Posts
17017
Joined
3/19/2008
Location
US
Edited Date/Time
1/27/2012 5:06am
I gotta figure most people would pick Pawn Stars but for me it's a tossup. I guess because the Pickers are fairly local to me. I stopped at the gas station right next to their shop many times over the years and never knew. I always go through there on the weekend so they are never open. Yeah, I'm a goober.
The Shop
Far as loans, it's 3% a month and you have 90 days to pick it up or they sell the item.
sure, it's getting rich off people who can barely make it, but it's business. BIG business all across America.
If you are in one that is overflowing with stuff make a low-ball offer.
But based of my experiences most of what's in them is junk.
On one of the episodes I thought I heard one of them say that they have something like 40 employees. If that's true then that's a big payroll that they have to meet every month.
My friend bought a pawn shop that was huge. He ran it with his father for 7 years and it averaged $900,000 gross a year. they sold after 7 years and now do payday loans and buy/sell jewelry (gold) and 2 weeks ago he told me they make way more than the pawn shop did.
On the other hand - several small pawn shops not far from me have pure shit and are always empty. I think the more shitty the location (neighborhood) the better they do.
Pit Row
How did you pull that number up? Are you saying that they make 300 stops a year??? I highly doubt that.
Dont take this interweb stuff so seriously!
Obviously these guys are getting major cash from their TV package...but before that, how were they making it?
Big Rick-"What were you looking to get for it?"
Customer-"$4,000"
Big Rick- "I will give you $400"
Customer- "ummm.....OK!"
Cracks me up everytime!
http://www.rcreader.com/news/american-pickers-feature/all/
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