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<p>[QUOTE="JCB1983, post: 1481417, member: 23885"]Once in a blue moon I get a wild spur. I've really been contemplating starting a small scrap bullion operation. In my short tenure at the pawnshop I have learned quite a bit about gold and silver. I'd be curious to know exactly how much capital it would take to get a small operation going. Rental fees, licensing, security, equipment, and plenty of starting cash? I have a friend in Virginia that basically started a table top operation and has turned it into quite an operation. If I'm not mistaken he was pretty much clueless when he first dove in. Granted he was coming off of 2 years of oversees contracting work and had plenty of startup money... but I believe I could get this capital through an SBA loan or possibly from the family if need be. My question would be how much startup money are we talking about? I envision a very small store, with some professional (not obnoxious) marketing, and a slightly less profit margin than my competition. I have surveyed the area and I basically have one run down pawnshop and two jewelry stores to contend with and an isolated population of 75,000 people. We happen to live basically on a peninsula in Southern Maryland. The pawnshop that I worked at was close to an hour away. Also should I look at this as a sole proprietorship or should I enlist the assistance/partnership of others? I suppose I should be asking dealers/store owners these questions but I am very curious as to any response.</p><p><br /></p><p>Thank You Kindly,</p><p>~Jason[/QUOTE]</p><p><br /></p>
[QUOTE="JCB1983, post: 1481417, member: 23885"]Once in a blue moon I get a wild spur. I've really been contemplating starting a small scrap bullion operation. In my short tenure at the pawnshop I have learned quite a bit about gold and silver. I'd be curious to know exactly how much capital it would take to get a small operation going. Rental fees, licensing, security, equipment, and plenty of starting cash? I have a friend in Virginia that basically started a table top operation and has turned it into quite an operation. If I'm not mistaken he was pretty much clueless when he first dove in. Granted he was coming off of 2 years of oversees contracting work and had plenty of startup money... but I believe I could get this capital through an SBA loan or possibly from the family if need be. My question would be how much startup money are we talking about? I envision a very small store, with some professional (not obnoxious) marketing, and a slightly less profit margin than my competition. I have surveyed the area and I basically have one run down pawnshop and two jewelry stores to contend with and an isolated population of 75,000 people. We happen to live basically on a peninsula in Southern Maryland. The pawnshop that I worked at was close to an hour away. Also should I look at this as a sole proprietorship or should I enlist the assistance/partnership of others? I suppose I should be asking dealers/store owners these questions but I am very curious as to any response. Thank You Kindly, ~Jason[/QUOTE]
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