Pawn Shop for Sale in a Suburb of Knoxville

Not Disclosed, TN
Sevier County

Asking Price: Annual Revenue:
$75,000 $597,145

Services: Financial, Accounting, Insurance

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RE: Pawn Shop for Sale in a Suburb of Knoxville Broker: Russell Cohen

Quick Facts

Asking Price: $75,000
Annual Revenue: $597,145
Net Profit: Not Disclosed
Cash Flow: $50,670
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 2003
Employees: 2
BBN Listing #: 89934955
Broker Reference #: 1043-16042

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Business Overview:

Reason for Sale: Absentee Owner- Out of State Owner - Pawn Shop for Sale in a Suburb of Knoxville. Established for 20 years. Perfect books & records. Business has 2 key employees to help transition. $59,000 of Current Inventory & $1,900 in layaway & $18,915 in Pawn Base included. Currently no advertising. Income derived from pawn (guns & sale of inventory). Growth potential in marketing to increase demand for guns. Inventory items included (jewelry, TV's, tools, lawn equip, weapons, etc). Owner benefit for a working owner. Perfect opportunity for a 2nd location for local pawn shop owners. 2020 #'s Thru October.

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Property Features and Assets:

Rent $3,000-Lease expires 12/31/2024/ 3,000 square feet / Store Front. Assets= $64,000

Reason for Selling:

Absentee Owner-Out of State owner.

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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