Pawn Shop Established 1992 Two Locations DC Metro Area

Laurel, MD (Prince Georges County)

Seller Financing Available
Pawn Shop Established 1992 Two Locations DC Metro Area

Asking Price:$849,000

Cash Flow:$200,000

Gross Revenue:$1,200,000

EBITDA:N/A

FF&E:$40,000

Inventory:$90,000

Lease Rate/Sq. Ft.:N/A

Established:1992

Pawn Shop Established 1992 Two Locations DC Metro Area

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Business Description

This is a rare opportunity to purchase two existing and profitable Pawn and Jewelry Shops as very few ever come available on the market. Located in Anne Arundel and Prince George’s Counties in the state of Maryland established since 1992. The shops are owned and operated on a daily basis by the original owner and his staff. The shops have been deemed to have a great reputation due to it’s quality merchandise, lowest prices, and professional service. The shop provides cash on the spot for quality merchandise with an option to purchase back within thirty days. Products include a wide variety of electronics including TV’s, stereo equipment, Tools, musical instruments, video games, computer systems, jewelry, watches, and more. The shops also provides in house full service jewelry making and watch repair. The inventory changes daily. The asking price includes the inventory valued at $90,000 (Jewelry not Included) in the store and a pawn book (Receivables) currently valued at $228,000.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,500
Lease Expiration:
N/A
Employees:
7 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two Locations 3600 SF/2500 SF
Competition:
Little Competition and moratorium on new pawn licenses.
Support & Training:
Seller will provide for smooth ownership transition.
Reason for Selling:
Retirement

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James King

Business Listed By:
James King

King & King Business Advisors

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