Okay, today we have a pretty basic question that I’m sure a lot of people ask themselves because they aren’t really too sure about how pawn shops operate in general.
The question is this: What time do pawn shops open?
The answer to that question is not entirely straightforward. Pawn shops are not like big box stores in that they do not follow the same set of rules from store to store.
Pawn shops are owned by thousands of individual small business owners that each have their own ideas about what the best hours of operation will be for their businesses.
However, with all of that mind, most pawn shops are going to follow what are known as banker’s hours.
Pawn shops are basically a financial services industry, and because of that, they will adhere to many of the same rules about operation that most large banks do.
You can typically expect a pawn shop to open somewhere between 9 AM and 10 AM, Monday through Saturday.
That having been said, there are some pawn shops that are closed on Wednesday, and almost all pawn shops are closed on Sundays.
If these hours of operation don’t really make much sense to you, I understand. You have to keep in mind that the pawn industry, as previously mentioned, is a financial services industry.
Because of that, they are going to be open during normal business hours, typically when people need them the most.
Just like banks, pawn shops will also often close between the hours of five and six.
This is just an industry standard across the country, and is not going to apply to all pawn shops. They’re going to be some pawn shops that open earlier, or stay open later, for instance.
Why Do They Do This
You have to keep in mind that pawn shops hold a lot of money.
Pawn shops are a potential risk for robberies. Robberies at pawn shops can be more violent and more prone to happen during nighttime hours where there’s not as much light and fewer people on the street.
Because of that, they want to be open when the streets are as busy as possible, there is the most light possible and therefore the most deterrents as possible against theft or robbery.
Additionally, daytime hours are when pawn shops will typically see the most foot traffic through their stores.
It doesn’t make sense for pawn shops to be open when nobody’s going to be in them. They are like any other business in that regard. They want to be there to serve their customers needs, but not be open so long that they end up wasting a bunch of time and money paying employees, paying for lighting or other associated operating expenses when they don’t stand to do a whole lot of business.
For instance, a store like the Home Depot is not typically open 24 hours a day.
They’re going to be open during the day, when contractors are busy working on job sites.
This is the exact same thing the pawn shops do, except that they are there to provide loans to people who need to pay bills during the day.
The Nerds Opinion
I understand that some people may want a pawn shop to be open later, or even open earlier than they currently do.
That having been said, many pawnbrokers are just like anyone else in that they have friends and families that they would also like to see.
They are people just like you and I who want a little time off work to have dinner with their family, enjoy an evening out with their friends, or wake up at a reasonable time.
Just like anyone else that has a job, pawnbrokers are your average person just looking to operate a good solid business that people can enjoy and use when they need to.
WordPress junkie, music lover, and consumer of all things pizza-oriented. I’ve run pawn shops and check cashing operations for years. I developed the most successful digital marketing marketing strategy for pawn shops known to date, and flip items on eBay for fun.