Pawn and Jewelry Shop

Rochester, NY
Monroe County

Located on a very busy road in Monroe County

Asking Price: Annual Revenue:
$243,800 $788,743

Retail: Consignment, Pawn Shop, Thrift Stores

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RE: Pawn and Jewelry Shop Broker: Stephen DiPaolo

Quick Facts

Asking Price: $243,800
Annual Revenue: $788,743
Net Profit: Not Disclosed
Cash Flow: $70,405
Total Debt: Not Disclosed
FF&E: $29,500
Real Estate: Not Disclosed
Year Established: 2010
Employees: 4
BBN Listing #: 165935131
Broker Reference #: WSD24.248

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Business Overview:

• A well-established large Pawn and Jewelry Shop in operation over 9 years
• Located on a very busy road in Monroe County NY with 25,000 vehicles driving past it daily
• Currently employs 2 full time and 2 part time employees
• Purchases and sells gold, silver, jewelry, along with a large array of other items.
• Does a lot of business through EBAY and PAYPAL
• Charges 73 cents daily for up to 120 days for every $ 100 loaned out per item
Example: Item with a fair market value of $ 2,000 is held in storage and is loaned $ 500 for it.
The business receives 73 cents per hundred dollars loaned (5) or $ 3.65 per day for up to 120 days.

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Property Features and Assets:

• Fully furnished 4,200 square foot turnkey store • Has an additional 2,000 square feet of warehouse space. • The current lease is month to month. The buyer of this business will be given a 3-5-year lease. The 4,200 square foot store has a base rent of $ 3,100/ month plus approximately $ 500/month in triple net charges. The 2,000 square foot warehouse has a gross rent of $ 600/month.

Reason for Selling:

Other business.

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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