Selling a Pawn Business Is Complicated Selling a
One man’s luxury trash can become your treasure when you browse high-end pawn shops.
You can find plenty of jaw-dropping deals at. Many affluent individuals turn to pawnbrokers whenever they need quick cash. After all, just because someone is asset wealthy doesn’t mean they are paper money rich. Finding these pawned gems is often the goal of many deal-seekers.
Here are some of the diamonds in the rough—or in five-prong, platinum settings—that you may find on the shelves at your favorite luxury pawn shop.
Fine Art at Its Finest
When was the last time you saw a Warhol original in person? If you’re like most people, the only time you view famous art collections is at a local museum. However, if you know where to shop, you can actually purchase an authentic Monet to hang on your own bedroom walls.
Art collectors take great pride in purchasing expensive art to showcase in their homes. The wealthy often buy their most coveted works at auction and have the paperwork to prove their authenticity. However, if they decide to renovate their home, a few paintings may no longer fit into their desired aesthetic. In some cases, these fine art pieces end up in pawn—and resold for a fraction of the price that you would pay at auction. If you want to become an art collector, start scouring the shelves at your local pawn shop.
Dripping with Diamonds
Diamonds are a girl’s best friend, and the rich like to adorn themselves with dazzling stones and gleaming precious metals. Most wealthy individuals have an impressive jewelry collection. Every formal event is another reason to show off these prized jewels. And, of course, no one would dare risk their social status and wear the same necklace twice.
What happens to all these forgotten pieces? Instead of letting their exquisite rings, pendants, and bracelets collect dust in a jewelry box, many people opt to sell them for quick cash. If you want to build a gold and diamond collection that is sure to turn heads, check out a pawn shop for some hidden gems. Cartier, Tiffany, and Harry Winston may become a few of your best friends, and no one else needs to know where you met them.
Drive Home in a Luxury Ride
What do you drive? Hondas, Toyotas, and Fords fill the expressway, but at posh pawn shops, Ferraris, Porsches, and Lamborghinis are king. You’re not going to find these luxury vehicles at the local used car lot. But, your favorite pawnbroker may have them for sale.
The rich like to zoom around in flashy, high-performance vehicles—the kind you need at least a six or seven-figure salary just to take on a test drive. But, when a luxury car owner wants to get some fast cash for their ride, they may sell it to an elite pawn shop. Say goodbye to your gas-guzzling Buick and hello to an energy-efficient .
Literal Liquid Assets
A glass of red wine is the perfect way to unwind after a long day. But if “Two-Buck Chuck” from Trader Joe’s fills your wine rack, it may be time for an upgrade. Where do you go for that perfectly aged bottle of Château Pétrus? You should ask a local pawnbroker if he has any in stock.
That’s right. Some of the most opulent pawn shops actually carry a vast assortment of wine, champagne, and other spirits. The wealthy often have more wine than they could ever drink. Selling to a broker is the easiest way to clear out their liquor cabinet and make a few dollars at the same time. Pawn dealers scrutinize every bottle, inspecting the condition of the label and cork before they buy. You may be able to purchase hard-to-find, collectible bottles, and increase the status of your home wine collection.
Improve the Offerings at Your Pawn Shop
Buyers go to pawn shops in search of the best deals. What one person may discard, another may cherish for a lifetime. Luxury pieces are always hot ticket items, and dealers make a decent profit on these pieces. It’s all about finding the right buyer. Too many shops, however, don’t want to take the risk and avoid high-end purchases like the plague. But if you provide your customers with exclusive, hard-to-find collectibles, your shop will rise to the top.
Could your company use a boost from an expert? Pawn Shop Consulting Group knows what it takes to transform an unknown pawn shop into the most revered shop in town. Our consulting team will connect you with buyers looking for deals and individuals needing secured loans. We will improve every aspect of your business, from embracing technology to updating your financial data.
with us to start competing at the same level as popular high-end pawn shops.