Highly Profitable Gun and Pawn Shop

Atlanta, GA
Fulton County


Asking Price: Annual Revenue:
$3,150,000 $13,086,000

Retail: Consignment, Pawn Shop, Thrift Stores


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RE: Highly Profitable Gun and Pawn Shop Broker: Michael Golkin

Quick Facts

Asking Price: $3,150,000
Annual Revenue: $13,086,000
Net Profit: Not Disclosed
Cash Flow: $3,090,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1989
Employees: 14
BBN Listing #: 976063617
Broker Reference #: 120

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Business Overview:

This business was established in 1989 by the owner who is ready to retire. This is a highly profitable gun and pawn shop with consistent high earnings. This is a recession proof industry and business boomed during COVID.

This is a well-known and respected business which has a reputation for providing outstanding customer service. As a result of many years of successful operations, it draws customers from throughout the greater Atlanta area. Its product lines include new and used firearms and the pawn side of the business generates steady inventory for retail sales. The store is known for its large selection of jewelry, tools, electronics, appliances and much more. The business also has an exceptional reputation for cash loans.

The business is staffed with a manager and 14 full-time employees including a gunsmith and a jeweler. The manager is authorized to handle most store actives when the owner is not at the store. The owner will provide training to provide a successful transition to new ownership.

The inventory in the store and the loans are are approximately $1,500,0000 (included in the asking price). The price will be adjusted at closing based on the actual amounts purchased. Good books and records with earning reported on the tax returns.

Please contact Michael Golkin for more information. Please use email reply button of this ad to contact us.

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Property Features and Assets:

Approximately 8,000 rentable square feet including showroom, storage/warehouse. The lease expires in June, 2023 and there is an option to renew for 5 years. Excellent location in a shopping center on one of the main highways in the county with strong street visibility and signage.

Reason for Selling:

Retirement

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.

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