Pawn Brokerage Business
Location Maryland,United States
Asking Price Range $500K - $1.0M
Gross Revenues $450000
Net Profit / Cash Flow $275000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1987
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Description PAWN BROKERAGE BUSINESS Consisting of 2 established stores in malls in a high traffic locations in fast growing Prince Georges County.
Unique opportunity - P.G. County no longer issuing new licenses for pawn broker shops.
Both stores with growing sales and interest income.
Multiple high potential businesses: Western Union, renting musical instruments, scrap precious metals business, check cashing, telephone cards, etc., growing e-bay auction business.
Opportunity to extend store hours in evenings and to be open on Sundays
Interest rate on pawned items: average 25%, including late fees.
One of the stores can pawn handguns and sell long guns (rifles), licensed needed for sale of handguns, but could be obtained.
One store recently modernized and remodeled, stable experienced workforce
Stable experienced workforce.
City / County: Prince George's.
State: MD.
Reason for Sale: New Business Interests Utilities: $400 (approx. (both stores)).
Store Hours: Mon thru Fri 10am til 7pm, Sat 10am til 5pm, Sun Closed. Equipment: See list Entity: S Corporation Gross Annual Sales: $450,000 (approx., including $350K sales and $98K interest income).
Owner's Net: $275,000 (to $300,000).
Number of Employees: 4 (2 per store).
Monthly Payroll (Average): $6,200 License(s).
Required: 2nd hand dealers license, which will be transferred to new owners. Parking: Ample Price: $895,000 (Plus $450K for the inventory).
Contact for more information on this Pawn Brokerage business for sale.
Click Here To Contact Seller
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