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Anyone here ever think of opening a pawnshop? Anyone here ever think of opening a pawnshop?
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Old 09-03-2004, 12:04 AM   #1
Mr. Marks
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Anyone here ever think of opening a pawnshop?
Apparently, it's like shooting fish in a barell when it comes to making money. Any experiences?
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Old 09-03-2004, 12:08 AM   #2
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Its a good business to be in I think.. poorer people always need money for something or other.

I am friends with a guy that used to work in one though, and it's a lot of work...
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Old 09-03-2004, 12:09 AM   #3
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Do you like dealing with shitbags all day long? If you do then a career as a pawnshop owner might be for you.
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Old 09-03-2004, 12:11 AM   #4
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Quote:
Originally posted by EviLGuY
Its a good business to be in I think.. poorer people always need money for something or other.

I am friends with a guy that used to work in one though, and it's a lot of work...
Documentation work? Or finding buyers for pawned goods?
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Old 09-03-2004, 12:12 AM   #5
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Quote:
Originally posted by twistyneck
Do you like dealing with shitbags all day long? If you do then a career as a pawnshop owner might be for you.
So MOST people who pawn are automatically shitbags?
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Old 09-03-2004, 12:14 AM   #6
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Originally posted by papichulo
So MOST people who pawn are automatically shitbags?
Yes.
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Old 09-03-2004, 12:15 AM   #7
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Quote:
Originally posted by twistyneck
Do you like dealing with shitbags all day long? If you do then a career as a pawnshop owner might be for you.
Does that have anything to do with most all pawn shops being located in cities or lower class areas?
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Old 09-03-2004, 12:15 AM   #8
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I know someone that owns a pawn shop and yes its a big money maker. They do have to deal with a lot of bureaucracy. The worst part is seeing the people coming in with their kids bikes or Disney videos etc and the kids in the car. Sad.
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Old 09-03-2004, 12:16 AM   #9
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Lots of documentation.. it's like running a regular store with a whole other layer of bullshit added on top.
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Old 09-03-2004, 12:17 AM   #10
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Quote:
Originally posted by MissEve
I know someone that owns a pawn shop and yes its a big money maker. They do have to deal with a lot of bureaucracy. The worst part is seeing the people coming in with their kids bikes or Disney videos etc and the kids in the car. Sad.
I would imagine a lot of paperwork to determine that the goods are not stolen.

Anyone know what the % of value to 'pawn value' normally is? I would say its very low. Ie., something brand new costs $500, used value = $200, pawn value = $20 ?
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Old 09-03-2004, 12:17 AM   #11
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Originally posted by sickkittens
Does that have anything to do with most all pawn shops being located in cities or lower class areas?
It might have something to do with the fact that people in upscale neighborhoods dont usually pawn shit.
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Old 09-03-2004, 12:18 AM   #12
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You will eb dealing with the cops on a daily basis.

Sending them reports on what you have bought, and then having them in the stor for complaints.
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Old 09-03-2004, 12:20 AM   #13
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Quote:
Originally posted by papichulo
I would imagine a lot of paperwork to determine that the goods are not stolen.

Anyone know what the % of value to 'pawn value' normally is? I would say its very low. Ie., something brand new costs $500, used value = $200, pawn value = $20 ?
I dont know what the profit breakdown is between selling pawned goods and making money from the interest if someone actually gets their stuff out of hock but I think they charged 20% a month so you can imagine how the juice builds up.
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Old 09-03-2004, 12:21 AM   #14
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Originally posted by MissEve
It might have something to do with the fact that people in upscale neighborhoods dont usually pawn shit.
Exactly. "Shitty" neighborhoods are a gold mine, if you know what to look for.

Section 8 housing is fucking AMAZING. My buddy just buys crappy buildings, cleans them up, has cheap Mexican labor go over them with toothbrushes, and makes BANK leasing to Section 8 recipients.
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Old 09-03-2004, 12:26 AM   #15
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Quote:
Originally posted by papichulo
Documentation work? Or finding buyers for pawned goods?
Documentation
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I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
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Old 09-03-2004, 12:27 AM   #16
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Quote:
Originally posted by papichulo
So MOST people who pawn are automatically shitbags?
Actually there is 3 pawn shops arround here and they are in the worst spots of the city
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Quote:
Originally Posted by rayadp05 View Post
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
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Old 09-03-2004, 12:28 AM   #17
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Originally posted by Doctor Dre
Documentation
Automation, bro. Even fingerprinting is digitized now.
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Old 09-03-2004, 12:29 AM   #18
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Quote:
Originally posted by MissEve
I know someone that owns a pawn shop and yes its a big money maker. They do have to deal with a lot of bureaucracy. The worst part is seeing the people coming in with their kids bikes or Disney videos etc and the kids in the car. Sad.
I really don't know how I could accept them ... I think I'd be more likely to get a good american knuckle and kick their ass ... I'm a parent myself and I would NEVEr do that to my kid ... I'd eat Kraft dinner all year long b4 doing this
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Quote:
Originally Posted by rayadp05 View Post
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
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Old 09-03-2004, 12:30 AM   #19
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Originally posted by papichulo
Automation, bro. Even fingerprinting is digitized now.
They take your fucking fingerprints @ the pawn shop now ? I never pawned anything ... sorry I'm new to this shit
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Quote:
Originally Posted by rayadp05 View Post
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
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Old 09-03-2004, 12:32 AM   #20
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Originally posted by Doctor Dre
I really don't know how I could accept them ... I think I'd be more likely to get a good american knuckle and kick their ass ... I'm a parent myself and I would NEVEr do that to my kid ... I'd eat Kraft dinner all year long b4 doing this
they probably need the money to go and buy all those kraft dinners and ramen noodles. besides who cares? poor people are worthless peices of shit and will hopefully burn in hell.
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Old 09-03-2004, 12:34 AM   #21
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Quote:
Originally posted by Doctor Dre
They take your fucking fingerprints @ the pawn shop now ? I never pawned anything ... sorry I'm new to this shit
I can't see that happening in most porn shops that I've driven by.
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Old 09-03-2004, 12:38 AM   #22
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:stoned
can be a potential good business.
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Old 09-03-2004, 12:39 AM   #23
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Originally posted by skinnay
they probably need the money to go and buy all those kraft dinners and ramen noodles. besides who cares? poor people are worthless peices of shit and will hopefully burn in hell.
I'm sure in your family tree there were some poor people. Don't hate....
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Old 09-03-2004, 12:41 AM   #24
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there are big money makers in it:D
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Old 09-03-2004, 12:42 AM   #25
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Originally posted by skinnay
they probably need the money to go and buy all those kraft dinners and ramen noodles. besides who cares? poor people are worthless peices of shit and will hopefully burn in hell.
WTF man ... some ppl deserve to be poor ... but when you were born a way, sometimes you don't know nothing else .
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Quote:
Originally Posted by rayadp05 View Post
I rebooted, deleted temp files, history, cookies and everything...still cannot view the news clip. All I see is that fucking gay ass music video from "Rick Roll". Anyone else have a different link to the news clip?
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Old 09-03-2004, 12:50 AM   #26
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As long as it's legal, its a legit biz....
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