Pawnshop Management Company - We Buy Gold

Over the last several years the pawn industry has experienced consolidation as larger companies, are gaining market share by purchasing individual “Mom-and-Pop” stores. This has helped erode the negative perception of the industry as pawn stores adopt mainstream store designs while continuing to provide short-term credit alternatives for the non-banking population. The pawnshops of today have rejected the small, dark environments located in low income areas and have elected sites in middle-class neighborhoods with facilities that resemble modern retail environments.

Since March 2000 PMC, Pawnshop Management Company, has focused on the acquisition of existing pawn stores and currently owns stores in Florida and Texas. Acquisition targets are stores that have not achieved their maximum earnings potential and are therefore undervalued in the market. Undervalued stores are usually the result of the store owner's inability to compete with the lending practices of the larger chain stores or a lack of sophistication with respect to the pawn business. Once acquired, the stores undergo modifications designed to increase lending capacity and maximize earnings. Inventory levels are adjusted and store interiors are updated to provide a well-lit, "mainstream" retail environment while management systems are introduced to provide effective oversight and control.

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