Seller's Contact Information
- RE: Collectables, Jewelry, And Precious Metals Shop
- Contact: Jeffrey Shelly
Quick Facts
Asking Price: | $499,000 | |
Annual Revenue: | $341,000 | |
Net Profit: | $60,500 | |
Cash Flow: | $60,500 | |
Total Debt: | Not Disclosed | |
FF&E: | $15,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2012 | |
Employees: | Not Disclosed | |
BBN Listing #: | 212355091 | |
Broker Reference #: | Not Disclosed |
Business Overview:
The Store buys gold, silver, jewelry, and other valuation items and then either resells them privately, at the Store or on-line, or through a broker. It also lends money to individuals using those same types of items as collateral.
About three-quarters of the Company’s revenue come from reselling precious metals with about 23% stemming from antiques with the other portion relating to interest charged to customers.
There is room for growth. The Store is currently open only fifteen hours per week. Hours could certainly be expanded with more items being bought and sold. Things such as tools, electronics, and games could certainly increase revenues.
The sale includes display cases, two safes, security equipment, and furniture. The Seller will assist with getting the new owner licensed, trained, and set-up for success.
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Property Features and Assets:
It is located along a major Roadway in suburban Lancaster County that attracts a significant amount of customers who do not want to travel into the city. The Shopping Center has a significant amount of customer traffic and foot traffic. It has excellent on-line ratings and is easily accessible to those who generally do no frequent pawn stores.
Market Competition and Expansion:
The Business is located along a major suburban Roadway with a few competitors in the area. It is not located is the City which is attractive to many of its customers. It is only open for five hours per day and does not, currently, trade is electronics, tools, video games, and many other categories Expanding hours and trade items could greatly increase revenue. Virtually no advertising is done either. There is room to grow for the right buyer.
Reason for Selling:
Seller is retiring.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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