"Cash Cow" Pawnshop: Profitable, Well Established, Turnkey.

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Profitable, Established, Turnkey, Unlimited Potentials!!!
Asking Price:
$298,000

Gross Revenue:
 Not Disclosed
Cash Flow:
$115,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$20,000
included in asking price

FF&E:
$50,000
included in asking price

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Business Description

This Is A Cash Business, It Is Very Seldom Opportunity, So Purchase It Now!!!
Profitable, Well Established, Fully Licensed & Insured Pawnshop, Located In High Density HISPANIC Neighborhood, Very Desirable Area For This Type Of Business.
They Don't Come On The Market Very Often. .

Its A GREAT Opportunity To Take Over This, 1350 sf Well Organized , Customer Friendly Pawnshop, Which Is Well Known In This Community..

Located On The Corner Of The Ground Floor, Offering Great Visibility, Large Signage, Good Parking, In This Newer Shopping Plaza.

Situated On Major Intersection, Surrounded By Many Retail & Professional Businesses, Their Location Bringing Heavy Foot Traffic To Their Doors..

Currently, To Date, The Amount Of Outstanding Active Loans, "MONEY ON THE STREET", Secured By Gold & Jewelry, Is $115,000, Which Brings In Over $9,000 , FROM INTEREST ONLY, On A Continues Monthly Bases.

Good Name Recognition, Very Loyal Customers, Excellent Standing With Local Police Department, No Other Pawnshops In The City, Great On Line Presents, With Established Ebay Account, As Well As With LiveAuctioners.com; Bonanzacom, Makes This A Very Attractive Opportunity, For Entrepreneur.

About the Business

Year Established:
2010
Number of Employees:
2 + 2 Partners
Real Estate:
Leased
Building Sq. Ft.:
1,350
Lease Rate/Sq. Ft./Mo.:
$2.40
Lease Expiration:
2/1/2026
Facilities:
This Pawnshop Was Build From Scratch, In 2010 By Current Owners, Their 1360 Sf Show Room & Storage Are Equipped With The Latest Appropriate Security Measures, Including Numerous C/C Cameras Throughout .
It Also Features Two (2) Huge Banks Type Safes.
XCELDATA Computer Program Is Used To Truck Down ALL Account Receivables And Inventory.
Latest Technology Is Used For Electronic Signatures & Fingerprints, Connected Directly To Sacramento.

The Current, Very Favorable Long Term Lease For This 1350 SF Is ONLY $3250/M, Including NNN.
Their Is 4 More Yr. Left On It Plus One (1) 5 Yr. Option.

Business Is Open 6 1/2 Days : M-F 10 am- 6 pm, Sat 10 am - 5 pm; Sun 10 am -2 pm

Sale Of This Profitable Business Opportunity Will Include: $115,000 Loans "MONEY ON THE STREET"
All Account Receivables ($115,000), Inventory ($20,000), AND ALL APPLICABLE LICENSES TO CONDUCT THIS BUSINESS.
Market Outlook/
Competition:
Competition Is Limited, They Are The Only One Pawnshop In The Area. NO MORE Pawnshops. This City, Will NOT ISSUE New Pawn Broker License.
Growth & Expansion:
Sky Is A Limit For Pawnshop Business.
New Owners Can Increase Marketing To A Large Spanish Speaking Population In The Area.
.According To National Pawn Broker Association, Just Released Studies Shows POSITIVE Outlook For The Industry, For 2017 And Beyond.
PAWN LOANS ARE STRONG AND STEEL GROWING.
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About the Sale

Reason For Selling:
Partnership Dissolution.
Training/Support:
4 weeks , 20 Hours Per.

Listing Info

Keywords:
Pawnshop, Cash Loans, Profitable, Great Lease Terms, Unlimited Potentials, Cash Business, Well Established, Excellent Location For This Type Of Business, Hispanic Population, Well Known In The Community.
ID:
1353454
Ad Detail Views:
1291

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$
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Business Listed by

Alexander Neyman,

Alexander Neyman - 01843102 BROKER

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