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Jack Daugherty founded Cash America in 1983 (possibly 1984), [3] after prior experience running a pawn shop and a failed venture hunting for oil. [4] He reinvested his earnings into acquiring more pawn shops, growing his business to 36 locations by 1987 and 101 at the end of 1988. [ 4 ]
Since pawn shops typically offer somewhere between 25% and 60% of an item’s resale value, you’ll need to pawn an item worth between $835 and $2,000 to get $500. Jewelry Concentrate on items ...
If you pawn a piece of jewelry worth $1,000, you might get a loan amount of between $250 and $600, but you won’t get the value of the item. And, of course, you’ll risk forfeiting a $1,000 piece.
It is a publicly traded company listed on the NASDAQ stock exchange [4] and is the second largest pawn shop operator in the U.S. [5] after Cash America International. As of September 30, 2021, the company operated 1,148 stores, 516 in the U.S (with 44% located in Texas, 18% in Florida and the remainder spread across 18 other states), 508 ...
Pawn shop owners charged A family that owns several pawn shops throughout Central Illinois is being charged by the Illinois Attorney General for allegedly running an organized retail crime enterprise.
Forty-two Road Ranger c-stores were purchased in March 2015 in Illinois, Iowa and Kentucky, [5] bringing the number of convenience stores to about 750. Locations were rebranded to the Fas Mart brand. 2016 was a busy year for acquisitions, with Apple Market's 76 stores were acquired in 2016 in Virginia and Kentucky from Fuel USA. [6]
Sam and his sons began operating on "cash-and-carry", able to offer lower prices than when taking on the risk of contractors buying on credit. The company eventually adopted the Payless Cashways name, but new locations were added using Furrow's due to trademark issues in Texas, Oregon, Missouri, Kansas, Oklahoma, California, and Indiana.
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