In talking to them I discover they are most interested in buying, selling, and trading secondhand goods. They are shocked to discover this is not the main business activity of a legal licensed pawnshop. I always suggest to them to consider opening a secondhand store as opposed to attempting to meet the requirements to become a licensed pawnbroker. This is important for you to realize.
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Contact Details Please call Very friendly and accomodating. The seminar was very informative. Really good and great learnings!Pawn Shop Business Plan – Executive Summary. Fidelity Pawn Shop is an outstanding pawnshop serving the various financial needs of people who need fast funds to settle their problems.
Pawnshops, dating back to ancient times, were the earliest forms of lending business institutions providing people with an easy, fast way to borrow small amounts of money with items of personal property used as collateral.
How does a Pawn shop works? Basically, the main activity of a pawnshop is lending money for interest based on valuable items that customers bring in. For every business to succeed you must have a business plan. money lending is a very lucrative business if well planned.
pls contact me at [email protected] for a detailed money lending business plan. its not free of course but the price is negotiable.
Nov 28, · As an entrepreneur, he was keenly aware of the Philippines’ potential for fintech innovations and he soon found an opportunity to disrupt one of the oldest industries on the books – pawn shops.
Also, do not forget to include your start-up cost such as the rent for your shop, the money needed for your opening day, salaries and wages for your employees (if any), taxes, insurances, and other business . May 30, · Thank you LightHouse for your response and feedback.
I have included the security and risk elements of the business PeoplePawn business model compared to the industry standard into our detailed business plan and operations manual.