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Cost of Gunsmith work

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  • Gunsmithing
    Member
    • Jan 2011
    • 246

    Cost of Gunsmith work

    I have some that ask why does it cost so must to do the work
    Most Gunsmith do the work as a labor of love.

    Here is why

    1. A good to excellent gunsmith can work as Journeyman machinist in repair from $25.00 to $45.00 per hour in some else shop.
    2. insurance per Year is $2,000 to $4,000
    3. Rent $500.00 and up
    4. Power and gas $300.00 and up
    5. Water and garbage $100.00
    6. Licenses in CA. first Year $700.00
    7. Advertising, Phone lines and Internet $100.00 to $1000 per month
    8. health insurance $1,000
    9. Lost time on phone, email and counter 35%
    10. Tools Machine tools and tooling. $50,000 over 5 years @ 18% interest $1,112 per month payments

    I have list the 10 most common costs.
    one month there is only 170 hours this how it come out on cost

    1. 170 hours X $35.00 per hour $5,950.00
    2. insurance for month...............$250.00
    3. Rent for one month..............$1,000.00
    4. Power and gas...................... $300.00
    5. Water and garbage ................$100.00
    6. Licenses in CA. $700.00/12====$58.00
    7. Advertising $400.00
    8. health insurance $1,000
    10 Tools Machine tools and tooling. $1,270 per month
    ===============================
    Total ==================$10,328.00
    9. Lost time on phone, email and counter 35% or only work for 110 hours per month.


    Cost per hour is $10,328.00/110 hours = $94 per hour
    I do not know of any gunsmith that charges that high no one would have the work done. Just buy a new firearm.
    Most of my work is done at $40.00 to $60.00 an hour good luck getting $60.00 hour

    Dave / Gunsmith
    Last edited by Gunsmithing; 08-12-2012, 4:37 PM.
    ************************************************** *********
    David Smith
    Gunsmith in Fresno and Clovis CA

    Web site: http://gunsmithing1.tripod.com/ Email at gunsmithing@live.com
    Our focus is working on your firearms, We do not engage sales or transfer of firearms.
    Gunshop and Gunsmith Services Pricing
    Other interest web site in Fresno Clovis CA
    http://finance.groups.yahoo.com/group/southbendlathe9/

    Any posting of mine are not legal advice, which can only be given by a Attorney.

  • #2
    BucDan
    Veteran Member
    • Dec 2011
    • 4062

    Wow that is really pricey! How do you ever make a profit?

    Comment

    • #3
      Gunsmithing
      Member
      • Jan 2011
      • 246

      I know most go into gun sales or some do gunsmithing as a retirement job. My self it is my night job I also have a day job.

      Dave

      Originally posted by BucDan
      Wow that is really pricey! How do you ever make a profit?
      ************************************************** *********
      David Smith
      Gunsmith in Fresno and Clovis CA

      Web site: http://gunsmithing1.tripod.com/ Email at gunsmithing@live.com
      Our focus is working on your firearms, We do not engage sales or transfer of firearms.
      Gunshop and Gunsmith Services Pricing
      Other interest web site in Fresno Clovis CA
      http://finance.groups.yahoo.com/group/southbendlathe9/

      Any posting of mine are not legal advice, which can only be given by a Attorney.

      Comment

      • #4
        wendys
        Member
        • Sep 2011
        • 154

        Why do you add $400 in number 7?

        Comment

        • #5
          Gunsmithing
          Member
          • Jan 2011
          • 246

          This is advertising

          Originally posted by wendys
          Why do you add $400 in number 7?
          ************************************************** *********
          David Smith
          Gunsmith in Fresno and Clovis CA

          Web site: http://gunsmithing1.tripod.com/ Email at gunsmithing@live.com
          Our focus is working on your firearms, We do not engage sales or transfer of firearms.
          Gunshop and Gunsmith Services Pricing
          Other interest web site in Fresno Clovis CA
          http://finance.groups.yahoo.com/group/southbendlathe9/

          Any posting of mine are not legal advice, which can only be given by a Attorney.

          Comment

          • #6
            Fjold
            I need a LIFE!!
            • Oct 2005
            • 22994

            Originally posted by Gunsmithing
            This is advertising
            I know a few gunsmiths and very few spend $4800/year in advertising.

            Usually it's a Yellow Pages Ad, sometimes a website link and a few have a couple of magazine Ads but that's about it.
            Last edited by Fjold; 08-12-2012, 9:53 PM.
            Frank

            One rifle, one planet, Holland's 375




            Life Member NRA, CRPA and SAF

            Comment

            • #7
              Gunsmithing
              Member
              • Jan 2011
              • 246

              I have add more to line 7. Advertising, Phone lines and Internet this just basic cost Just a small ad in the yellow pages is $100.00 per month. Being in business is like a boat with a lot of leaks.

              Dave

              Originally posted by Fjold
              I know a few gunsmiths and very few spend $4800/year in advertising.

              Usually it's a Yellow Pages Ad, somtimes a website link and few have a couple of magazine Ads but that's about it.
              ************************************************** *********
              David Smith
              Gunsmith in Fresno and Clovis CA

              Web site: http://gunsmithing1.tripod.com/ Email at gunsmithing@live.com
              Our focus is working on your firearms, We do not engage sales or transfer of firearms.
              Gunshop and Gunsmith Services Pricing
              Other interest web site in Fresno Clovis CA
              http://finance.groups.yahoo.com/group/southbendlathe9/

              Any posting of mine are not legal advice, which can only be given by a Attorney.

              Comment

              • #8
                keenkeen
                Calguns Addict
                • May 2011
                • 6782

                Wow...

                I don't know any single proprietor small business owners that only work 40 hours a week. If it worked that way I am guessing a lot more people would start their own business.

                Most I know are working around 50+ (many over 60) hours a week.
                "But far more numerous was the herd of such, Who think too little and who talk too much." -John Dryden

                Comment

                • #9
                  PolishMike
                  Calguns Addict
                  • Nov 2007
                  • 6034

                  The other problem is the customers that bring in there $40 JC Higgins 22 single shot with a broken firing pin and start going irate when you tell them their repair will cost more than their firearm is worth.
                  Artist formally known as CEO of Tracy Rifle and Pistol

                  Comment

                  • #10
                    CS Sports
                    Member
                    • Jan 2011
                    • 297

                    Don't forget the cost of all of your tools and equipment. I'm a small shop and I easily have over $100k invested, not counting inventory.

                    Comment

                    • #11
                      1911su16b870
                      CGN/CGSSA Contributor
                      CGN Contributor
                      • Dec 2006
                      • 7654

                      +1 Gunsmithing is a labor of love.
                      "Bruen, the Bruen opinion, I believe, discarded the intermediate scrutiny test that I also thought was not very useful; and has, instead, replaced it with a text history and tradition test." Judge Benitez 12-12-2022

                      NRA Endowment Life Member, CRPA Life Member
                      GLOCK (Gen 1-5, G42/43), Colt AR15/M16/M4, Sig P320, Sig P365, Beretta 90 series, Remington 870, HK UMP Factory Armorer
                      Remington Nylon, 1911, HK, Ruger, Hudson H9 Armorer, just for fun!
                      I instruct it if you shoot it.

                      Comment

                      • #12
                        Gunsmithing
                        Member
                        • Jan 2011
                        • 246

                        I was just show the basic cost.
                        My self just in hand tools over $30,000 and machine tools and tooling over $30,000 plus Raw Materials not listed. Most firearm owner just do not know the cost of being in business in CA today.

                        Dave


                        Originally posted by CS Sports
                        Don't forget the cost of all of your tools and equipment. I'm a small shop and I easily have over $100k invested, not counting inventory.
                        ************************************************** *********
                        David Smith
                        Gunsmith in Fresno and Clovis CA

                        Web site: http://gunsmithing1.tripod.com/ Email at gunsmithing@live.com
                        Our focus is working on your firearms, We do not engage sales or transfer of firearms.
                        Gunshop and Gunsmith Services Pricing
                        Other interest web site in Fresno Clovis CA
                        http://finance.groups.yahoo.com/group/southbendlathe9/

                        Any posting of mine are not legal advice, which can only be given by a Attorney.

                        Comment

                        • #13
                          G-forceJunkie
                          Calguns Addict
                          • Jul 2010
                          • 6407

                          Not to mention consumables, and the fact that is just to break even. Lets say you want to make a modest $40k a year to live off of, that's another $20 per hour you need to make.

                          Comment

                          • #14
                            johnny_boy02
                            Senior Member
                            • Oct 2011
                            • 1480

                            Originally posted by Gunsmithing
                            Just a small ad in the yellow pages is $100.00 per month.
                            I sympathize with you because I have been through it but this is a out right lie.

                            Comment

                            • #15
                              707electrician
                              Veteran Member
                              • Dec 2010
                              • 2889

                              You better check what your competitors are charging because I think you are underbidding yourself. Most gunsmiths I have talked to are charging $75-80/hr
                              Brian Kelly

                              PM me for electrical work

                              Comment

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