Business Overview:
Pawn shop with 30 year history. Current owner purchased in
2009 and has increased accounts receivable five fold and is still
growing. Inventory consists of jewelry, guitars, work tools, etc.
Owner also deals in gold. Overhead is low. Lease at $1,000 per month and is good until 2013. It will increase no more than $100
through March of 2016. Current pawn on hand is $52,000 and
inventory has grown to over $100,000. Never a shortage of people
to borrow money especially in this economy! Typically charges
22% interest per month as allowed by state law.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Pawn shop with 30 year history for sale in Middle Tennessee. Showroom is about 1,200 square feet. Storage and work area same size. Free standing building with rent of $1,000 per month. Located on busy street with good signage and parking.
Market Competition and Expansion:
Only one other pawn shop in area. Existing clientele would be great candidates for check cashing and lottery sales.
Reason for Selling:
Other interests
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: