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Business for Sale Overview:

A pawn shop offers a short term loan based on the collateral that is pledged. Some of the more popular pledges include gold and platinum jewelry, diamonds, quality tools, music CD's, DVD movies, video game systems, coins, guitars, musical instruments, flat panel TV's, computers, metal detectors, camcorders, cameras, and collectible items. When an item is brought in to pledge for a loan, the item is then left with the shop and cash is given along with a contract. The fee is 20% of the amount borrowed, per month. If the loan is not paid the item is sold to recover the investment. Support/Training: The owner is willing to provide training and the owners son- in-law already a full time employee is willing to stay on.

Property Features and Assets:

The pawn shop is located in a neighborhood shopping center and has 1,760 square feet. The location rents for $2,900 per month and has 3 years remaining on the lease plus 2 five year options to renew.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is not a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.