Pawn Shop - Great location!

Sioux Falls, SD
Minnehaha County

Sioux Falls Area


Asking Price: Annual Revenue:
$499,000 $386,498

Retail: General Merchandise - Retail


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RE: Pawn Shop - Great location! Broker: Trevor Thielke
Owner Financing is Available!

Quick Facts

Asking Price: $499,000
Annual Revenue: $386,498
Net Profit: $78,487
Cash Flow: $49,367
Total Debt: Not Disclosed
FF&E: $6,500
Real Estate: Not Disclosed
Year Established: 2010
Employees: 2
BBN Listing #: 310355365
Broker Reference #: 0057

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Business Overview:

This pawn shop has an established client base and great customer service. They pride themselves as being a relationship based business. They have been increasing gross sales year over year through buying, selling, and pawning items in the Sioux Falls community.

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Property Features and Assets:

Business is furnished with desks, display cases, shelving, storage, and inventory.

Market Competition and Expansion:

There are several pawn shops in the Sioux Falls area. Each has a slightly different clientele and target market. This specific business focuses on selling primarily guns, tools, and jewelry. The business has a very loyal customer base for both the store and the pawned items account. By truly caring about their clientele the owners have built relationships with them and it has created loyalty. With repeat customers and a following they have built this business year over year primarily by word of mouth.

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.

Documents:

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