Starting a Pawn Shop Business

This ia a very insightful page . The information is clear to understand without being lenghty to read. Thank you for this information.

well said dee wood.. I wasn't aware that it was such a task to actually becoming a pawn broker..

very informative...thanks

Good info thanks

I am looking to open car title loan. Are the requirements similar?

wanting to open a pawn shop in iowa. Need to know about licenses i need & loans I need to start. what ever else I need to start this business.

Very serious about opening a pawn shop and pay day loan type business in small town in Texas....What is the criteria as far as licenses before we go any further.

Hello, my questions are:
1. How much should the aggregate net worth be? US$ 1 Million or more?
2. How much should the working capital be?

is there any special weapon broker licenses required when operating a pawn shop? I am planning to open one and accept firearms.

1) what would be a reasonable amount of start up cash (not counting my monthly utilities and rent)to get my pawn shop going?(no guns!)I live in Indiana.. thanks for all the good info! peace.

I was researching about opening a pawn shop , how do some shop operate without lincense where they say they buy your item and then give you 2wks to buy it back ? They charge 25 per hundred ? Dont understand

I live in North Carolina, are you saying without being rich with excellent credit, then there is no reason to consider opening a pawn shop, in the little town I live in in Eastern NC a Pawn Shop would do well, I have a store in downtown across from courthouse that I can lease for $500 a month.(a old gas station)

Thanks for the present information. I ask what offices or directives in business should be contacted and/or established in order to run a successful shop. Should a Jeweler be hired to examine precious metals & gems? Can firearms be traded or submitted for Pawn in NY with a license shown by the Pawnee? Is there a more comprehensive list of information that could walk me through the steps of opening this business, that weighs the pro's an con's of the business? I thank you for our attention to my inquiry. idegohi@yahoo.com

1. How much should the aggregate net worth be in PA or where would i go to find that information.
2. Also i was wondering pretty much the same things as KEYS.
If anyone could help me that would be great, Thanks.

I want to open a pawn shop in wi. I went through a bankruptcy. is this going to cause a problem starting the business.

Would love to know the requirements to start a Pawn Shop in Jacksonville, FL. Any information would be greatly appreciated. tubekamangu@yahoo.com

I, like Mark am interested in opening a pawn shop in PA. Are there any comprehensive courses that you can recommend regarding the business operations?

I want to open a pawn shop in Texas, How much should the aggregate net worth be? US$ 1 Million or more? 2. How much should the working capital be? Thanks for the present information. I ask what offices or directives in business should be contacted and/or established in order to run a successful shop. Should a Jeweler be hired to examine precious metals & gems? Can firearms be traded or submitted for Pawn in NY with a license shown by the Pawnee? Is there a more comprehensive list of information that could walk me through the steps of opening this business, that weighs the pro's an con's of the business? I thank you for our attention to my inquiry

I need any information on the licensing or permits other than a business license to open a pawn and pay day loan business at a single location in Tennessee. As of yet nobody has been able to answer my question. Any help will be greatly appreciated. Thanks

I WANT TO OPEN A PAWN SHOP IN PA, WHAT DO I NEED TO DO?

making business pawn shop in Cambodia because of it is developing

Philippines has the highest interest rate return of investment in less than 2 years surely possible. only $60k/branch for complete investment

TO RICK YOU CAN VISIT PHILIPPINES AND LOOK AT OUR PAWNSHOP LOCATIONS ALL OVER THE COUNTRY . YOU CAN OPEN AS MANY AS 8 TO 12 BRANCHES IN KEY CITIES FOR $1M. FAST ROI, LOW SALARY, CHEAP BUILDING RENTALS YOU CAN STAR 1 FOR ONLY $60-80K.

LOOKING TO START A PART TIME CASH LOAN BUSINESS, NOT A PAWNSHOP BUSINESS. WHAT DO YOU SUGGEST I ACCEPT FOR COLLATERAL. (NO CAR / MOBILE HOMES TITLES ETC.)

I'm looking to start a pawn shop in a small town in Kansas, how much start up capital do you think I need, and do I need to be bonded?

can a pawnshop loan on a vehicle if the person pawning that vehicle is not the person named on the title?

I want to open a pawn shop in Denver. where can i get the license?

"written proof that you have garnered the "minimum" number of years of finical related experience."

a)could you define a little more of the details of what minimum years would be ?

b)could you define what kind of related experiences would be acceptable and an example of what might be unacceptable? thanks

Where do I apply for the license in CA? Thanks for all the information

i need to know please tell me how to open pawn shop in pa.

I cant find an application on the web for my licenses to fill out to start a new pawn shop? Need help!

i want to open a pawn shop in PA. how much start up capital do i need.

To all, each state have different regulations regarding pawnshop for example in Florida you need not to be a criminal you need a net worth of 50k and up, or to put down 10k in bond, this is in order to get a "license". about the working capital you need as much as you need to actually make a business for yourself, the more working capital you have the more money you can loan.

in florida this is the website http://www.800helpfla.com/pawnbus.html

Interested in starting a pawn shop in Illinois.

Can you own a pawn shop if you had a felony. Not in the last 20 yrs.

@Steve, You can own a pawn shop if you had a felony but getting finances will be tough.

want to open a pawn shop in North Brunswick, NJ. How do I go about finding out what the rules & regulations are? How much interest you can charge? What you can and cant do? etc

If anyone needs to know about pawn shops in iowa, let me know.

This is a question for Michael in California. What city are you planning on opening your pawn shop? I do not have any specifics for California but I too am interested and thought we can share information if you are interested.

I want to start a pawn shop in atlanta, ga. Any help that can be given would be greatly appreciated.

i want to open a pawm shop in miami, florida. where can i get the license and how much money do i need to start it up

I want to start a pawn shop up in IL. I was wondering does anyone know what I need to do to open one.

i want to open a pawn shop in Philippines, particularly in quezon city and nearby provinces anyone's help?

This article is very helpful; I want to do business in California and now I know what I need to start. Thanks much.

Hello. My name is Michael I Am 17 Years Old. And I Want To Start My Own Pawn Shop. If There is Anymore Information That Anyone Can Tell Me To Help Me Out. Plz Email Me At lee1112009@live.com thanks.

I want to start a Pawn business but i do not have a building. Can I do it from home? If so what do I need to get started. I live in Dallas, TX. radrecruiter101@hotmail.com

I have worked in a smaller sized pawn shop for the past 4 years and have a vast knowledge of how the business is ran and what things need to be consider when starting the pit falls. If you want to chat or need some help let me know. I would like to start my own shop but I will need at least $25,000 to $30,000. Most of your money is the interest you make not on the goods that you get. The state I am in you can get about 35% return on your money in the form of interest. I have seen people put this in pawn for $100 and leave it their for a year and pay $350 in interest and reclaim it at the end. Their is good money here.

Is the government grands and loans available for start up if I wanted to start open a Pawn Shop? Also does it matter what area I am in? I live in a very small town, and there is only one shopping center literally! and the next town over is the same way. Not to sound bias, but the area is mostly made up of cacians. The next town over has more of a mixed vibe, and it's known for a diverse population, should I consider having my business there. If I didn't open it up in our town, I don't want my kids getting a bad rep at school. that is how small this town is. I also want to know with my antique background can I use that for a cover in the name instead of using Pawn shop in the name. Is there another name to use? I mean is there other names I could use and incorporate my antiques so I maybe can stay in my hometown as well, the reason I ask is because where I live I can work from my home. I have a real dilemma, having space to use for a business but how to word it, any ideas?

looking to open pawn shop in new york city if anyone has information on how to get a license?

anyone wanting to open a pawn shop should reply back to me. I am willing to talk about helping "you" get in the business.

I would like to sell some type of "franchise", where I could provide inventory and knowledge to get "you" up and operating and then provide support till "you" get it.

I of course would need to take a cut of "your" business for this. I would rather be a consultant for you than work at my brick and morter.

You could even come work at one of my stores for training. I have an open mind and would like to hear some thoughts on this idea.

I would like to open a pawn shop in colorado, who do I contact about getting a license, and minimum capital to start

Ed, Go to the court house to the planning department, and the business license place. They will let you know any special codes associated with pawnshops. County to county, city to city the codes are different so go check, they will tell you what you need to operate a store. Minimal capital?? I would say after all remodeling and stocking your shelves with inventory you would want no less than about 20k in cash and that # assumes very little overhead.......like 5k/mo.

I can help on a commercial basis. Recently retired, I have had 50 years experience as owner of a group of pawnshops in Sydney, Australia.

Could anyone help me with the requirements for Arkansas to get your license. Also if you can get a license with a felony. This website has been very helpful. Any response would be greatly appreciated.