Open A Pawn Shop | How To Open A Pawn Shop

The Pawn Shop Industry Is Exploding Due To The
Slow Economic Conditions!

Now is the time to jump in.

Since 1995, we've been providing our

turnkey guide to opening a pawn shop

to thousands of businesses worldwide.

Pick up a copy today and get started!

A note from the founder:

For over 30 years, I, along with my partners have dedicated our time to learning the secrets to running a successful pawn shop.

As the owner of an actual pawn shop, I can tell you that it can be an extremely interesting and lucrative venture as many other shop owners would agree.

There are a few ways to make money as a pawn broker.

1.) Making Loans: The first is to make a loan on a valuable item that a customer brings in. If the customer defaults, then you keep the item.

2.) Direct Purchase: Another way to make money is by make a direct offer to purchase the item straight from the customer so that you can resell at your shop, or perhaps ship out the item to a wholesaler, such as a smelter or raw materials dealer.

3.) Selling Merchandise: Auxiliary operations would be to sell new or used items as you see fit in your store.

I've seen much change over the years, not only here in the U.S., but all over the world. Pawnbrokers and the act of pawning have been around for over 3,000 years, first appearing in China and has since spread around the globe.

It is nothing new, and is a viable and respectable business to be in that the community at large need, and the industry is booming, partly because of the constant fluctuation of economic conditions.

I've seen tens of thousands of items brought into my store, and one thing I can say it never gets boring, because you never know who's going to bring in what.

Aside from the unique or hard to sell items that may be of value, the real money in most cases are common items, such as jewelry, electronics such as t.v.s, car stereos, speakers, computers and video games, DVD movies, music CD's, musical instruments, "often popular music instruments such as electric guitars, basses, keyboards, saxophones, drums and trumpets", coins, various collectibles like sports cards, and hand tools.

The key is to assessing the value of items brought in so you know what to offer the customer in order for you to be able to turn a profit.

If I don't know much about an item, I then call in a specialist to assess the value of an item, and then I make an offer anywhere between 10-30% of what it retails for, so I have the best probability of at least doubling my money in the product.

People often ask me how difficult it is to open a pawn shop, and my response always has and will be that it is VERY EASY. You just need to follow the right business startup steps, whether you have capital or not "as you can get a loan" or even "grant" to start your business.

You shouldn't go into this blindfolded or rely on a trial and error strategy, rather pick up a guide that will provide all of the steps you need to take in order to set up your pawn shop, from local and state licenses, to capital, choosing a location, identifying items and the value of them and screening for stolen merchandise. You need to know the inner workings of a pawn shop to truly understand and profit from one.

The pawnbroker industry is an art, in the sense that you can focus or base your business model specific to your area, what people in your vicinity are looking for, and your own interests as you do not need to adhere to any particular shop setup or business model in comparison to other pawn shops in your area.

The fact is, in order to be truly successful in this business, you need to keep an open mind and just have fun. Once you do those things, the money will keep rolling in. A six-figure a year income is typical in this business within the first 3 years of business.

But, what I cannot emphasize enough is the importance of shop presentation. This can be achieved by offering unique items that will capture the interest of passersby by displaying eye catching merchandise.

If you can do that, your sales will increase. It's all about attention-getting and drawing them into your store, which in turn will lead to word-of-mouth referrals from visitors who may want to purchase, pawn or trade items as your store will serve three purposes.

The eBook featured at my site will show you in laymens terms what you need to do to open your own pawn shop in a proven, turnkey step-by-step manner.

Unlike many other guides offered where are often written by general information publishers "not the actual shop owners", you can rest assured that you will find accurate and relative business startup information. Also, I don't complicate the process by filling up the eBook with useless fluff. I'm straight to the point and will direct you what you need to do get your business off the ground, regardless of which country or may reside in, how much startup capital or the amount of experience you have.

Anybody get started as long as they have a will to make deals and learn how to determine the value of an item, and then know how to make an offer to where you can resell the item for cash.

I use personally use a mix bag of direct-purchase techniques and strategic interest loans against items brought into the store. So, get started today and make some money!!!!

Jeremy Delida
Pawn Shop CashNow Shop Owner

Overview of the Pawn Industry

Running a pawn shop can be a very lucrative venture, because you can make money through various methods.

Ways of making money:

One of the traditional methods to make money is when somebody brings in a valuable item to be pawned for a short term loan to be repaid within an agreed amount of time which is usually one to three months. If they don't pay, you keep the item. This is the most common way of making money in the pawn business.

Another way is to buy valuable items through a direct purchase from the customer as you would typically offer anywhere from 5-30% of the value of item to be resold at a higher amount. Often, an immediate profit of 100-300% can be realized through an online or on-site sale. It's a good way to fill your store inventory at a very low cost.

In addition to that, you may want to supplement your pawn shop inventory by offering new or used items you own outright either that you've got acquired or had sitting around for sale that would do well in your area.

There is no other type of traditional storefront business that has the potential to generate substantial cash flow, as a typical day for an established pawn shop nets thousands of dollars.

Within our featured eBook at our site, you will find everything you need to get started with your new pawn shop, from licensing, to proof of sufficient startup capital "if necessary" through grants or loans, to building a repoire with other pawn shops and establishing mutually beneficial relationships referring clients to each other, to verifying the identity of the customer to prevent fraud, to assessing the value of items.

We have combined all of our knowledge of the pawn industry and created a guidebook so easy to understand and comprehensive, that you will be able to quickly and easily open up and operate your own pawn shop, regardless of startup capital, experience or assessing value of items.

For years, we have helped thousands of pawn shop owners get started with their businesses and have actually providing consulting services to many of the top pawn brokers in the U.S. & Canada.

You see, the beauty of the pawn industry is the fact that you can open a pawn shop in any country or region and make deals, as pawning or loaning money against items have been around for thousands of years, and we can honestly say that business is booming... which most likely can be attributed to uncertain or fluctuating market and economic conditions as people want more bang for their buck and an increasing amount opting to buy used rather than new.

Not only does this business carry minimal risk and extremely lucrative, it's actually fun and interesting. Rare antiques, memorabilia and collectibles are brought in all the time by people looking for quick cash. In 95% of the cases, you will be able to capitalize on their need for money and offer an extremely low amount for the item and usually end up keeping it, since a large percentage of customers who pawn items cannot pay back the temporarily loans against it due to their personal financial situations.

You Control How Much You Spend In Your Own Market:

You win every time just like a casino always has the upper hand! Essentially, by starting and running your pawn shop, you're in a sense creating your own mini-market where you decide how much you're going to pay for an item to those that are in many cases desperate for money for whatever reason. The great thing is, there are no competitors in your store unlike on the open market. This is why pawn shops only offer a maximum of 30% of the value of the item and as little as 5%.

Purchasing an item outright from a customer through an advantage standpoint:

For example, imagine going to an online auction site, a retail store, a private seller through a classified ad, or even contacting a wholesaler to purchase goods at the private market level. You will not be able to pick up the item in most cases for less than 50% of current used market value "not retail" because you are at a disadvantage. You are seeking them out and they have what you want...

As a pawn shop owner, your offer can be and is typically between 5% and 30% with the intent to resell, which is the position you take when explaining to the customer that it is all you can offer. In nine times out of ten, they understand and will accept your lowball offer because they take into consideration that you will need to sell it at your shop at some point in the future and you will not be getting full market price "but you can attempt to later" of course after the transaction takes place.

After a few months in business, you'll learn all of the inner workings of a pawn shop, and how to assess an item's value, then determine an appropriate dollar amount for a loan against it.

You will make money off of loans from items used as collateral from the buyer and by purchasing goods well below market value with the intent to resell at your shop.

We are confident that you will find our inside secrets to opening a running a profitable pawn shop to be extremely useful as so many others have. Don't wait any longer, start today!

Open your own high-profit margin pawn

shop and create a progressive

source of steady cash flow.

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