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Bullets For Everyone!

$275 of $250k goal

Raised by 8 people in 42 months
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Rich FromGuntorturetests  TULSA, OK
Hey guys. Thanks for taking the time to watch the video and click the link. There isn't much more for me to add that I didn't already say in the video, but I will say that any help you want to give is awesome. Seriously, any amount helps.

So thanks for watching, thanks for clicking, and thanks for helping me bring a great product to market.
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Update 3
Posted by Rich Leible
42 months ago
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Well, I have to admit, I had hoped this thing would have taken off a little faster, but slow and steady wins the race.
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Update 2
Posted by Rich Leible
42 months ago
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I've changed the reward levels a bit, plus added 2 more. Hopefully, this will generate some more support.
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Update 1
Posted by Rich Leible
42 months ago
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Ok, so people are asking me for more details, and it's only fair that I provide them, since the video is basically me being an idiot.

Here's the plan:

Apply for (and receive) my 07 FFL.

While waiting for the 07 to arrive, order all the machines I need, and start the buildout. People have asked in the YouTube comments whether or not I have enough space in my current location. The answer to that is yes, I do. I have plenty of room for this endeavor. I don't anticipate outgrowing the current space for a few years.

After the arrival of the 07, I order components for the ammo I intend to manufacture. I will also get at least a million dollars worth of product liability insurance, pay the ITAR tax, et cetera.

The calibers I intend to start with are 9mm, .40 S&W, and .45 ACP. The big three. This will be NEW ammunition, not reloads or remans.

Retail prices will be competitive with other manufacturers in the market, while still being profitable.

I have several smaller law enforcement agencies looking to buy their training ammo from me, as well as several local gun shops. The rest will be sold online via GunBroker, and I plan on spending most weekends at gun shows in a 3 state radius.

I expect this to be turning a profit by the 18 month mark or so, maybe as long as the 24 month mark. Why so long? Simple. There's a significant amount of lag time between applying for the FFL and actually being able to start manufacturing, due to the supplier's policy of not selling components until they have a manufacturer's license on file.

Now, when the ammunition turns profitable, that's when I start with the actual firearms side of the business. Take some of the profit from ammo sales and use it to fund the firearms. I have several AR pattern rifles already designed, and will be working with an excellent local machine shop to get them made.

I've had several experts look at all my numbers, help me tweak them where needed, and they have all said they look good.

I mean, everyone needs ammo, right?

What I just wrote out is only the tip of the iceberg, and there are several things I can't share, due to contractual obligations, but what's written above is the meat and potatoes of the plan.

Again, thanks for taking the time to read this, and hopefully you can help me make this a reality.

-Rich
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$275 of $250k goal

Raised by 8 people in 42 months
No Longer Accepting Donations
 Share on Facebook
Created October 2, 2013
Rich FromGuntorturetests  
KS
$50
Kirk Surber
41 months ago
$50
Anonymous
42 months ago
JB
$5
Jamie Besse
42 months ago

Good luck man we need more people like you these days

KG
$20
Kevin Griffin
42 months ago

Good Luck,Rich. I hope it works out.

JM
$50
James May
42 months ago

I'm on board. Good luck.

MD
$25
Mark Duvall
42 months ago
GW
$25
Guy Wozniak
42 months ago

Good luck with your project.

$50
Anonymous
42 months ago
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