Posted: 3/31/2008 6:32:29 PM EDT
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This might be too close to asking for help from the competition, but here goes... I never would have thought I would open a pawn shop, not in a million years, but Im old enough to have grown out of caring what people think. So, I am 60-120 days out from opening in Houston. Don't want to say where. We are negotiating lease terms. I just took my CHL, and have the form 7, and fingerprint cards, etc that come with it from the ATF. We are reasonably sure we are purchasing an existing pawn license very soon, and will transfer it, rather than waiting on a new license. I have read that I need to take a basic gunsmithing class, but the Form 7 and accompanying paperwork dont mention it? Any info? Most pawnshops are large and seem to waste space, why not get a smaller store(thinking 2000sq ft, split 60/40 retail to storage)? Most look to be 4000sq ft +. This all started when my Dad and Uncle invested in a pawn shop in another town with a friend. Then we started to consider it here. The other partner(in the other store, not this one) has tons of jewlery and gun experience, and will train us(brother and I) on those aspects. I figure the pawn procedure is cake with most of the current software out there. What have I forgotten to mention, or possibly overlooked alltogether??? Thanks In Advance! |
You must apply for the FFL for your premise. Did you do that? Is that what you mean by Form 7? It takes a while to get it so the sooner you apply the better The application has to be a new one, you just cannot assume a license without applying and saying that you are assuming another FFL. Be sure all is done and if you are assuming an FFL make sure their paperwork is in order. Don't want to get in there and find unrecorded firearms and glaring mistakes. |