High Volume & High Profit Pawn Shop – Established 40+ years $390,000.00 Cash Flow

FINANCIAL INFORMATION
  • Asking Price: $795,000.00
  • EBITDA:
  • Gross Revenue: $1,146,065.00
  • Cash Flow: $394,000.00
  • FF & E: $200,000.00
  • Inventory: $100,000.00
  • Financing: Yes
BUSINESS LOCATION

Atlanta

DESCRIPTION

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.

INVESTMENT HIGHLIGHTS:
• This business has been in continuous operation for 40+ years.
• Fully trained, and highly competent staff in place.

GROWTH OPPORTUNITES:
• The business has virtually no Social Media presence which would help add revenue.
• The business could become more active with pawns and loans.

REASON FOR SALE

After 40 years in the industry the Seller is ready to retire.

FACILITIES

The business operates from a free standing 8,000 sq. ft. building with triple net lease-$7,100 per month rent – expires April 2029

Details

  • Home Based: No
  • Franchise: No
  • Distressed: No
  • Relocatable: No
  • Year Established: 1972
  • Year Acquired: 2019
  • Willing To Train: Yes
  • Real State Available: No
  • Is Property Leased: No
  • Real Estate Included: No
  • Is Management Staying: No
  • Days Open: Mon-Sat, closed Sunday
  • Hours Open: Mon-Fri 10 -6:30 pm Sat 10-5 pm
  • Full Time Employees: 3
  • Building Size: 8000 Sq. Ft.
  • Listing Id: SA1549

JOIN OUR DISTRIBUTION LIST. SEE NEW ENGAGEMENTS FIRST.