Pawn Shop Electronics - Home Theater Forum and Systems - HomeTheaterShack.com

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post #1 of 29 Old 02-07-15, 06:54 PM Thread Starter
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Pawn Shop Electronics

Do we have any pawn shop owners or employees here?

Curious, as I am about to open up a pawn shop and wondering how often you might score a good piece of vintage gear. I see a lot of junk in our local pawn shops and I always scratch my head at why the pawn shop owner would have purchased it, but I guess if you can make a buck or two on it, why not.

Anyone ever scored a really great deal on audio equipment at a pawn shop?
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post #2 of 29 Old 02-07-15, 07:13 PM
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Re: Pawn Shop Electronics

I have actually never bought at a PS so I can't help you there but I just wanted to say congrats on the new business. I hope you do very well so good luck. What are you going to call it, Maybe, Cedar Creek Redneck Pawn.....

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post #3 of 29 Old 02-07-15, 07:20 PM Thread Starter
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Re: Pawn Shop Electronics

Hillbilly Pawn... of course!!!
Thanks TC...

The name will be Upscale Pawn / Family Firearms

We probably won't do all that much in electronics. Some, but not a lot. Mostly what we will do is buy gold, jewelry and guns. We will probably buy a few laptops, iPads, flat screen HDTVs... things like that, but this will not be your average junky pawn shop. Everything will be in cases or behind the counter or cases.
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post #4 of 29 Old 02-07-15, 07:23 PM
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Re: Pawn Shop Electronics

Sounds fantastic, I wish I was closer so I could pay you a visit.

Onkyo TX-NR809 HT receiver
HPS-4000,SR-70, John Allen, Klipsch Heresy, Speakers for L.C.R.
QSC GX-5 power amp for L+R mains
Chase Home Theater PRO-10's for surrounds
Behringer EP 4000 pro amp for the Danley DTS-10 tapped horn sub
Oppo BDP-93 universal BD player
Toshiba HD XA2 HD dvd player
Sony VW-VPLPRO1 1080p PJ
Cinema White 1.0 gain 106" fixed frame screen
Dish network with 2 Hoppers and 1 Joey
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post #5 of 29 Old 02-07-15, 08:49 PM
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Re: Pawn Shop Electronics

I know the pawn shops here in Oz buy for 10% of the real value and sell at full price...
I have never sold anything at a pawn shop and have only ever purchased one item.

Yours seems to be much more ethical.

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post #6 of 29 Old 02-07-15, 09:50 PM Thread Starter
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Re: Pawn Shop Electronics

The rule of thumb is try to make 25% profit on your purchased items, at least it is around here in lower Alabama. Pawn rates are typically 25%. We plan to charge considerably less, but we might mark the defaulted pawned items up by 20-25%. New guns we only mark up 8-10% over cost. There is pretty good money in jewelry, but most of the gold we buy will be scrapped.
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post #7 of 29 Old 02-10-15, 04:20 PM
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Re: Pawn Shop Electronics

Sounds like a fun business. I could watch pawn stars all day. Different stuff brought in all the time would be my cup of tea. Kinda like garage sale shopping without the walking.
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post #8 of 29 Old 02-11-15, 10:20 AM
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Will you pawn, buy, and consign? My wife used to buy and sell her handbags through a local consignment shop. They would buy outright or let you sell through them for a % of the sale.
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post #9 of 29 Old 02-11-15, 10:27 AM
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Re: Pawn Shop Electronics

I shop a lot at pawn shops. You have to know cost of the items your looking for. I have picked up some really good bargains.

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post #10 of 29 Old 02-11-15, 11:35 AM Thread Starter
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Re: Pawn Shop Electronics

Quote:
orion wrote: View Post
Sounds like a fun business. I could watch pawn stars all day. Different stuff brought in all the time would be my cup of tea. Kinda like garage sale shopping without the walking.
I love that show, but I suspect we won't get anywhere near the offerings they do, nor the unique items they get. Of course I will be somewhat limited on how much I can spend on an item anyway. I can use up all my money on a $100K item.

Quote:
rab-byte wrote: View Post
Will you pawn, buy, and consign? My wife used to buy and sell her handbags through a local consignment shop. They would buy outright or let you sell through them for a % of the sale.
We have decided not to do consignment for right now, but may consider it later on after we get on our feet and going. Shoot me a PM and I'll give you my email (unless you already have it) and we can discuss it further.

Quote:
engtaz wrote: View Post
I shop a lot at pawn shops. You have to know cost of the items your looking for. I have picked up some really good bargains.
I think we plan on doing a facebook page and posting items their. And we will definitely ship.
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