Established Pawn Shop- Highly Profitable

Established Pawn Shop- Highly Profitable

Price: $475,000.00
Location: Southern Indiana
Listing ID: 6498543

We are pleased to present a rare opportunity to acquire a well-established, highly profitable pawn shop located in Indiana. This business has demonstrated consistent financial growth, providing a stable revenue stream and strong profit margins. The sale includes the entire operation, including all assets, inventory, and goodwill. The shop accepts items on trade, purchases inventory outright and accepts items as collateral for traditional pawn broker style loans. Inventory which is the property of the shop will transfer upon sale, as well as the Shop's interest in collateralized loans. The Shop specializes in gun sales, tools, jewelry, collectables and sports memorabilia. It is easy to operate with minimal staffing requirements and lots of potential for growth.

Total Sales: $397,035.00
Cash Flow: $126,869.00
FFE Included: $25,000.00
FFE: $25,000.00
Inventory: $130,000
Reason For Sale:

Retirement

Training & Support:

The seller will remain on-site for a minimum of 2 weeks as part of the purchase price post closing. This includes assistance with licensing. after closing to support and train the buyers. Seller is open to additional consulting by separate agreement thereafter.

Year Established: 7
Employees: 4
Managers: 1
Monthly Rent: $2,383.33 per Month
Type of Location: Strip Center
Square Footage: 2,600
Facilities Information:

The shop has been established for nearly a decades in its current location. The premises are leased on favorable terms. Ample paved parking Pride of ownership shows throughout this business. It is neat as a pin with organized showroom and sophisticated back office systems to manage accounting and legal compliance. Comfortable space invites loyal clientele and repeat retail customers.

Competition:

This is a well-known, classy, and trusted Pawn Shop. It has a history of honesty and integrity with its clientele. The Shop is a great place to find a fair deal whether looking to pawn, sell, or trade. It handles items from recreational vehicles to estate jewelry and sports memorabilia. It's a fun place to shop and has been even more fun for its current owners to operate.

Potential Growth:

The Seller's are ready to retire and very "Old school" in their marketing approach. The Shop does not use any social media, spends less then 1% on advertising overall, and dedicates minimal effort to on-line sales. A savvy buyer could immediately expand operations by focusing on these areas.

Financing/Terms:

Business is pre-qualified with conventional lenders. Plus, seller will finance a % of purchase price.

Otis Florence

Phone: 502-425-0995
For more information on this listing, please complete our Non-Disclosure Agreement

Otis Florence