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Brokers present an opportunity to own one of the busiest pawn shops in the area. Remarkably the present owner has management and staffing experienced enough to allow him to operate this active business absentee. This thriving business produces $125,000 or more in interest annually (not included in Gross Revenue above) just from the pawn loans made to its frequent customers and keeps $175,000 to $200,000 in pawn loans out most of the year. Additionally, there is a huge selection of marketable inventory to sell that is tracked daily with an industry leading point-of-sales system and five workstations that the employees utilize to service the loyal customers. Inventory included in the purchase price of this business is comprised of an extensive selection of guns, musical instruments, appliances, tools and equipment, electronics, movies / video games and almost any item you can name! The current owner states that there is an enormous opportunity for the new owner to begin marketing and selling some of this inventory online to a nationwide audience.
The seller of this business will have a vested interest in the buyer’s success as he owns the building in which it is housed. This business occupies 8,100 square feet on a corner location of a very busy intersection that the current owner is willing to lease to the buyer at a very reasonable rate. The current owner has kept excellent daily records of sales and interest earned in this cash producing business. Modern security systems keep the owner apprised of customer and employee activities. The seller believes in the operations of this business enough to provide some seller financing to a qualified buyer. The great majority of the training during the transition will be provided by the in-house staff that currently operate this business on a daily basis. Come by and see how busy the aisle of this pawn shop gets, meet with the owner / founder, and make an offer on this great business.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.