How to Start a Pawnshop Business Franchise

By | Dec 20, 2011

If you have any interest in the Pawn Industry, read on. If not, DELETE NOW!

The pawn shop industry is experiencing tremendous growth and prosperity in spite of having an image problem. Reality TV and tough economic times for the US economy during  the next several years promises continued profits for pawn operators.

TV shows like “Pawn Stars” have reminded consumers and entrepreneurs  that the  “world’s oldest profession” – think PAWN – offers opportunities for getting cash for the former and opportunity for the latter.

Still the challenge of getting consumers to take that first step through the pawn shop door can be daunting.
As one Money Mizer pawn shop operator pointed out regarding typical customer perceptions, “They envision a small store with poor lighting,  a shady operation, with pawn operators trying to take advantage of you. That’s just not the situation any longer. Our pawn stores are elegant, well lit, and employ customer oriented, knowledgeable staff. Our goal is to provide our customers with a temporary loan, solve their current financial problem and create a long-term relationship by adding one more financial choice for our customer.

The latest quarterly profits at the three publicly traded pawn store operators reflect the growth the pawn industry is enjoying. Cash America International Inc., Ezcorp Inc. and First Cash Financial Services Inc. each reported net incomes that were up at least 25 percent from a year ago.
Pawn shops have entered the realm of pop culture with the History Channel’s reality TV show Pawn Stars. “We’re experiencing a surge of customers who have never been in a pawn shop before,” Money Mizer said. “They are fascinated by it!”

The average pawn customer is 36 years old with a household income of $29,000. Eighty percent are employed and a third are homeowners, according to figures from the National Pawnbrokers Association. People come into pawn shops from all income levels; from public assistance to wealthy individuals.

So, if you’re like me and are intrigued by the pawn shop industry and want to dig a little deeper into the opportunity, read on. We bring to your attention the Money Mizer Franchise Opportunity. Check out their offering below and follow-up with them directly to explore…
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With financial challenges, increased debt and a lack of banking relations putting the pressure on so many Americans, there has never been a better time to offer your community a full range of pawn, banking and retail services.

The Time Is Right

The Money Mizer franchise program is a tremendous opportunity and it could be just right for you. We provide the support you need to open and operate your Money Mizer business. We assist with everything from site location to store layout and from start-up assistance to specialized software for monitoring business functions. The operations manual is detailed and comprehensive making the Money Mizer franchise program complete and fully functional so that you can grow your business in every way.

Taking Pawn To The Next Level

Since founding our 1st store in 1980, we have broken new ground in the pawn industry by developing unique, high-end stores that offer quality new and used products at bargain prices as well as comprehensive niche banking services. We also use the internet to expand our market reach. This is the business model we build on with all our franchise partners. It’s a winning formula that can work for you, too.

Start Making It Happen Today

Visit us online: http://moneymizerfranchises.com/contact_us.htmll
Or call for immediate info: 855-482-PAWN
franchise@moneymizerfranchises.com

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And if you’re an advertiser or vendor offering solutions to the AFS industry contact us to appear here and in our Newsletter. 702-208-6736 Jer@TrihouseConsulting.com

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4 Comments so far
  1. Luke December 20, 2011 9:16 am

    Thanks so much for this article. I am wanting to get into the payday loan industry. I think purchasing a franchise is a great idea. Thanks so much for the link I will fill out the information and go from there. Thanks again.
    Luke

  2. Leila December 22, 2011 1:47 pm

    I’ve been a check casher in Ohio for 10 years. I’ve been intrigued by the pawn shop industry for years. After reading this piece on the pawn industry, I plan to followup with money mizer after the holidays.

    Leila

  3. Henry May 27, 2012 8:22 pm

    I am a Money Mizer Franchisee about to open our first shop in Jacksonville Florida. The support from Money Mizer is truly the BEST !!! They come through with what they promise and much more.

  4. Pinterest.Com July 26, 2014 5:18 am

    It is renowned for its big face and enormous numbers.

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