Pawn Shop

Knoxville, TN (Knox County)

Pawn Shop

Asking Price:$149,000

Cash Flow:$50,000

Gross Revenue:$130,000





Pawn Shop

Get Financing Save Print Share Valuation Report

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

Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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

Listing Statistics for Premium Members

Ad#:1239641 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Gary Lenderman

Business Listed By:
Gary Lenderman

Realty Executives Associates, Business Brokerage

Show Phone Number

View My Listings

Find out more...

Get more details about this business.

Similar Listings

The Kase

Franchise Opportunity In TN
Capital Required: $125,300