Timm Posted February 5, 2008 Share Posted February 5, 2008 (edited) "The Franchise Magazine" this week has a front page story about the stunning success of a Cash Generator Franchisee, who has earnt enough for an Aston Market in less than a year of trading. Cash Generator is a copy of the Cash Converter chain, and is essentially a pawn shop. In years gone by, pawn shops were seen as a proxy for financial stress, and their growing success an early indicator for recession. EDIT: Linky - http://www.thefranchisemagazine.net/franch...es-success/2496 . Edited February 5, 2008 by Timm Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted February 5, 2008 Share Posted February 5, 2008 Yes its booming - I ve heard our local entrepreneur has made his first million. I dont have the capital to start a business - but would like to in the next recession 20 years out perhaps! Quote Link to comment Share on other sites More sharing options...
azogar Posted February 5, 2008 Share Posted February 5, 2008 In years gone by, pawn shops were seen as a proxy for financial stress, and their growing success an early indicator for recession.. have you heard of this outfit? http://www.albemarlebond.com/ Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted February 5, 2008 Share Posted February 5, 2008 have you heard of this outfit?http://www.albemarlebond.com/ A little gem which has enjoyed slow steady growth since the mid 80s. They have committed to increasing dividends year on year too. AIM listing is a bad point preventing them being stored in a ISA. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted February 5, 2008 Share Posted February 5, 2008 Heres a interesting read from the abermale website http://www.albemarlebond.com/history Pawnbroking - lending cash against collateral - has existed for thousands of years as a means of raising money for both personal and business use. The word pawn originates from the Latin word for clothing, in former times given as surety. 500 years ago Queen Isabella of Spain pawned some of the Spanish crown jewels to finance Christopher Columbus on his voyage of discovery which landed in America. The universal three golden balls symbol of pawnbroking is taken from the arms of the great Medici banking family of Italy. One of the Medicis in the employ of Emperor Charles the Great fought and slew a giant with three rocks. The three rocks, balls, or globes became part of the Medici crest. Ordinary people, as well as many renowned artists, authors and actors, have used pawnbrokers as bankers and sources of loans. The traditional nursery rhyme Pop Goes The Weasel was originally a London street song telling of the cash flow problems that could beset the working man. A weasel is a hatter's dummy and to pop is to pawn. Half a pound of tupenny (twopenny) rice, Half a pound of treacle, That's the way the money goes... Pop goes the weasel. Quote Link to comment Share on other sites More sharing options...
insidetrack Posted February 5, 2008 Share Posted February 5, 2008 Pawn shops are great for gold bugs who want to raise a little short term capital, without selling any of their treasure. Pop a few of sovs and get a fistful of readies. By the time you want to redeem your little treasures they will have probably appreciated enough to cover your costs. Quote Link to comment Share on other sites More sharing options...
200p Posted October 26, 2014 Share Posted October 26, 2014 Abermale and Bond, one of the largest Pawn brokers in the UK went into Administration in May 2014. http://www.pwc.co.uk/business-recovery/administrations/albemarle-and-bond-holdings-plc/index.jhtml As a result of the decline in gold prices, 40 of the group’s pop-up stores were closed in 2013 --- This is why house prices cannot be allowed to fall - our banks and financial system would be in big trouble. Gold fell - and this backed the balance sheets of the pawn brokers. Quote Link to comment Share on other sites More sharing options...
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