The pawnshop business in Ukraine is quite well developed, but it will be very difficult to open a new enterprise and survive in the market. The reason for this is the high competition from large enterprises, the increased attention of the state to this area of entrepreneurship and the need for large start-up capital. What do you need to do to open a pawnshop?
Instructions
Step 1
Do not invest your last funds in opening a pawnshop. This business is quite risky, so there is a chance to be left with nothing, and even be in debt. Prepare to work with a huge amount of documents and for constant contacts with various inspection bodies.
Step 2
Find a suitable room. It must have an area of at least 60 square meters and be divided into several parts: in the first, clients are received and the property to be pledged is evaluated, in the second, pledges are kept. There should be a room for an accountant and a cashier, as well as a trading floor where things that remain unredeemed are sold. The building should be well renovated and beautifully decorated, as clients will judge your welfare and reliability by it.
Step 3
Prepare the necessary papers. This is a very long procedure, but the main documents are permission to trade in jewelry, issuance of loans, certificates that all your employees have passed the necessary training. You will also need to register an LLC, register with the tax authority and an anti-money laundering organization. This is just a small part of the bureaucratic process, so be patient.
Step 4
Equip the room with everything you need. You will need a jewelry scale, a showcase, a cash register, and a computer with licensed pawnshop software. A large and reliable safe for storing mortgages is also required. Do not risk your company and the health of your employees, install an alarm and hire security.
Step 5
Pick up staff. You will need to find an accountant, cashier and merchandise appraiser. The prosperity of the pawnshop depends on the appraiser, so choose a professional. You will also need an administrator, but you can perform his functions yourself.
Step 6
Determine the interest rates and you can open a pawnshop. If the enterprise keeps afloat, all expenses for its organization will pay off in one or two years.
