Opening up a pawn brokers

[rich12]

Not something I'm going to do (unless it's a sure fire way to make me billions ha) so just interested in the capital costs etc.

How much start up capital would you typically need to be able to offer what would come in for an average shop?
How much are bad debts?
Assuming you don't lose out too often as you never loan close to the retail value?
How do they enforce repayments?

Is it a business that is dying?

Yes I've been watching an episode of posh pawn

Edited by rich12 on Sunday 25th February 19:52

[rich12]

Is there a generic interest/time period?
If you pawned something worth £5k, what sort of interest would you pay and are they usually short term or long term pawns?