C3226 - Pawn shops, fireworks and gunsmiths.

Industry code: C3226
Premium rate: 1.05

Classification Facts

Class: C - Commodity - Wholesale - Retail
Rate Code: C32 - Grocery, Department Stores, Hardware
Subcode: 26

Description

Operational Details
Pawn shops derive their revenue from giving cash advances on any number of articles, usually musical instruments, jewelry, hand and power tools, TVS, etc. Customers redeem their merchandise by paying back the loan and a high rate of interest. If the article is unclaimed, it becomes the property of the store owner.Gunsmith shops buy and sell firearms including rifles and handguns. Repairs can include refinishing a rifle stock to re-bluing a barrel that is rusted. The repair is considered light as items lifted are under 25 lbs. and can be fixed in a bench mounted vice. Gun barrels are placed in vats and/or heat treated to bond the bluing to the barrel. Lubricating and oiling older models is also an important part of the business, as without the bolt, slide action, or firing pin working, the gun will not fire. Reaming out barrels to restore them, or refurbishing the interior of the barrel is done by using a specially built lathe that handles smaller objects.Firework shops sell all types of fireworks for various types of celebrations and events. These shops may also set up the fireworks, which would be seen as incidental to the sale.

SIC Codes
​000000226 - Pawn shops000000230 - Gunsmiths
000001039 - Firework sales

Previous Codes

NAICS 2007
Code: 45331 - Used Merchandise Stores
52229 - Other Non-Depository Credit Intermediation
81149 - Other Personal and Household Goods Repair and Maintenance