Pawnshop Management Company

The Company

Pawnshop Management Company, Inc. (PMC) is a growth oriented organization headquartered in Fort Worth, Texas. The PMC model for continued growth includes the acquisition of existing pawn stores in key markets. The dominant segment of the U.S. pawn industry, estimated to be 92%, remains in the control of individuals who own fewer than 3 stores and in most cases are single storeowners. Smaller operators tend to loan less "per item" than larger chains, with greater cash resources. Acquisition targets are commonly undervalued because they are not realizing their full profit potential due to limited capitilization and/or ineffective retal practices of the existing owner.

The PMC acquisition process includes a thorough inspection of all issues relating to the current and future performance characteristics of the store. These issues include, but are not limited to, population trends and density, proximity of the principal consumergroups, traffic counts, average household incomes, and the location and economic impact of competing stores. The acquisition process includes certain operational issues including an audit of loans and lending practices, merchandise inventory, effectiveness of existing signage, lease terms and a summary of necessary leasehold improvements. As many as 50 categories of information are explored and examined.

The management team at PMC recognizes the social and economic benefits of the pawn industry and supports the movement away from the small, dark stores located in less desirable markets to modern retail facilities in middle America. With this enhanced retail image, PMC stores can attract an increased variety of borrowers and buyers.

Limitation of Liability