Pawnshop for sale Very busy location

Queens, NY (Queens County)

Pawnshop for sale Very busy location

Asking Price:$395,000

Cash Flow:$120,000

Gross Revenue:$200,000

EBITDA:$100,000

FF&E:$50,000

Inventory:$100,000

Established:2011

Pawnshop for sale Very busy location

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Business Description

Store gets busier every year, five star online reviews

We are selling our very busy and very profitable business since we are leaving the state. This store has been family, owner operated for 5 years and grows every year. We have over $150,000 in pawns which brings interest money everyday. we have over 100,000 in merchandise (optional), We purchase over 10,000$ in gold a week as gold is very high now, diamonds big and small, and anything else valuable including musical instruments,antique, coins, memorabilia , electronics, just to name a few. We have five star reviews on google and yelp and the only pawnshop with more the 25 reviews all five star. We are in a mixed neighborhood so we get all types of profitable valuables all the time and its getting busier now since we eliminated all our competition, leaving us most of the customers that want to sell. We also sell jewelry and other cool items in out store. As you see there is money coming from many different areas.

Detailed Information

Inventory:
Included in asking price
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
this store has 6 years lease left at 2900 per month 1200 square feet main floor and another 1200 sqft basement, We have bullet proof glass, very hi security system includes 5 42" flat screens for security cameras,large bank safe, 3 computer network system including pawn program, software, id scanners , antique furniture through out store,3 large and 6 small jewelry showcases, 3 jeweler benches,2 polish machines , 2 steam machines, 2 ultrasioncs, front door strike buzzer system with 2 remotes
Competition:
very busy location, no competition, market is very strong people always need money
Growth & Expansion:
store has so much room for expansion in so many ways such as advertising more and bringing more people from other areas, and expanding the store to a huge pawnshop
Support & Training:
We will stay with buyer one month after sale for training unless more time is needed
Reason for Selling:
moving out of state to be with family
Franchise:
This business is an established franchise

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Business Listed By:
liana usten

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