A Feasibility Study on the Establishment of Pinoy Pawn Fast in Quirino Highway, Barangay Gulod, Novaliches, Quezon City

Abstract

Pinoy Pawn Fast” is a pawnshop business primarily offering pawn jewelries. The proponents choose pawnshop for their business because many Filipinos are pawning jewelries and somehow it has been a common and quickest way to provide an urgent supply for cash. Compared with banks, pawnshop does not impose as many documentary requirements before releasing cash to customers. This business will help people to make their life easier in times of emergency needs.The study adopted a descriptive and quantitative type of research, the researchers utilized (100) one Hundred respondents to know their perception about the services by conducting a survey in the area. The most prospective customer of the Pinoy Pawn Fast lives around Quirino Highway Barangay Gulod Novaliches Quezon City.The proponents create a survey questionnaire and have sampling size of 100 respondents to get the viability of putting up a pawnshop for jewelry and gadgets in novaliches area. The results showed relevance to the study and proved viability of the proposed business in different aspects. It was concluded and recommended that to ensure the viability of the target markets, the formulation of promotional activities must be formulated and done effectively. The business was focused on operating where customers were treated like family. It offered the best customer services, honest opinions and values. Pinoy Pawn Fast ensured that customers will have the best pawning and purchasing experience. PPF also offers the lowest interest rate (3%) on all jewelries. No other pawnshop offers all of that to their customers. That was the unique quality of the business when it came to services. Basically, if you work for Pinoy Pawn Fast, it will also work for you.