Oxford Pawn Shop announced today that it has been named to the 2020 Top Shops list of Pawn Leaders Magazine. This first-annual list was determined by votes from readers of the magazine, customers, and members of the public. The Top Shops designation is intended to recognize pawnshops who excel in the categories of leadership, marketing, and strategy.
Oxford Pawn Shop opened in 1985 in a 400 square foot facility. Thanks to years of continued growth serving the community, it is now located in the heart of Oxford at 1350 North Lamar Boulevard.
“In 2017, my wife and I made the decision to purchase Oxford Pawn Shop from my father and continue the operation. While I have fond memories of sweeping the floors and cleaning the offered merchandise as the young son of the owner, what I truly love is the daily interaction with so many interesting people who have diverse needs,” said Dallas Allgood, the second-generation owner.
When asked if he was surprised by this designation from a national industry magazine, Allgood notes “Being named one of the top 10 pawnshops in all of North America was thrilling but I can’t say it was surprising. We work hard every day to build lasting relationships in this community and when we asked them to vote for us, our customers were happy to share our story.”
He says that while many of his customers need short term loans for personal needs, they’re seeing an increasing number of small business owners who use their equipment or other collateral to reach their financial goals or even make payroll. It’s this type of service to the community that he credits for the shop’s strong reputation and growth.
“We see customers from all over the area every week, not only for short-term loans, but also because we’re known as the best place for firearms and ammunition,” Allgood says. Their expanding market growth have him looking into opening a second store in nearby Pontotoc.
“Northern Mississippi is my family’s home. I’m proud to be a second-generation business owner here and hope to continue to build a business that I’ll be proud to hand down to my own children someday.”