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Hot Topic (More than 10 Replies) Varner Sporting Arms business for sale. (Read 656 times)
dibbler
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Varner Sporting Arms business for sale.
Oct 11th, 2018 at 7:13am
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The Varner Sporting Arms business is for sale on Gunbroker:

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marlinguy
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Re: Varner Sporting Arms business for sale.
Reply #1 - Oct 11th, 2018 at 10:50am
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Strange way to sell a gun business.
  

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J Louis
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Re: Varner Sporting Arms business for sale.
Reply #2 - Oct 11th, 2018 at 11:30am
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I thought they were long gone and the Varner Favorite was no longer available so it is a bit interesting.
  
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kensmachine
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Re: Varner Sporting Arms business for sale.
Reply #3 - Oct 11th, 2018 at 11:48am
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it's been for sale for years. someone has made the Varner Favorite off an on over the years. Ken
  
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Re: Varner Sporting Arms business for sale.
Reply #4 - Oct 11th, 2018 at 4:07pm
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I bought a Varner Favorite back in the early or middle 80s (don't remember exactly when). It's a nice little rifle and a pleasure to shoot. My rifle looks just like the one in their Gunbroker listing. Higher quality than the original Stevens.
I wonder if there is a market for such a rifle these days.
  

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waterman
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Re: Varner Sporting Arms business for sale.
Reply #5 - Oct 11th, 2018 at 6:13pm
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RSW wrote on Oct 11th, 2018 at 4:07pm:
I bought a Varner Favorite back in the early or middle 80s (don't remember exactly when). It's a nice little rifle and a pleasure to shoot. My rifle looks just like the one in their Gunbroker listing. Higher quality than the original Stevens.
I wonder if there is a market for such a rifle these days.


I'd like to buy one for my 11-year old granddaughter.  If I found that Favorite for $450, I'd look at it pretty hard and probably reach for my wallet.  There must be more old geezers like me with grandkids, political correctness be damned.  But would there be a thousand of us? 

If you add the purchase price of the business and all the hassles of buying a gun manufacturing business in an anti-gun place like WA, plus the hassles of getting a valid manufacturing license and the attendant paperwork, and made a guess as to how many you might sell, would you be an investor?
  
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Re: Varner Sporting Arms business for sale.
Reply #6 - Oct 11th, 2018 at 6:53pm
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Going by what's been posted here so far, does it still make sense for C. Sharps Arms to reproduce the little Hopkins and Allen?

Bill Lawrence
  
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Re: Varner Sporting Arms business for sale.
Reply #7 - Oct 11th, 2018 at 7:42pm
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Won't that depend on the price(s) they decide they need to charge?
  

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Re: Varner Sporting Arms business for sale.
Reply #8 - Oct 11th, 2018 at 8:16pm
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If you add the purchase price of the business and all the hassles of buying a gun manufacturing business in an anti-gun place like WA, plus the hassles of getting a valid manufacturing license and the attendant paperwork, and made a guess as to how many you might sell, would you be an investor?

No.  I would place this in the hobby category, not a viable, long term business.  Henry pulled it off by redesigning a lever gun that is basically a CNC produced product that appeals to a much wider audience and can be inexpensively produced.
  

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Re: Varner Sporting Arms business for sale.
Reply #9 - Oct 11th, 2018 at 11:47pm
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IMO, the Varner rifle business may be on the market for quite a while. If those rifles could retail for, say . . . $500, about 500 rifles would have to be sold to pay for buying the business. I don't know if they could be produced to sell in that price range or if they would be attractive at that price. Having to lay out 1/4 of a million to buy a business, then have to crank out 500 rifles before seeing a dime of profit, does not seem to me like a good return on investment.
Whether or not there is even any demand, is a whole 'nuther matter.
  

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Zack T
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Re: Varner Sporting Arms business for sale.
Reply #10 - Oct 12th, 2018 at 12:42am
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Selling 500 guns at $500 to break even assumes free labor, raw materials, advertising and zero overhead in a shop. Would be lucky to be seeing a profit before 1500-2000 were sold. I doubt there would be that kind of demand in an average lifetime.
  
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Re: Varner Sporting Arms business for sale.
Reply #11 - Oct 12th, 2018 at 10:07am
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it's been on the market for a long time I was asked 10-15 years ago if I was interested in buying it. I dont know if it sold in that time or not Ken
  
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Re: Varner Sporting Arms business for sale.
Reply #12 - Oct 12th, 2018 at 11:35am
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And as the listing says “buyer to pay actual shipping costs”.  Will the business and all that goes with it fit in a USPS flat rate box?

Jack
  

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Re: Varner Sporting Arms business for sale.
Reply #13 - Oct 12th, 2018 at 11:46am
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I don't know what they're selling for $250,000, but if I wanted to be in the reproduction Favorite business, I think I'd go about it from scratch instead of buying a non-operating older business for a high price.  If it was an operating, profitable business that you could step in, shadow the current owners for 6 months and simply take over production, it might be worth $250,000.  If it's a bunch of leftover machine from production 25 years ago, and a few fixtures and a small amount of name recognition and goodwill, I don't think there's $250,000 of value there.  Maybe $5000 over the value of the machines and parts. 

Technology moves on.  I'd much rather invest my $250,000 in CNC machining centers, abrasive water jet cutters, etc than in obsolete machines from a few years back.  Or, invest much less in tooling, and sub out the water jet cutting and wire EDM cutting to job shops and do only the finishing in house.

I doubt you'd have more than $25,000 in having a professional machine shop reverse engineer and produce detailed 3D models of all the Favorite parts.  Add another $10,000 to that, and I think they'd have code written and prototype production processes worked out.  At that point, you could have job shops custom machine out the parts.  Or, set up for production yourself.  I may be way high on what it would cost to do the modeling, I know I did it for the Fields Patent side lever falling block myself and it took me about 3 months of my spare time to teach myself the software and do it.  Someone that knows the software could do it in a few days.

That said, from my experience with the Fields Action project, I'm not sure that you could small shop it and make it profitable.  My costs to produce the Fields action I estimated at over $550, not counting advertising, licensing, insurance, etc.  That was just materials and machining, in small quantity.  I decided to put it off until I retired; look at it as a hobby and not as a for-profit business.  It was way more profitable to do other business stuff instead.  The closer I get to retirement, the less I'm inclined to do it.  Somehow the motivation just seems to be less each year!
  
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