Pawn Shop - Licensed Suburban Lancaster County!

Lancaster, PA
Lancaster County

Suburban Lancaster County


Asking Price: Annual Revenue:
$150,000 $244,000

Retail: Consignment, Pawn Shop, Thrift Stores


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RE: Pawn Shop - Licensed Suburban Lancaster County! Broker: Jeffery Shelly

Quick Facts

Asking Price: $150,000
Annual Revenue: $244,000
Net Profit: $73,000
Cash Flow: $69,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: Not Disclosed
BBN Listing #: 891955091
Broker Reference #: Not Disclosed

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Business Overview:

This Business has been in operation for six years and at its current location for five. It is the only licensed pawn shop in suburban Lancaster County. It purchases precious metals, jewelry, antiques, and other items for resale. The shop offers pawn loans for valuable objects. The loans garner an annual percentage rate of 36% with an eight-month pay back period. The purchase and resale of precious metals is a very Profitable Market, The Store has a built-in, strong customer base ready for the new owner.

WARNING: Buying this Business will not automatically give you a reality TV show... but, it couldn't hurt.

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Property Features and Assets:

The Store is located in suburban Lancaster County along a major roadway in a well-established shopping center. It is the only licensed pawn shop in suburban Lancaster County. Resale of precious metals is a very Profitable Market. Strong customer base ready for the new owner.Loans garner an annual percentage rate of 36% The Seller will assist with any training needed to have a smooth transition. Convenient to travel to this location versus going into the City.

Market Competition and Expansion:

There is very little competition for this type of business in the area. It is the only licensed pawn shop in the County outside of Lancaster City. The Store's customers find it much more convenient to travel to this location versus going into the City. There is significant room for growth. Currently, only precious metals, jewelry, and gem stones are accepted as loan collateral. The addition of electronics, tools, or other items would add to loan traffic as well as the sale inventory. An expansion of the hours of operation would also be beneficial.

Reason for Selling:

Retirement

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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