*Who said teens can’t be savvy entrepreneurs?
Your parents don’t have to be dripping in dough for you to get a pair of the latest kicks. And you don’t even have to go to eBay.com to negotiate getting the bootleg Jordans.
Now teens can get (and give) the real thing at a first-ever sneakers pawn shop run by a businessman their own age.
This pawnshop deals in throwback kicks and its run by an enterprising 16-year-old named Chase “Sneakers” Reed.
“Young kids don’t have jewelry. They don’t have cars, but what they do have is the thousands of dollars worth of sneakers in their house,” said Troy Reed, father of Chase, who opened the first pawn shop for high end sneakers in the country.
From The NY Post:
Chase, a 10th-grader at Frederick Douglass Academy in Harlem, still marvels over pictures of the freshest sneaker designs online and waits in line for hours to add to his collection. Only now he and his father are also getting them from fellow “investors” who want quick cash.
And some of the reasons these young folks have for selling off their kicks is really impressive: To pay for a brother’s funeral, to pay for prom dresses, or even to relocate from one borough to another.
The store’s priciest pawned items are a pair of LeBron Crown Jewels; which command a whopping $1,400, more than five times the $270 sticker price.
“I don’t look at it like a business. It’s what I do. It’s what I breathe,” said Chase. “It’s an idea that’s right in front of your face. It’s just about bringing the idea to life.”
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