Great Location! Seller Is Retiring!!! Price Reduced By Over $50K!
Original Price Was $349K.
This, well known, in this high density Hispanic area, customers friendly, well organized pawnshop, equipped with the latest appropriate security measures, available on the market. Their numerous c/c cameras, located throughout showroom & storage room. They also have 2 huge, bank type, safes, FF & E are included in the sale price, and estimated to be about $50K.
"Xceldata" computer program, is used to track all accounts receivables & inventory.
This 1,350 SF pawn shop, located on the ground floor, with good visibility, signage and parking situation, in newer shopping plaza, sitting on the major intersection, surrounded by many retail businesses, which brings heavy food traffic to the pawnshop.
Currently, the amount of outstanding loans, "money on the street", are $115,000, which brings in $9,000+ a month, in interest only. That amount of "money on the street" are secured & collateralize, by gold & jewelry.
They have very loyal customers, excellent standing with local police department.
Their inventory, is mostly consists of gold & jewelry, in the amount of 20,000, and is ALSO included in the asking price of $349,000.
This pawnshop has great on line presence, but no active marketing is done.
Current lease is $3250/m including nnn, 4 more years remain on the lease, plus one (1) 5 yr. Option.
Shop is open 7 days a week, m-f 10 AM -6 pm; sat 10 AM -5 pm; sunday ; 10 AM - 2 PM.
Sale of this profitable pawn shop will include all appropriate licenses such as :
Pawn broker; second hand dealer; gold & jewelry resale, for all inclusive price of $295,000.
Potential buyer must have good credit & no criminal history on their record.