In our community there was a LGS that had been in business for well over forty years. The owner had the rep of being fair to deal with and at the same time no one, to my knowledge, really ever put one over on him. One of his employees once told me that the owner felt that in order to do 1.5m in sales each year, he had to maintain and inventory of 1.5m in firearms at all times.
As an example, if you came in and handled all the 10-22's on the racks and finally bought the one you liked, as you left the store they were putting an identical 10-22 back on the rack. The way he got to that point was good business instincts, starting small and building up over the long term. The internet took a bite out of his business, but he countered that by having always having the firearms most were looking for in stock at prices not too much higher, capitalizing on the fact that today most folks would rather have it now, for a little more, than wait.
Then he decided to sell the store and retire. The guy that bought it had a couple of backers and a loan at the bank. The inventory immediately began to shrink because instead of replacing items sold, if there was one in the back, put it out and hold off ordering - I got to make my bank payment. Pretty soon there weren't many firearms left in the back, and, according to employees, the inventory had shrunk to under 500,000. As a result he couldn't get as good of deals from suppliers.
The guy had bought a business with an inventory of over a million dollars, which had been doing over a million in sales, but, unfortunately, he couldn't (or wouldn't) keep the inventory and prices up to generate a million in sales. The spiral lasted four or five years, then they were closed.
I'd imagine that is a story repeated over and over.
Patriotism means to stand by the country. It does not mean to stand by the President... - Theodore Roosevelt, Lincoln and Free Speech, Metropolitan Magazine, Volume 47, Number 6, May 1918.
Every Communist must grasp the truth. Political power grows out of the barrel of a gun. Our principle is that the Party commands the gun, and the gun must never be allowed to command the Party Mao Zedong, 6 November, 1938 - speech to the Communist Patry of China's sixth Central Committee
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