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Business for Sale Summary

Gold Buyers And Money Lending Pawn Shop - 33462

Business Type: check cashing,misc. retail/non-classifiable,seller financing available,jewelry store
Owner Financing
Gold Buyers And Money Lending Pawn Shop
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This business has received 24 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $695,000 Down Payment $300,000
Gross Revenues $859,000 Lease Remaining Register Free to View
Owner’s Cash Flow $382,000 Number of FT Employees Register Free to View

Financing

$300,000 Down and 395k over 60 months @ 7%

Business Description

Very profitable pawn shop and gold buying business is up for sale. This business has been in business for over 10 years. Here is an opportunity to buy a very profitable high end customer pawn shop. The main revenue source for this business is buying and selling gold and jewelry and the business also has a money lending service with high interest rates that results in over 100k annual profit. Seller financing is available, inventory of about 50k. Seller is looking to get into some other businesses but he will teach you the skills and provide excellent training for six weeks. Posted business figures are for 2019, COVID took a little dip but things are picking back up very quickly. This is a great opportunity for somebody with good business and sales skills, put in the time and the money comes knocking at your door! Please contact broker estiefel@vestedbb.com for more information.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.