BRING OFFERS-Well-known Pawn Shop

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Motivated Owner - Relocatable, Profitable Business
Asking Price:
$159,900

Gross Revenue:
$504,626
Cash Flow:
$55,838
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$115,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

Bring Offers! This business is a well-known pawn shop which offers loans and sells new and lightly used inventory to long-time loyal customers. Sale price includes: inventory of $115,000; outstanding pawn loans receivable of $23,000; fixtures; goodwill; and the customer list (over 60% of customers are repeat).
The areas of focus are firearms, musical instruments & equipment, tools and jewelry. There is also a U-Haul rental business, that brings in approximately $20,000 in annual revenue and drives customer traffic. This can be transferred to a new owner, if desired.

About the Business

Year Established:
2011
Number of Employees:
2
Real Estate:
Leased
Building Sq. Ft.:
3,000
Lease Amount/Mo.:
$4,000.00
Facilities:
This is a stand-alone building located along a very busy street, near shopping and residential locations.
The business was established in 2011 and the current owner fully took over the business in 2013.
Market Outlook/
Competition:
There are 11 other pawn shops in Utah County, and five other pawn shops in the immediate Orem/Provo area. This shop has generally received positive Google reviews ~ “They are friendly, helpful, and it is hard to beat their prices...very fair.”
Growth & Expansion:
Seller recently has been unable to devote full time to the business due to other commitments. Therefore, this business will be able to grow with a full-time owner/operator who can increase inventory, and re-focus on the jewelry aspect of the business.
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About the Sale

Reason For Selling:
other venture
Training/Support:
2 weeks

Listing Info

ID:
1503550
Ad Detail Views:
44

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Business Listed by

Arthur Warsoff

Transworld Business Advisors of Utah County

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Source: American Community Survey (2010-2014), United States Census Bureau.

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