Well Established 28 year old lucrative Pawn Shop

Not Disclosed, MD
Baltimore City County


Asking Price: Annual Revenue:
$149,999 Not Disclosed

Retail: General Merchandise - Retail


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RE: Well Established 28 year old lucrative Pawn Shop Broker: Yuri Kovalenko
Owner Financing is Available!

Quick Facts

Asking Price: $149,999
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 356051174
Broker Reference #: 76551-880037

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Business Overview:

In this volatile economic world, we live in; one may find it challenging to determine what kind of business to purchase as most opportunities can sway in the direction of our current unemployment rate. However, Pawnbrokers, legally for hundreds of years, have practiced the art of lending minimal sums of cash to local families or individuals in need under mutual terms. To say, this is a Turnkey, Unique, Family established opportunity is a brief list of understatements as this Pawnshop has been in this community and has successfully conducted a lucrative business for over 28 years. This success based on having an in-depth knowledge of your customers, clients, and goods. In this case all of the hard work has been done at this location has a history of buying, loaning and selling Silver, Gold, Diamonds, Instruments, Antiques, Tools, Electronics and basically anything you can fathom of value which makes the value and uniqueness of your inventory a lot more attractive then any competitors, hence the reason they have been around for 28 years.
Unfortunately, the owner for reasons outside of his control has to move out of state. This location has maintained a very close relationship to the community, clients, and vendors who will make for a very easy transition for new owners. With 60% jewelry and 40% tools and electronics that have consistently come thru the doors for 28 years. Locals and distant clientele happily make the trip due to the reputation; this location has established over the years. The asking price is 250k, including the inventory outside of jewelry. Please contact me as soon as possible, this listing based on the neighborhood alone will not last long.

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Reason for Selling:

Moving

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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