; (II) the same location identified on the licensee's license; (III) the only location wherein all transactions are conducted; and (IV) the location wherein all records required to be kept shall be so kept; (ii) submit to 1 mandatory record and inventory inspection by a licensing authority per year; (iii) maintain a sales record book that shall remain open to inspection by the appropriate law enforcement agency at all times, and shall include, with respect to each transfer of a firearm— (I) a complete description of the firearm, including the make, serial number, and type; (II) the transferor’s license information; (III) the transferees’s license information; (IV) the date of transfer; (V) the sex, address of residence, and occupation of the transferee; and (VI) the signature of the transferee; (iv) conduct a pre-employment background check on each potential employee to determine the suitability of any potential employee who may have direct and unmonitored contact with firearms; and (v) comply with all applicable Federal, State, and local laws; (N) any individual denied a firearms dealer license may, within a reasonable time period, apply to State officials who may direct a licensing authority to grant a license if, after a hearing, State officials are satisfied that— (i) there were no reasonable grounds for the refusal to grant such a license; and (ii) the applicant was not barred by the provisions of law from holding such a license; (O) (i) the licensing authority may suspend or revoke a firearms dealer license if— (I) licensing authority officials provide due notice to the licensee and reasonable opportunity for the licensee to be heard; and (II) there exists satisfactory proof that the licensee has violated a condition of holding a firearms dealers license, permitted a violation of holding a firearms license, or has been convicted of a felony; and (ii) the pendency of proceedings before a court shall not suspend or interfere with the authority described in clause (i)