“Starting a Pawn Shop Business ”
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  • 12 expert advise
201. Greg said on 7/22/2012 1:34:46 PM
I am looking into opening a pawn shop in tn. What kind of start up capital will be need I would want to take all items

202. Scott K said on 7/25/2012 10:14:22 PM
Hello. Interested in opening a pawn shop in midwest Georgia. Have done all necessary research for requirements & licensing. Software engineer for past 20 yrs and looking at $15 to $20k cash. So, the Buy-Sell-Trade concept sounds like a great idea to start out. Email me at scottk1974@gmail.com if they have ideas to share. Thx.
203. terry s said on 8/11/2012 2:20:19 PM
am looking to start a pawn business in bellview, fl. but only have about 30,000 to start it with. i have had my own various businesses for over 35 yrs but have always paid cash for everything i needed. how do i get financing with NO credit history or rating at all?? any help would be greatly appreciated. contact me at yelladog_4u@yahoo.com or call me at 352-465-5282 thanks
204. victor said on 8/21/2012 8:15:31 PM
i have convenience store. I would like to add same location pawn shop. my store is 3000 square feet. please give me information i can add pawn shop? 300 north summit street, crescent city florida 32112 cell phone 386 937 4351.
205. Jon W said on 9/18/2012 2:27:23 PM
The location is seneca st. Buffalo, N.Y. 14202. I need to know what I need exactly what I need to start a pawn shop up. license and documentation? what's would the start-up cost run me? Any suggestions.
206. Lewis Start said on 9/25/2012 7:02:50 PM
Would like info for opening a pawn shop in albion pa in erie county. need to know everything available as this will be a new experience for me
207. Alan f said on 10/7/2012 7:52:31 PM
I would like info on opening a pawn shop in west Virginia , where to obtain pawnbrokers license and how much capital I need ,already have location
208. jr said on 10/16/2012 12:05:44 PM
i'm trying to start a shop in northern MI but need help with financing can anyone help moodyjohn88@yahoo.com

209. Corey M. beginner adviser said on 10/16/2012 4:57:16 PM
I'm seeking a business partner to open a pawn store with future vision of creating a chain. Previous multi-store pawn management experience generating annual revenue exceeding $16 million. I've opened 5 pawn stores and have intimate experience with each step of the process in addition to managing 12 locations. I possess extensive management, firearm and precious metal/stone experience. I have an idea which major city to apply for licensing but will considering different areas based on potential. I've saved a strong portion of money to apply towards a business loan and have drafted a business plan. In a partnership I'm seeking an equal or greater financial commitment. I would consider ownership equity solutions for an individual only seeking to invest. If interested or have questions I can be reached at corey_pac@hotmail.com

corey_pac@hotmail.com || Pawn Shop Expert

210. Valdy said on 10/17/2012 4:30:39 PM
Hi. What cash amount is required to operate in a town with a population of 10000 people. Also I noted that about 3 to 4 pawn shops already exist. Advise me. Also what items can a pawn shop trade?
211. george yearwood said on 10/21/2012 11:43:44 PM
me and my wife would like to open a pawn shop in etowah, tn and we would like to know what we need and other than getting a license to buy and sell guns and getting a building what else do we need from the town or the state to get it going.
212. Corey M. beginner adviser said on 10/22/2012 2:43:30 PM
@George, send me an email - I can give you basic information.

corey_pac@hotmail.com || Pawn Shop Expert

213. Adam D said on 11/11/2012 3:02:50 PM
I currently own and operate 5 pawn shops in Broward County Florida. Looking to expand in tri-county area. If you have a currently running pawn shop in a good location you are unable to handle or looking to sell email me your store info and contact info. Cash at closing. adam@gncpawn.com
214. sandi orr said on 11/12/2012 7:29:28 AM
Want to open an after hours pawn shop . How EXACTLY do i go about doing this ? I live in lower mainland Vancouver , British Columbia
215. AMI said on 11/20/2012 3:55:50 PM
How long does it take to receive a pawnbroker license in Ohio once application is sent off?
216. Corey M. beginner adviser said on 11/21/2012 2:01:21 AM
Most states have a 30 day period to respond to a business license application. Ohio has a 90 day period once the application is received. The time period can be extended an additional 90 days if the application doesn't possess required information. You must also demonstrate previous pawn experience and liquid assets of $100,000+ and possess a minimum $50,000 during the operation of the business to be approved. Good luck.

corey_pac@hotmail.com || Pawn Shop Expert

217. steve said on 12/11/2012 1:06:05 PM
what is required to open a pawn shop in montana? My state offices are telling me no special license or permit required. does not seem right.
218. Ernst said on 12/21/2012 10:27:05 PM
I live in Deerfield Beach, Fl. I need to know all the requirements to open up a pawn shop. Especially, Amount of money that the state, city, the county requires. I may not not begin with fire arms if it will raise the amount requires. Thx, waiting for your response
219. frank said on 12/24/2012 8:15:18 AM
did any one can open a pawn shop if he have clear record and cash
220. MDH said on 1/3/2013 2:48:49 PM
I have managed a pawn shops for Cash America for 5 years now and another smaller set of shops for 4 years before that. I want to open my own in northern Arizona. I am looking for a partner with some capital. I have been part of the acquisition process several times and am confident that its the right time to start a shop in northern Az and possibly more. I don't have a lot of startup cash buy I have a lot of experience and drive. Please email me if you are interested in starting a pawn shop in Arizona. harleygrrl212000@yahoo.com
221. ken said on 2/7/2013 2:17:28 AM
In Ohio in order to own / operate a pawn shop you must have a pawn brokers license. In order to obtain a license you must first fill out an application and pay a $2,000. application fee. (NON REFUNDABLE , IF NOT APPROVED ). You must have proven experience in managing or employment working for a RECOGNIZED licensed pawn broker. You must have a MINIMUM of $100,000. in provable LIQUID CASH ASSETS verified through your financial institution AT THE TIME YOU APPLY FOR LICENSE. You must also ALWAYS maintain a MINIMUM of $50,000. in CASH ASSETS AT ALL TIMES ( and they do check from time to time ) If you fall below a $ 50,000 minimum cash assets you lose your license. You do not need to have a pawn brokers license to BUY/SELL/TRADE though , you only need a license to LOAN MONEY , so you could start by doing this for a while in order to generate a very good income ( For example someone comes in to sell a 14k Gold ring , you purchase at a fair price of say $40 cash you then melt it and sell the gold for about $120. Thats $80 for a couple of minutes of work. All depending on gold prices and weight.
222. Nick O' said on 2/28/2013 3:02:05 PM
Was wondering about certain laws involving Pawn shop location across the street from an Indian Casino in MN but have no idea about Specs such as how miles/feet away from the Casino one would have to build? Having troubles finding the Spec Laws on internet
223. Grant Wi said on 3/18/2013 7:52:36 PM
I want to open a pawn shop in Redding, California. Also I've bought two union in a shopping center. Which is 1000sq. Each, need help. How much capital I need . Thanks
224. Grant Wi said on 3/19/2013 7:53:10 PM
Thanks @Mike I. Just somebody help me to open a pawn shop maybe I will need some money Later. I will connect you if I need loan. Thanks a lot. Grant.
225. Mohan said on 4/2/2013 3:21:39 AM
Hi I want to start pawn shop in india bangalore can you help me
226. richard said on 4/4/2013 6:31:38 AM
I LOOK FORWARD TO START PAWN SHOP. BUT I HAVE EXPERIENCE, NOT IN A POSITION TO GET CAPITAL.
227. rachel said on 5/2/2013 8:52:24 AM
nottingham, england. could you tell me where to get a money lender/pawn broker license please
228. sharon said on 5/13/2013 12:37:55 PM
I started my own convenience store business 22 years ago and sold out to my ex a year ago. I am ready to start a business on my own again. With the way the economy is going here, I think a pawn shop would do very well here in Minnesota.
229. Corey M. beginner adviser said on 5/16/2013 3:23:57 PM

@sharon, Which city of Minnesota are you in Sharon?

corey_pac@hotmail.com || Pawn Shop Expert

230. Wayne said on 5/19/2013 10:34:44 PM
Any special licensing or paperwork for Washington State? I've been told we only need a master business license and the county or city may require a pawn license! I've looked at Washington State Department of Financial Institutions and found nothing!
231. A.Gururjan said on 6/8/2013 2:53:45 AM
In Erode & Anthiyur I want to open a pawan (gold Jewel)shop, I need how do i get pawn broker license and where do i get it?
232. NOKY LINK CONSULTS said on 6/22/2013 3:11:58 AM
For all inquiries about opening, running, funding, or obtaining a license for a pawn shop. Feel free to write us so that we can provide professional advice for your business success. nokylink@gmail.com
233. James Buchanan said on 7/26/2013 4:38:17 PM
I have owner two pawn stores and two coin shops in past 30 years. This is not as easy as some may think. You are married to your business for first few years, six days a week, 10 hrs a day, no vacation. BUT once you get your business growing. large number of pawns outstanding (transactions and dollars) where you have a positive cash flow, it is a great business. My tip. Try to buy an existing store and keep the seller on for a while to teach you.
234. Schreiner Daryl Albert said on 8/19/2013 11:12:15 PM
There are no pawn shops in Pohnpei, Micronesia and I am interested in finding a business partner. The benefit I have is that, I have a place to set up the business and I am the owner of the place...
235. S.M. Burner said on 9/26/2013 4:04:35 PM
Wondering if North Carolina has any regulations on the "gold ie. Gold coins" that gets brought to pawnshops. Any help is appreciated.
236. Lloyd said on 11/12/2013 9:08:37 PM
Wanted to know if you knew what the minimum square feet to start a pawn shop in Texas if you plan on only pawning guns, and jewelry. Thanks
237. jeff locke said on 12/21/2013 4:52:43 PM
I'm looking into opening a pawn shop in Sacramento California. Need advise on how much money to start my business, computer software? It will be small at first and hoping to grow bigger in the future. Thanks, Jeff
238. LaVon said on 1/9/2014 4:46:56 PM
I see that individuals have not posted in at least a year. However I would appreciate information on starting a pawn shop in OKC? I have a great location but have questions about interest accrued and levied, day to day workings, etc. Any assistance is appreciated. Thank you.
239. john said on 1/17/2014 1:39:24 PM
Hello, My new wife has a building she uses for title pawn, money orders , taxes,etc. She has a lot of extra space in that building. Wants me to open a pawn shop in there to, can i use all her business id's , permits etc? What more do I need to add this pawn shop? thank you.
240. Bill Cz said on 2/11/2014 8:39:33 AM
Hello. Interested in opening a pawn shop in CT. Where do I obtain the licenses? Also are application fees of a few thousand dollars due to apply or if you are approved? Thanks for your help
241. Anandaganesh said on 4/17/2014 2:26:46 AM
we will start Gold Loan our company ir Private limited company recently we will apply NBFS certification through RBI. NBFS have also apply Pawn Broker License? Yes, how apply Pawn Broker License?
242. kenneth said on 4/29/2014 5:00:18 PM
Would love to open a shop. BA in accounting. Know how to set up business plan and financial books. Know tools, bikes, electronics, and can repair and flip small engines. I am located in Stone Mounatain GA.
243. Pam said on 5/1/2014 1:33:27 AM
Found your site while looking for funding for establishing my own pawn shop, retired as an RN in November need something exciting to do. My spouse works as a mat teacher at our local vo tech. Do you know they can fill out forms and get all the legal stuff together for you to get a small business loan, tell u how to get started, and help u find the right location. Know this is probably too late for some, but maybe someone new will come by thus site and it will help them. Good luck
244. Tony said on 6/9/2014 8:45:29 PM
I want to open a pawn shop but I need information on how to get licenses in Washington State, I have 10 years of experience with the biggest chain in the world but after operating a very successful store its time for me to own one. Can anyone help me out....
245. 808dude said on 12/10/2014 7:06:45 PM
hey my friend owns a pawn shop in hawaii and wants to sell it and retire. he has owned the shop for years and wants to spend more time working less. he seem to be open to doing an assisted transfer but its mostly a turnkey operation. its located in honolulu. email me if you want more info. tom. email at lookingoodboy2000 at yahoo dot com.. kden aloha
246. ANANTH said on 1/21/2015 12:56:53 PM
NEED SMALL BUSINESS IDEAS SUITABLE FOR SOUTH INDIA
247. lucky said on 3/17/2015 12:23:15 PM
I want to open pawn shop..ca..orange county. i had jewelry shop past 5 year.. how i want to get pawn broker license & open a pawnshop. please info..how to do it..
248. Steve Kiefer said on 5/18/2015 11:14:25 PM
I have 6000 sq feet of prime real estate on a very busy street in Little Rock. I spent 10 years in the investment industry as a financial adviser. I am looking to stat a pawn and loan business. I am proficient in finance, but lacking in jewelry appraisal. How would I address this? Thanks
249. IRAM ABBAS RIZVI said on 7/27/2015 1:10:19 AM
Hi I want to start a pawn business in India, Uttar pradesh, Lucknow please tell me the correct procedure to establish it. Thanks, IRAM ABBAS RIZVI, INDIA, UTTAR PRADESH, LUCKNOW.
250. Lovely said on 10/1/2015 12:28:59 PM
Please I want to open up a Pawnshop in my area but i do need all the information of how to open up one. what do i need to do first in order to open one.
251. naique said on 3/19/2016 10:56:45 PM
I live in the carribbean (antigua), I would love to get the grounds work info on opening a pawn business. maybe a partner. My contact info naique86@gmail.com
252. Robin Lamura. said on 4/21/2016 7:35:32 PM
Hello,My name is Robin Lamura. I live in USA Florida and i am a happy man today? I told my self that any Loan lender that could change my Life and that of my family, i will refer any person that is looking for loan to Them. If you are in need of loan and you are 100% sure to pay back the loan please contact them and please tell them that Mr, Robin Lamura. referred you to them. contact via E_mail: jamesmorrisfundsoffer@gmail.com
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