Is it worth turning my pawnshop into retail jewelry store
Is it worth turning my pawnshop into retail jewelry store. I have a pawnshop, we buy gold , jewelry and diamond, and sell it to a broker or online right away, we don't keep it long, but we sell it at wholesale price. But now me and my partner are thinking of saving the jewelry and buying more, and making it into a retail store.. Downside is we are keeping the item for long time, upside is, more profit. What do you guys think.
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