Asking Price: $275,000
Cash Flow: N/A
Gross Revenue: N/A
Real Estate: N/A
*not included in asking price.
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.
Inventory: Not included in asking price
Real Estate: Owned
Building SF: 2,400
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Financing: Substantial Owner Financing Available
Support & Training: 30 days
Reason for Selling: Retirement