PRICE REDUCED - Profitable Pawn Shop

Not Disclosed, NC
Pitt County


Asking Price: Annual Revenue:
$350,000 $286,688

Retail: General Merchandise - Retail


Request More Information
Contact the Seller

RE: PRICE REDUCED - Profitable Pawn Shop Broker: Sean Rollins
Owner Financing is Available!
35000

Quick Facts

Asking Price: $350,000
Annual Revenue: $286,688
Net Profit: Not Disclosed
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: $25,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 3
BBN Listing #: 69558201
Broker Reference #: 13485-608781

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

PRICE REDUCED - Profitable Pawn Shop

This is a absentee to semi-absentee opportunity! Current owner does not actively work in the business, and only has to manage books and records, and makes about $100,000 per year.

Shop currently has about $90,000 of outstanding loans, with 22% interest. They currently loan at an average of 35% loan to value.

The store could not be in a better location, as the business is situated on a very highly trafficked street, with fantastic road frontage. The store is 4600 sqft, with a large showroom, walk-in safe, and storage room. The real estate is available for purchase for the right offer.

The owner and his partner owned and operated multiple pawn shops together throughout the 1980s and 1990s. In 2000 the owner bought out his partner and decided to merge the assets of two of his pawn shops together, forming the current business available for sale.

In addition to buying out his partner and combining locations, the owner made the decision to stop leasing his locations, and to purchase the real estate in 2002. His business grew so much that in 2010 he had to expand his facility to keep up with demand.
This business operates solely off of in store sales. The new owner could significantly increase revenue by creating a website, and selling inventory online.

Another opportunity for an owner willing to take on more risk is to increase the loan to value percentage.

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.

Reason for Selling:

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!