Pawn shop - Hard goods, Firearms & Jewelry

Colorado Springs, CO
El Paso County

Asking Price: Annual Revenue:
$229,000 $164,321

Retail: Electronics, Technology, Computers, Cell Phones

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RE: Pawn shop - Hard goods, Firearms & Jewelry Broker: Dave Finsterwald
License #: 948365

Quick Facts

Asking Price: $229,000
Annual Revenue: $164,321
Net Profit: Not Disclosed
Cash Flow: $20,328
Total Debt: Not Disclosed
FF&E: $35,000
Real Estate: $330,000
Year Established: 2015
Employees: 4
BBN Listing #: 5653386
Broker Reference #: CB-0855

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Business Overview:

This Colorado Springs pawn shop offers an excellent mix of hard goods, jewelry and firearms. The business provides short term loans on items put up for pawn or purchases items depending on the customer’s needs. In addition to those pawned items (pawn book) they deal in electronics, audio & video equipment as well as firearms. The business is operated from an approximately 3,000 square foot facility on a very heavily trafficked thoroughfare.

This business has been in operation since 2015 and has an excellent mix of repeat clientele as well as new visitors to this pawn shop in Colorado Springs. The store is extremely well laid out in its design and provides a comfortable and extremely attractive shopping experience for customers. There is a back office and additional for additional merchandise and pawn book items.

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Property Features and Assets:

Inventory $90,000; FF&E $35,000 (fair market); Pawn Book $45,000 = Total $170,000.

Market Competition and Expansion:

This is a great opportunity for someone that enjoys working with people in a fun dynamic environment. A new owner that is on-site (the store is currently absentee run) should be able to increase sale by just offering that personal touch that comes with owner/operated businesses. Someone that likes to deal with hard goods like electronics as well as firearms and jewelry this is the ideal business for you.

Reason for Selling:

Owners have other needs for resources.

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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