Pawnshop Business

[peenitokss]

Share your inputs naman mga sis like pano mag operate ng isang pawnshop? I have read somewhere na 100k yong required minimum capitalization para makapagparegister sa BSP. 

Kayo mga sis na may pawnshop biz, how much yong initial revolving capital nyo? Kasi kung 100k lang then 5% interest, assuming naka-out lahat yong money, 5k lang yung income mo. Masyadong maliit considering na may mga operating expenses pa..

[iamreese]

maganda ata eh umattend ka ng seminar or class about pawnshop operation.

[peenitokss]

yes sis, i am considering that too.

Gusto ko lang muna humingi ng inputs sa mga GT sisters natin who have 1st hand knowledge/experience on this.

Thanks sis 

[aquacharly]

IMO, an initial revolving fund of P2Million - plus working capital for payroll, other operating expenses.  Like police protection fee, hehe.   

Darling, you earn more than straight 5percent. May fees, etc. It is the turn-over too that gives you more than 5percent.
In advance kabig, , so it is technically not just 5percent.

The best advice is this:

maganda ata eh umattend ka ng seminar or class about pawnshop operation.

Do not just "consider" -- you MUST go.

Mind how you will deliver Govt/required reporting requirements too.   Pay close attention to that.

[peenitokss]

waahhhhh 2M?!? laki pala. i thought we can start with merely 300k capital. hays.

anyway sis thank you for enlightening me.

[kolinetongue]

^300k for lending biz puwede....but for pawnshop...milyones ang capital

[peenitokss]

^ I've been to peer lending sis. 100k yong revolving capital ko. Pero nag stop na ko. Mahirap maningil lalo at wala naman collateral. Kaya naisip ko yong pawnshop kasi mas secured.

[RAC]

im selling a vault door used in a pawnshop before. PM me if interested.

[pinksapphire0821]

paano naman po pag cellphone pawnshop lang..ganyan pa rin ba kalaki ang capital?

ang laki naman? 

[Twinkle28]

More info pls^_^

[mameejhy]

MONEY BUSINESS

April 8, 2015 How to Start a Money Changer Business
April 10, 2015 How to Start and Operate a Pawnshop
March 25, 2015 How to Start a Micro-Lending Business

http://www.businesscoachphil.com/seminar-schedules

[linusoft]

Here are some useful information about starting a pawnshop business
1. How pawnshop works http://www.mixph.com/how-pawnshops-work/
2. Guide to Starting a Pawnshop Business http://www.mixph.com/guide-to-starting-a-pawnshop-business/
3. Pawnshop Operation http://www.mixph.com/pawnshop-operation-and-source-of-income/

[freiavida]

sa totoo lang, idol ko na si sis aquacharly, andami niyang alam hehe. 2M talaga, gusto ko rin to, kaso nauunahan ako ng takot. Takot para sa pamilya ko , madaming masasamang loob. Yun ngang laundry shop ko gusto kong lagyan ng rehas na nalalaglag para kapag pinindot eh basag agad yung kamay nung holdaper. Madami ngayon pumapatay para sa isang libo, malaman pa kayang me pawnshop ka. pero eto talaga yung longterm business goal ko, tsaka yung money changer. safety lang talaga ang kalaban at yung takot...