“Starting a Pawn Shop Business”
Comment Page 2

  • Greg said on July 22, 2012
    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
  • Scott K said on July 25, 2012
    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.
  • terry s said on August 11, 2012
    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
  • victor said on August 21, 2012
    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.
  • Jon W said on September 18, 2012
    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.
  • Lewis Start said on September 25, 2012
    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
  • Alan f said on October 7, 2012
    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
  • jr said on October 16, 2012
    i'm trying to start a shop in northern MI but need help with financing can anyone help moodyjohn88@yahoo.com
  • Corey M. beginner adviser said on October 16, 2012
    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

  • Valdy said on October 17, 2012
    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?
  • george yearwood said on October 21, 2012
    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.
  • Corey M. beginner adviser said on October 22, 2012
    @George, send me an email - I can give you basic information.

    corey_pac@hotmail.com || Pawn Shop Expert

  • Adam D said on November 11, 2012
    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
  • sandi orr said on November 12, 2012
    Want to open an after hours pawn shop . How EXACTLY do i go about doing this ? I live in lower mainland Vancouver , British Columbia
  • AMI said on November 20, 2012
    How long does it take to receive a pawnbroker license in Ohio once application is sent off?
  • Corey M. beginner adviser said on November 21, 2012
    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

  • steve said on December 11, 2012
    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.
  • Ernst said on December 21, 2012
    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
  • frank said on December 24, 2012
    did any one can open a pawn shop if he have clear record and cash
  • MDH said on January 3, 2013
    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
  • ken said on February 7, 2013
    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.
  • Nick O' said on February 28, 2013
    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
  • Grant Wi said on March 18, 2013
    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
  • Grant Wi said on March 19, 2013
    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.
  • Mohan said on April 2, 2013
    Hi I want to start pawn shop in india bangalore can you help me
  • richard said on April 4, 2013
  • rachel said on May 2, 2013
    nottingham, england. could you tell me where to get a money lender/pawn broker license please
  • sharon said on May 13, 2013
    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.
  • Corey M. beginner adviser said on May 16, 2013

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

    corey_pac@hotmail.com || Pawn Shop Expert

  • Wayne said on May 19, 2013
    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!
  • A.Gururjan said on June 8, 2013
    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?
  • NOKY LINK CONSULTS said on June 22, 2013
    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
  • James Buchanan said on July 26, 2013
    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.
  • Schreiner Daryl Albert said on August 19, 2013
    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...
  • S.M. Burner said on September 26, 2013
    Wondering if North Carolina has any regulations on the "gold ie. Gold coins" that gets brought to pawnshops. Any help is appreciated.
  • Lloyd said on November 12, 2013
    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
  • jeff locke said on December 21, 2013
    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
  • LaVon said on January 9, 2014
    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.
  • john said on January 17, 2014
    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.
  • Bill Cz said on February 11, 2014
    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
  • Anandaganesh said on April 17, 2014
    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?
  • kenneth said on April 29, 2014
    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.
  • Pam said on May 1, 2014
    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
  • Tony said on June 9, 2014
    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....
  • 808dude said on December 10, 2014
    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
  • ANANTH said on January 21, 2015
  • lucky said on March 17, 2015
    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..
  • Steve Kiefer said on May 18, 2015
    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
  • IRAM ABBAS RIZVI said on July 27, 2015
    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.
  • Lovely said on October 1, 2015
    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.
  • naique said on March 19, 2016
    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
  • Robin Lamura. said on April 21, 2016
    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
  • Aliakbar Shah said on November 11, 2017
    good article is help me in a time to understand pawn shop works but rest are pending
  • shawn beginner adviser said on December 5, 2017
    I have opened 4 successful pawnshops from the ground up and have purchased 2 in my 24 year history. I was able to sell all 6 and have plenty of time to help "you" in your pursuit of getting into the pawn business. I've never officially consulted but am interested in do so. Contact me I can come anywhere in the country/world and help you get into business. Shoot me an email and lets see where it goes. Shawn pawnshop2004@gmail.com



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