Pawn Shop Exit Strategy Consulting… Why Do I Need It?
The pawn industry has seen major shifts in the market over the past few years. Your pawn shop’s worth fluctuates with those shifts and you need to stay flexible to…
Your Pawn Shop’s True Worth
You’ve worked hard to grow your pawn business and probably have a figure in mind of its current value. Deciding to sell certainly includes some emotional additions to the sales…
Mergers & Acquisitions: How to Get the Best Deal
Know your buyer better than you know yourself. Pawn business sellers typically engage in one of two scenarios. In one scenario, the seller calls a potential buyer and asks the…
How to Prepare for the Sale of Your Pawn Business Before Calling a Buyer
What exactly are the nuts and bolts required for pricing your pawn business? They’re in the pro forma you’re about to create. What’s a pro forma? According to Forbes, “Pro…
Translating Your Analyses into an Accurate Valuation
Nail down the right sale price for your pawn business. In my last two articles, Mergers and Acquisitions: How to Get the Best Deal, and, How to Prepare for the Sale…
Does Your Business Broker Know the Pawn Industry Inside and Out?
Last week, in our blog post, “Need Help Selling Your Pawn Shop? Watch Out for Pawn Shop Sale Consultants Who Don’t Put You First,” we discussed the importance of working…
Need Help Selling Your Pawn Shop? Watch Out for Pawn Shop Sale Consultants Who Don’t Put You First
A large number of companies that claim to help independent pawn shop owners sell their businesses also offer services to buyers. If you’re a pawn shop owner, on the surface, this…
Fewer Surprises and More Money
“One thing I’ve learned after 21 years, you never know what is gonna come through that door.” That’s what pawn shop owner Rick Harrison says at the opening of each…
Hire the Broker that Speaks Your Language
There are plenty of business brokers out there, but if you’re operating in a niche market such as the pawn industry, hiring a broker that doesn’t have experience in selling…
Your Pawn Shop May be More Valuable Now Than Ever
According to the National Mining Association, gold was discovered in America in North Carolina in the early 1800s. However, it wouldn’t be until 1848 when gold was discovered in Sacramento…