Attention all entrepreneurs! For sale: Newly established pawn shop in Durham County, North Carolina! This pawn shop is an incredible opportunity for anyone looking to enter the pawn shop business or expand their existing portfolio.
It is situated in a secure strip mall in 3 combined office suites for a total of 3,700 sq ft. They accept a variety of items as collateral for loans, including gold, jewelry, electronics, musical instruments, firearms and more. Firearms License can be transferred to the new owner through ATF in a matter of weeks. Current inventory valued over $48,000.
First year revenues are $86,565 and that does not include scrap gold/silver: Current loan balance: $9,400. 83 Google reviews, 99% 5 star ratings. Ebay store with positive seller rating will be transferred to the new owner.
Financials are available via a highly intuitive point of sale system, Bravo Systems POS Program, which includes Buya.com online Website store, a $5,000 Value with low $250 Month Maintenance. 10TB HD DVR SYSTEM with 10 security cameras worth $12,000.00. Alarm system with cellular backup $3,000.00 with front door magnetic lock control. All front glass has security film applied worth over $6K. Custom store front (shelves, etc.) $25,000 cost not including the construction costs! Jewelry and Gun Safe, Jewelry cases with LED lighting, slat wall with Gondola shelving all around the showroom. 2 Workstations networked to one cash drawer, jewelry, merchandise, receipt printers and dual tray printer for pawn tickets and plain paper items.
Heavy-duty rack storage in the back room. ALL INCLUDED!! Don't miss out on this amazing opportunity! Contact us today for more information and to schedule a private viewing. Latasha Clark, [email protected]. Thank you!
Financial Information
$75,000
Asking Price
$30,000
Cash Flow
$96,691
Gross Revenue
Business Location
City:
Durham County
State:North Carolina
Reason for Sale
Relocating for family
Detailed information
Year Established:2022
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 1
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Inventory Included: Yes
Inventory Value:
$48,000
Monthly Rent:
$6,274
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
$0
Building Size: 3700
FF&E Included?: Yes
FF&E Value: $50,000
Training/Support
Owner is the owner operator. He will provide 2 weeks of training as transition and then will move to a consulting role for 2 months.
Facilities
3,700 square feet with 40 feet for frontage glass. Hardcore solid doors with kick plates and steel frames.
Market Outlook/Competition
There are several National Pawn shops in the area however not as competitive.
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