Ted’s Pawn Shop Acquires Competitor, Wins Award

Long-running full-line pawnshop grows through the purchase of competitors’ loan base and inventory.

Ted’s Pawn Shop, the largest of the independent pawn shops in Cincinnati Ohio, successfully acquired and assimilated the outstanding pawn loans and retail inventory from one of its local competitors in the Cincinnati Market. The pawn market has been in a downturn for the past two years, forcing many pawn operations to downsize, consolidate, and close. Classic Pawn, in Mason, was one of those shops. As one of the longest-running and largest pawnshops in the Greater Cincinnati Market, Ted’s has been able to weather the economic downturn due to its established loan base and full line pawnshop operation.

Ted’s also won Best Pawn Shop in the City for the 13th year in a row. President, James R. Tincher said the following, “Pawnbrokers nationwide have seen their lending operations tank. Fortunately, Ted’s has been able to weather the storm due to its growth and great customer service. Ted’s moved to a 20,000 square foot location 10 years ago, which enabled us to expand and meet the needs of our customers.”

About Ted’s Pawn Shop:

Ted’s Pawn Shop is an Ohio licensed Pawn Shop that has been in the pawn business for over 38 years. It is a family-owned and operated business (3rd generation) that loans money to all greater Cincinnatians on a wide variety of merchandise including gold jewelry, diamonds, other jewelry, musical instruments, tools, electronics, cars, trucks, motorcycles, watches, and luxury handbags. Ted’s recently was voted “BEST PAWNSHOP” in Cincinnati by City Beat Readers for its 13th year in a row.

Media Contact
Company Name: Ted’s Pawn Shop
Contact Person: Raphael Tincher
Email: Send Email
Phone: (513) 631-2112
Address:2026 Delaware Av.
City: Norwood
State: OHIO
Country: United States
Website: tedspawn.com