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What began as a power shopping spree for antiques and collectibles turned into big business for Jack and Pamela Wright, coowners of The Wright Pawn & Jewelry Co.
In 1984, Jack sold his half of a successful Canon distributorship called Global Services, and he and Pamela traveled extensively, shopping and popping into pawn shops. That became the spark that lit their interest in going into the pawn shop business.
"If someone had told me 'You were going to own your own pawn shop,' I would have said they were crazy," says Pamela. "It was like being a belly dancer."
But it was a dance that Jack had begun to choreograph. Jack dabbled with the idea of going into the pawn business, but he wanted the right location. That decision is critical because if a pawn shop already exists in any given area, a new shop can't compete.
The type of license acquired also plays a role. It determines how much a pawn shop can loan. The higher the limit, potentially the more a shop can make.
Jack and Pamela bought a license from an existing pawn shop in August 1992, and the "belly dance" that has become The Wright Pawn & Jewelry Co. has been under way ever since.
The company moved to its current location at 6218 Westheimer about four years ago, just a few blocks...