Category Archives: Pawn Shops

How to Sell Your Pawn Shop

  Pawn business sellers typically engage in one of two scenarios. In one scenario, the seller calls a potential buyer and asks the buyer to put a value on their business (usually as a result of receiving a buyer’s generic flyer in the mail). In the other scenario, the seller responds to a call from […]

Three Mistakes Every New Pawn Shop Owner Makes, And How to Avoid Them

When it comes to opening a pawn shop, there’s a lot to think about and many mistakes you can make. As there’s no formal degree you can get or official courses you can take to become a knowledgeable pawnbroker, there’s a lot of independent research to do and individual classes to take to feel prepared.

Will I Need a License to Become a Pawnbroker?

There are a few essential things to understand about the pawnbroker industry. Like every type of business, there are legal requirements and limits that you need to be aware of. In fact, the pawn business is a heavily regulated business model for most states, making the pawn contract a legal contract in that state.