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How Do Pawn Shops Make Money?

Writer: Glenda CraddockGlenda Craddock

You have probably heard that pawn shops are a great place to get a good deal. What you could be wondering is...how do pawn shops make money? Of course, a pawn shop has to make a profit in order to stay in business, but because of our business model, we are able to provide great services and great prices for our customers, all while making an income. There are a few ways that pawn shops like Hilltop Pawn make money...from buying and selling jewelry and items of value, granting pawn loans, and even offering jewelry repair. Have questions about what we do here and how we can help you? Visit our Virginia Beach pawn shop, or give us a call at 757-769-7254 today!


Rose-shaped ring in a purple velvet jewelry box

Pawn Shops Buy & Sell Jewelry: Sell Your Jewelry Today

If you have ever visited Hilltop Pawn, you might have noticed that our store is more like a high-end jewelry boutique than anything. The way that we acquire inventory is by buying unwanted jewelry from locals who are hoping to get a cash payment for it on the spot. Then, we completely refurbish it -- we perform any repairs that might be needed, and clean and polish it. Then, we resell it. It's a win-win-win...someone who wants to sell their jewelry can do it easily by working with us, and someone who is looking for a good deal on pre-owned jewelry can shop with us and find what they're looking for.


We Offer Jewelry Repair at Hilltop Pawn in Virginia Beach

Not all pawn shops offer jewelry repair services, but since we're focused on jewelry here, that's one of the services that we offer. We do fast jewelry repair in-house. Get your jewelry repairs done quickly and affordably at Hilltop Pawn...we'll take great care of your piece and will get it back in tip-top shape.


We Offer Pawn Loans | No Credit Check, No Hassle

We offer pawn loans, which are easy, no credit check loans that are perfect for those who are looking for an easy way to borrow money. You can borrow money with ease by working with us, and in exchange, we make a small profit in the form of interest and fees.


As you can see, there are a few ways that pawn shops like Hilltop Pawn & Jewelry make money, all while providing useful services for Virginia Beach residents. Ready to get a great deal on jewelry, sell your unwanted items of value, or take out a pawn loan? Need help with jewelry repair? Give us a call at 757-769-7254, or visit our Virginia Beach location today!

 
 
 

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