GC Pawn opens 8th pawn store in Lakeland Florida
Family owned and operated GC Pawn is proud to announce the opening of their first location in Central Florida
By: Gold N Connection LLC
The company was founded in 2008 when their first location opened in Pompano Beach. Owners Josh and Adam Davis hail from a multi generational pawnbroking family. Their grandfather, Martin, started his first pawn store in 1947 after returning from the war where he served as a watch maker. Their parents, aunts, uncles and cousins are in the pawn business as well with stores located in the NYC area operating under the names EZ Pawn Corp NYC and Gem Pawnbrokers.
The Davis brothers are looking towards a bright future in the Central Florida region where their stores will be female led by a longstanding employee named Betty. She has been with the company since their 1st year in business. A native of Central Florida, Betty is happy to return home where she will be providing the same excellent service to the Lakeland community as she has in South Florida over the past 10 years.
GC Pawn is an industry leader utilizing modern technology to advance a 3,000 year old tradition. They have developed their own point of sale software which allows their employees to perform transactions at lightening speed as well as allowing their customers to stay in touch with their pawnbrokers and maintain their pawn loans and layaway's online. They also have a large e-commerce presence across many platforms including their own website www.gcpawn.com
Frequently asked questions:
Q. What is a pawn loan?
A. A pawn loan is a short term loan backed by collateral. Pawnbrokers exchange cash for merchandise and return the merchandise upon redemption by the customer.
Q. How long is the term of a pawn loan?
A. The state of Florida requires pawn loans to be held a minimum of 60 days. GC Pawn holds all pawn loans for a minimum of 90 days and works with their customers to encourage redemption.
Q. Are pawn stores regulated?
A. Pawn shops in Florida are regulated on the state level by the Florida Department of Agriculture and on the local level by County and City agencies. All transactions are electronically reported to local police departments.
Q. What are the most common types of items that are pawned?
A. Jewelry is the most common item that is pawned. The other types will vary by region but include firearms, electronics, musical instruments, cars, boats, motorcycles, tools, sporting goods, collectibles, antiques and art.
Q. How old is the pawn industry?
A. The earliest pawn operations can be traced back to Ancient China over 3,000 years ago. Modern pawnshops trace their history back to European Medieval times where the Medici Family owned most of the establishments. This is where the current