Pawn Shop - Buy and Sell Precious Metals

Lancaster, PA
Lancaster County


Asking Price: Annual Revenue:
$150,000 $341,000

Retail: Consignment, Pawn Shop, Thrift Stores


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RE: Pawn Shop - Buy and Sell Precious Metals Broker: Jeffrey Shelly

Quick Facts

Asking Price: $150,000
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

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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.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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