Pawn X-Change/ Maxit Pawn

About Pawn X-Change/ Maxit Pawn
"Pawn X-Change/Maxit is one of the largest privately owned chains of pawnshops in the country. Founded in 1993 with a single store in North Seattle, the company has grown to 30 stores (and 270 employees) located in both Washington and Arizona. In Washington, we're known as Pawn X-Change. In Arizona, we use the name Maxit. Although the names are different you can be assured that all of our stores are the best in the industry.Our success has been a result of always putting our customers first. We pride ourselves on the relationships we build with each and every customer. In a recent survey over 98% of our customers told us they were very satisfied or extremely satisfied with the service they have received. Additionally, 98% said they would recommend our services to a friend.As we continue to grow, our philosophy will never change: provide exceptional service in a friendly, caring and professional environment while always recognizing the needs of our customers and treating them with dignity and respect." (http://www.pawnxchange.com/about/)

Future of Pawn X-Change/ MAxit Pawn
"Pawn X-Change, which expects revenues of $38 million this year, seeks to separate itself from the stereotype of the dingy and disreputable pawnshop. Power tools, guitars, TV and electronics — but no firearms — are carefully arrayed around a well-lit store staffed by cordial employees wearing company shirts.In 2007 the company's same-store sales, measuring results at locations open at least a year, were up 8 percent" (The Seattle Times Company,Sunday, June 1, 2008, http://seattletimes.nwsource.com/html/businesstechnology/2004450339_sundaybuzz01.html)

History of Pawn X-Change/ Maxit Pawn
"Revenues zoomed to $5.5 million last year, up 293 percent from 1995, to rank Pawn X-Change as the 19th fastest-growing private company in the state.Shain, Pawn X-Change's CEO, said he expects $8 million in revenues for this year and $13 million for 1999. He expects to grow to 35 stores, likely to include some out-of-state, by the end of next year and to "several hundred" in five years."(Puget Sound Business Journal (Seattle) - by Joe Nabbefeld Staff Writer,Friday, October 30, 1998,http://www.bizjournals.com/seattle/stories/1998/11/02/focus17.html)

1993: The first Pawn X-Change store is opened in North Seattle,WA May 1994: The second Pawn X-Change store is opened in Renton,WA 1995: Four additional stores are opened, bringing the total to six August 1996: To create a more "family friendly", firearms are no longer sold in the stores 1996: Two additional stores are opened, bringing the total to eight 1997: Four additional stores are opened, bringing the total to twelve June 1998: Loans on firearms are eliminated. The company is entirely "firearm" free 1998: Seven additional stores are opened, bringing the total to nineteen 1999: Three additional stores are opened, bringing the total to 22 2000: The Maxit name brand is introduced for our four new stores in AZ 2000-2004: The company introduces many new initiatives to better serve our customers and streamline operations. Also, an intensive remodeling effort is completed to brighten up the stores. 2005: One new store is opened in WA, bringing the total store count to 25 2006: Two new stores are opened, bringing the total store count to 27 2007: Two new stores are opened, bringing the total store count to 29