Pawn Shop

Knoxville, TN (Knox County)

Pawn Shop

Asking Price:$149,000

Cash Flow:$50,000

Gross Revenue:$130,000

EBITDA:N/A

FF&E:$20,000

Inventory:$55,000

Established:2014

Pawn Shop

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Business Description

Very profitable pawn shop located in Knoxville, Tennessee. The business makes loans to customers and holds customer items as security until the loan is paid back with interest. The other way the shop earns income is to purchase items such as gold, silver, guns, tools and many other items at a discount and then re-sell those items at a higher price in order to earn a profit. This is a very successful business and the purchase price includes the business goodwill, customer lists, FF&E, $55,000 of saleable inventory at seller's cost, Incoming principal and interest due the business as of the day of closing, the tradename and leasehold rights.

Detailed Information

Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a small strip center on a major highway with lots of traffic. Rent is $2,100 per month for almost 4500 sq ft of space.
Growth & Expansion:
This business is currently showing tremendous growth.
Support & Training:
Seller will train the buyer in all aspects of business operations.
Reason for Selling:
Family reasons and to diversify their investments

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Gary Lenderman

Business Listed By:
Gary Lenderman

Realty Executives Associates, Business Brokerage

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