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Slow housing market closes local gun shop

fastcarsgofast
My local gun shop, which was owned by a couple of housing developers, is closing. It seems that they were losing so much money in the housing market and not making enough in the store to keep it open. It's a dog gone shame to. The owners are genuinely nice guys who are really interested in firearms. Their prices weren't always the greatest, you could drive to Marietta and usually beat them, but the service was exceptional and they were just around the corner.

I guess I'll be driving to the big city from now on.[V]
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Comments

7 comments

Date Votes
  • admin
    Which store in what town is closing? We are in the Atlanta area.
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  • fastcarsgofast
    Bear Mountain in White. I went by yesterday to buy a few goodies and saw the sign on the door. I called a friend that knows the owner better than I do. He gave the details about the losses in the housing market. Sure does stink.
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  • Warpig883
    I don't see how this is a failure of the housing market. From what you wrote the shop was losing money by itself.
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  • Colonel Plink
    First rule of small business:

    Make sure the business can support itself, without constant infusion of funds from other businesses you own...
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  • Old-Colts
    Sounds like their Gun Shop business was just an enjoyable sideline/hobby since they were supporting its non-profitability with a very profitable housing market business. That's risky, but it's a commonly used approach as long as the business model holds up, which apparently it didn't. Too bad!
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  • spryor
    At least maybe you can get some good deals from inventory closeouts..
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  • fastcarsgofast
    Don't know about where you guys are at but around here there are tons of new homes just sitting on the market and not selling. I'm guessing that they had to do away with the gun shop to be able to pay back the loans they took out to build the houses. As far as the shop being able to support itself I'm not sure it had been open long enough to make a return on the investment. It hasn't been open for two years yet.

    It is too bad though. However I would gladly help liquidate their inventory for them if I could get in contact with them. I'll see if our mutual friend can hook me up.
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