Armory Sponsor
Posted: 10/3/2009 9:44:42 PM EDT
|
What are you guys doing in your shop for consignments? A percentage or a flat rate? I'm thinking about taking some in and was curious to see what others are doing. On average of course, How well does the customer take your advice on sale price? Thanks for the responses! |
I asked a similar question several months back, and got a lot of help from forum member Bubbles. She was kind enough to give me a copy of their consignment policy and told me to feel free to "plagerise it as needed."  I don't have a copy of our consignment form at home, but I will try to remember to IM you a copy Tuesday when I get back in the shop.
We operate on a 10% commission, with a minimum of $40 and a maximum of $1,000. The minimum is there to protect the store and the customer's feelings. We really don't want a bunch of Jennings, Hi-Points, or cheap single shot longarms. So we can tell the customer the $40 commission would eat up most of their profit so they are better to just sale the item themselves. We don't get stuck with a bunch of junk guns on consignment, and we don't have to offend the customer by saying "your gun isn't worth our time trying to sale." As for price, we will show the customer the Blue Book and Gunbroker auctions to see what the current market value is running. So far we have not had a customer disagree, but if they insist on an absurd price, we would pass on the consignment. Again why waste our time trying to sale and overpriced item. One thing we make absolutely clear to the customer, you MUST fill out a 4473 and pass a NICS check to get your consigned firearm back. Many people feel it is their gun so they should be able to just come in and take it home. We make sure they understand Federal law says they must go thru all the procedures as if buying the firearm. Our consignment agreement states that if they want the consigned back and cannot pass the NICS, the store has the choice to buy the gun out right for the asking price or leave it on consignment until it is sold. We also explain that if they fail to pass the NICS check they cannot send in a family member or friend to buy it for them, as that would be a straw purchase. So far the system has worked great, the store gets new inventory at no cost, and customers can sale their guns with no hassle or worry about the buyer being legal. |
|
Quoted: I asked a similar question several months back, and got a lot of help from forum member Bubbles. She was kind enough to give me a copy of their consignment policy and told me to feel free to "plagerise it as needed." I don't have a copy of our consignment form at home, but I will try to remember to IM you a copy Tuesday when I get back in the shop.We operate on a 10% commission, with a minimum of $40 and a maximum of $1,000. The minimum is there to protect the store and the customer's feelings. We really don't want a bunch of Jennings, Hi-Points, or cheap single shot longarms. So we can tell the customer the $40 commission would eat up most of their profit so they are better to just sale the item themselves. We don't get stuck with a bunch of junk guns on consignment, and we don't have to offend the customer by saying "your gun isn't worth our time trying to sale." As for price, we will show the customer the Blue Book and Gunbroker auctions to see what the current market value is running. So far we have not had a customer disagree, but if they insist on an absurd price, we would pass on the consignment. Again why waste our time trying to sale and overpriced item. One thing we make absolutely clear to the customer, you MUST fill out a 4473 and pass a NICS check to get your consigned firearm back. Many people feel it is their gun so they should be able to just come in and take it home. We make sure they understand Federal law says they must go thru all the procedures as if buying the firearm. Our consignment agreement states that if they want the consigned back and cannot pass the NICS, the store has the choice to buy the gun out right for the asking price or leave it on consignment until it is sold. We also explain that if they fail to pass the NICS check they cannot send in a family member or friend to buy it for them, as that would be a straw purchase. So far the system has worked great, the store gets new inventory at no cost, and customers can sale their guns with no hassle or worry about the buyer being legal. Thanks for the help! Thats right on track with what I planned on doing, just wanted to make sure I'm somewhere in the ballpark of reality! Thanks again!! |
Armory Sponsor