Asking Price: $275,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $35,000

Inventory: $140,000*

Real Estate: N/A

Established: 2005

*not included in asking price.

Business Description

This is a locally owned pawn store. This company is one built on honesty and integrity. The company combines a strong work ethic with attention to detail. The experience of the owner in this industry offers customers superior service. Their customer base is regional and they have a high amount of repeat business. The owner owns the property and building and will lease both to a new owner.
This company began operations from scratch in 2005. The current owner purchased the business and real estate in 2014 and has continued operations since that time.

The business model loans funds on valuables such as jewelry, firearms, tools, musical instruments, and other items. The store makes money whether the collateral is picked up or surrendered at the end of its term. Surrendered items become inventory after the required number of days and then are sold to the steady stream of customers that shop in the store for a variety of unique merchandise.

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Detailed Information

Inventory: Not included in asking price

Real Estate: Owned

Building SF: 2,400

Employees: 2

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Financing: Substantial Owner Financing Available

Support & Training: 30 days

Reason for Selling: Retirement