Pawnbroker
Pawnbroker: Money lent on pledges, and bargains in the window. A pawnbroker lends against goods left as pledges: a suit on Monday, redeemed on Friday when the…
Money lent on pledges, and bargains in the window. Lend on Monday's suit and see it back on Saturday.
A pawnbroker lends against goods left as pledges: a suit on Monday, redeemed on Friday when the wages are paid, pawned again the next week. The law sets the interest and how long a pledge must be kept, and what is not redeemed is sold in the window or at auction. It is a trade of small loans, careful valuation and discretion, and hard times fill the shop.
- Setup costs
- £16,500 to £110,000
- Competition
- Medium
- Category
- Shops & High Street Services
Related businesses
- Independent Retail: Shops, boutiques, gifts
- E-commerce: Online shops and brands
- Convenience Store: Corner shops and minimarts
- Newsagent: Papers, sweets and a paper round