rifleman1776 said:
If you have to ask here you are not prepared or qualified to start such a business. But, I'll give some starter tips.
1) Hire a good law firm and give them about $20,000.00 for retainer.
2) Borrow a few hundred thousand dollars for location and machinery.
3) Hire a good PR/marketing/advertising person for $100,000.00 per year with at least a $500,000.00 advertising budget.
4) Bank about one million dollars for operating funds until a cash flow starts. That will take no less than two years from the day your first gun comes off the production line.
Good luck.
Please.
He didn't ask how to compete with Remington.
First off, how is he to know without asking? Starting a business is complex. People don't just "know". You have to ask. That comment is not helpful.
As to the expense, yes, it's expensive. No, you don't need a 1/2 million dollars for advertising. That's asinine.
When I was looking at machines 8 or 10 years ago (for building transmission parts), you could get a decent, used CNC machine that would build firearms for $30-$60,000. I have no idea what they cost now.
On top of that, you'd need a designer and programmer. Some people could do both. Maybe you can do both, I don't know what you know.
You'll need insurance and, yes, it's going to be expensive.
You'll want to be a corporation. Probably an S-Corp. Forming those isn't too hard, but you're honestly better off with an attorney, most likely.