Well established pawn shop located in southwest Los Angeles county (Long Beach, San Pedro area). Established over 30 years ago, one of the first pawn shops in Los Angeles area, still operates in the same location! Excellent location on busy walking pedestrian traffic street, blue color residential/industrial area. Demografics is perfect, loyal customers, excellent standing with LAPD, and $350k-400k in loans.
Ran by absentee owner, well trained and trustworthy bilingual manager takes care of business matters. Also there is a fully operational check cashing business as well. Excellent and really inexpensive long term lease. Over a $100k was invested in new furniture, fixtures an equipment, open 7 days a week. There are very few absentee ran pawn shops, don't miss your chance to get it! Financials are clean as a whistle, ''cashwise'' computer software ($12,000) shows every penny received and spent.Due to the nature of the business, seller insists on confidentiality and information will be released only after proof of funds is presented to listing agent. Only serious inquiries please. Experience and knowledge of business is a must.Financial statements, inventory count and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. Email or call Alex Levitan, Sunbelt Broker (818)640-8080.