shop closed its doors back in October for the same reason. They simply couldn’t get inventory (guns or ammo).

The owner kept his FFL to do NFA transfers out of his house. 

[krunchnik]

Used to be business in the firearms industry was slow all the time-the last 15 years have been anything but slow-now it's a matter of having something to sell-not finding customers to do the buying.

[Quavodus]

Its sad when a good store has to close down like that. 

[DWARREN123]

I see this happening a lot more and just not LGS.