a projection for a second store. crown pawn was founded in 1995 by mike katsanevas in salt lake...

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a projection for a second store

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Page 1: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

a projection for a second store

Page 2: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew exponentially in 2010. The shop space expanded from a few thousand square feet to approximately 12,000 square feet.

Page 3: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

Crown has a thriving workforce whose customer service is unmatched

Page 4: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

in what was thought of as a "sketchy" industry.

Page 5: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

As a consequence, volume is at an all-time high. With increasing numbers space is decreasing.

Page 6: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

This map is a projection for a potential second store. The objective is to: geo-locate prime parcels within Salt Lake County that are 6,500-10,000 square feet in size. Also, a location that better serves a populous in regards to convenience.

Page 7: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

The data was laid out with some key factors in mind. First, know where your competition is located. So every pawn shop in Salt Lake County was geo-referenced and labeled.

Page 8: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

Second, a 2 mile buffer was created for every existing pawn shop as a zone to not buy in.

Page 9: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

Third, geo-code available parcels for sale. Weed out locations that fall in the 2 mile buffer of existing shops.

Page 10: A projection for a second store. Crown Pawn was founded in 1995 by Mike Katsanevas in Salt Lake City, Utah. Starting with a meager-sized shop, Crown grew

The data has manifested that consumer volume has a direct correlation with the proximity of the store. One could argue that Crown could open anywhere and the customer would follow. In this case, Crown's presence is heavy in North Salt Lake County. The parcel data suggests that opening a second store in South Salt Lake County would be an optimal location. It would also decrease the travel time for customers that reside in this region.