Desmond Davis
St. Leo, FL (USA)
Role(s):
Founder/Owner/Principal
1st Pawn
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Startup
Location:
St. Leo
Industry:
Other
Year Founded:
2011
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
The business I have started is a Pawn Shop. I have been in the Pawn Industry for over 16 years. The business is a cash/ commodity business. Florida offers a 25% interest rate on a monthly basis. The concept is simple loan 25% of new retail and sale at half of retail. With the gold market as high as it is you can't loose and it's a sure return on your investment.