Business Overview:
Amazing opportunity to own a pawn shop in a booming city, with a moratorium on the amount of pawn shops allowed!
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 4,600 square feet, with a large showroom, walk-in safe, and storage room.
Also Available for Purchase:
- Real Estate
- Jewelry
- Coins
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.
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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.
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