This is a unique opportunity to acquire one of Atlanta’s Largest and Oldest Pawn Shops. The business has temporarily stopped offering Pawn Loans due to the impending sale. The Guns and the Jewelry that are currently in the store are NOT included. There is $100K+in inventory at cost that is included with the sale, which will convert to $250K+ in retail sales.
IMPORTANT – This business was purchased by the Seller in mid 2019, and we only have complete financials for 2020. This opportunity will NOT qualify for bank financing. The Seller is willing to finance $245,000 over 36 months at 6% interest with a $550,000 down payment from a qualified buyer.
• This business has been in continuous operation for 40+ years.
• Fully trained, and highly competent staff in place.
• The business has virtually no Social Media presence which would help add revenue.
• The business could become more active with pawns and loans.
After 40 years in the industry the Seller is ready to retire.
The business operates from a free standing 8,000 sq. ft. building with triple net lease-$7,100 per month rent – expires April 2029