How to Start a Pawnshop Business

By | May 13, 2014
Add Pawn -Collateralized Loans

Add Pawn & Collateralized Loans to Your Store

Collateral Lending Made Easy: Turn-Key Pawn for Stores

Add pawn  to your existing business. Everything included to make this easy for you!

Are your profits down? Is your check cashing, payday loan or cash for gold revenue plummeting?   Regulatory environment more difficult? Going to “lose” your bank account?

Pawn-Safe has the solution for you. Pawn-Safe delivers a turn-key program that offers increased revenues, non-MSB regulations, and a stable regulatory environment.   Pawn-Safe is a robust software and business model designed to help small financial service store fronts benefit by providing collateral lending as an additional service to their clientele.

  • Pawn-Safe Delivers the Whole Package
    • Software
    • Training
    • Collateral Valuation
    • E-Commerce Management
    • Reporting
  • How Do You Benefit by using Pawn-Safe
    • Increased Revenues
    • Increased Traffic
    • Additional Service to Satisfy your Customers
    • Better Utilization of Employees and Location
    • Added Value to your Business
  • What is Required for Starting a Pawn-Safe Program in your Store
    • Space – You need space for a safe, 16 feet of storage shelving, internet access, a laser printer, a label printer, a hand scanner (optional)  and some work area. (Approximately 150 sq. ft. will get you started)
    • Personnel – Initially most stores use only existing personnel
    • Capital – Start up and Equipment Costs, Funds to support loan growth
  • Our Program is Not Just Software   It includes:
  • Valuation Buying / Selling Software  The software will enable you to determine the value of an item your customer wants to sell or pawn with you and tell your employee what they should pay or loan for the item based on your specific profit criteria.
  • Online listing Software  The software will value items by searching the internet and return a suggested value configured by you according to the profits you want to maintain.  The software will auto list items on Amazon and you can keep the items out for sale on the sales floor at the same time.  Whichever selling venue sells the item first the software will de-list from the other venue.  On Amazon the software will re-price once a day to either lower or increase the selling price of your item to maintain an asking price equal to the lowest price on Amazon less  1 penny.
  • Training  Software procedures, collateral evaluation, inventory control, police procedures and relations.
  • Licensing The team at Pawn-Safe knows exactly what licensing you need (if any) and the fees you can charge your customers. We’ll help you navigate this.
  • Ongoing Support   Software Support (database and procedures), collateral valuation  databases and calculators,  E-Commerce management, valuation up-dates.

Request more information and see how your store can begin making more money immediately: PAWN-SAFE Click here.

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8 Comments so far
  1. H May 13, 2014 9:59 am

    Trihouse,

    This is appealing! I have 3 cash for gold stores; they’re dying! How long to implement this new service? What fees can I charge? Licensing?

  2. John Y May 13, 2014 10:01 am

    So, the software platform is cloud based? I can run this operation from one location and maintain visibility of all my locations?

    I love the automatic Amazon bidding piece! Ebay as well…

  3. Heather May 13, 2014 10:04 am

    This is exciting. We have 6 payday loan stores and we are facing challenges with our bank; maintaining our operating account. Since pawn is fully compliant with the licensing authorities in my state and is not listed as “high-risk” by my bank. I would certainly like more info and implementation ASAP. I filled out the Form already.

    Thank You,
    Heather

  4. Payday Loan Industry May 13, 2014 10:06 am

    We’ll schedule a follow-up call with you this week, Heather. We have your contact info.

  5. Payday Loan Industry May 13, 2014 10:07 am

    Yes, exactly. And you’re correct, the Ebay and Amazon integrations are fantastic; all automated!

  6. Payday Loan Industry May 13, 2014 10:07 am

    Takes about a week unless licensing slows you down.

  7. Jeffrey May 14, 2014 4:11 pm

    Do you think that could transfer online?

  8. Payday Loan Industry May 14, 2014 4:12 pm

    Yes. The platform is “in the cloud.” Store-front modules; integrated with Amazon, Ebay..

    It’s more than a software application. We train clients to be pawnbrokers with access to tools and instructions to succeed and instruct them in product valuation, pawn related communication techniques, lending/buying, ecommerce procedures, inventory management and corporate oversight functions.

    The 2 principals have 72 years combined experience in pawn. They sold their previous pawn biz to a publicly traded pawn company. Their non-compete recently expired.

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