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Pawn Broker franchises in the US

We currently don’t have any listings under this category but we have put together concise industry analysis below to help you make an informed franchising decision.

Alternatively, you can check out our franchises home page to search for a particular franchise or similar category that may match your search requirements.

Franchise Spotlight: Pawn Broking

Analysis shows that the pawn broking franchise industry is recession proof and here to stay.

Pawnbroking is an age-old industry that has been around for hundreds of years. It is an individual or business that offers secured loans to people, in exchange for personal items used as collateral. A whole host of items are accepted as pawns including: jewelry, ornaments, musical instruments, electrical equipment or any other items of reasonable market value. In this sector, there are a host of franchise brands on offer.

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As a pawnbroker, you will interact with people from all walks of life. Typically, customers are strapped for cash and in need of a quick financial boost to help make ends meet. Pawnbrokers provide a real life-line to those in need. One of the great benefits of this industry is that it’s not only recession-proof but will actually thrive during economic downturns. Classed as financial institutions, pawnshops were permitted to stay open in the US during the 2020 pandemic and, in turn, saw an increase in business, as many US citizens found themselves needing quick assistance to meet their daily financial needs.

Pawnbrokers need to have a sharp eye for detail and the ability to do an on-the-spot valuation. Though do not panic, the franchise will typically provide full training in this area, as well as start-up and ongoing support, marketing assistance and the banner of a recognized brand. Brand recognition is important in this sector, as customers want to feel they are in safe and reputable hands. Franchisees will need to have strong customer service and money handling skills, and the ability to stay on top of the latest rules and regulations.

Pawnbroking is a long-standing industry that will remain embedded in our society for years to come. Be sure to do your research to find the right franchise for you and your success!