The Pawnbroking industry is one of the oldest trades in the world. Its origin is traced back over 3,000 years to ancient China when peasants would trade personal items, typically clothing, as collateral in return for cash loans. As time progressed the trade spread to ancient Greece and Rome, eventually becoming a worldwide “banking” system for those needing small short-term loans.
If you have ever visited a pawnshop in recent years, you will have seen for yourself that the typical loan on clothing has been replaced with an array of items. In present day individuals can pawn their jewelry, electronics, collectables, musical instruments, and just about anything of value. Pawnshops serve the 30% of unbanked or under-banked population and those who cannot obtain the small loan they need from a bank. Our clients range from those individuals who are pawning a laptop to help pay a bill to those who pawn a Rolex watch to help make payroll while waiting on reimbursement for services. Whatever the need may be the bottom line is it is hard, nearly impossible, for banks to provide the assistance our clients need which puts our franchised business model in-demand.
The growth of the pawn industry has positioned our business to help future business owners and our franchisees make high profit margins using multiple streams of revenue ranging from interest paid on loans to in-store retail sales to online sales. And it is a recession-proof industry! When the economy is poor our loans base grows, and when the economy is stable our retail sales are booming. Money Mizer Pawns & Jewelers is revolutionizing the franchise industry with an uncommon, upscale pawnshop experience while offering a recession-resistant business model to current or future business owners. We invite you to come grow with one of the newest, highly profitable franchise conceptions of 2015!