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<p>[QUOTE=&quot;BooksB4Coins, post: 2319198, member: 36230&quot;]As the other gentleman said, the Internet is greatly changing this business, but we mustn&#039;t forget where a sizeable portion of online offerings originate. There is still a lot of business to be had face-to-face, but it isn&#039;t as easy as it once was, and if you&#039;re main focus is buying metals, should understand that a LOT was pulled from hiding a few years back and will have at least some effect on business. I&#039;m not sure if this type of thing is what you&#039;re banking on, but if it is, you&#039;re late to the party. This certainly isn&#039;t to say such people are the only option for public buying, but the days of effortlessly filling buckets are over.</p><p><br /></p><p>Similar to what the other gentleman said, your local market will dictate the viability of such a project; if &quot;<i>taking over a pawnshop</i>.....&quot;, why is the past owner getting out of the business? His area may have only three retail locations, but this is not automatically indicative of how things are everywhere else. Before starting such a business, you need to DO YOUR HOMEWORK, especially if dropping twenty grand into a bulletproof glass setup (why, if already established, is this an immediate necessity?). $30k may seem like a decent starting inventory, but if the goal in taking over this shop is buying to resell online and you&#039;re low on funds, it isn&#039;t doing you a lot of good as is. Even $30k total in on hand cash is, to be totally honest with you, likely very low, especially if your plan is to resell online, which is also likely to tie up cash. While most buys are likely to be smaller, larger opportunities do present themselves, and if you can&#039;t make it happen, well, you just cut your own throat in more ways than one.</p><p><br /></p><p>Knowledge is KEY to success unless one&#039;s plan is to burn everyone who walks in the door, and in which case, you&#039;re not likely last long. Even with erring on the side of caution (which will not endear you to quality repeat customers) it&#039;s still all too easy for someone lacking in said knowledge to make &quot;unfortunate&quot; moves. You both need to be completely honest with yourselves about your true abilities. It may sound like endless fun to buy and deal with the unknown public, but it isn&#039;t always this way and there are a lot of ways you can screw yourself. You also need to be keenly aware of your local laws, but the main point here is if serious about this, you&#039;ve a lot of work to do and have many honest questions to answer (to yourself).[/QUOTE]</p><p><br /></p>

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