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Pawn Shop
Location: United States -> Virginia -> Norfolk
Industry: Retail > Other Retail




Business Summary

FOR SALE ... P&P Pawn ... Established 2005
A Pawn Shop has been at this location for over 25 Years

Working mans pawn shop... Tools, Tools ... Electronics (Home & Mobil)
Musical Instruments & Equipment ... Gold & Diamond Jewelry ...
Computers ... Cameras ... and ???
Successful, Profitable Store with a Loyal Customer Base... Owner deceased &
Wife cutting back to one store. Store is operating as if Owner keeping.

Norfolk has a limited number of pawn shop licenses, so the only way to obtain a license is to arrange a swap with a currently operating shop.

Shop is ready to go ... You buy the Receivables and Sale Inventories(General & Jewelry) at Cost and we throw in the store.
Turn Key Operation with everything to run a successful Pawn Shop.
Computer System, 2 station network w/Pawn program (Maintenance paid thru 6/30/2017) .
All Display Cases, Shelving & Counters in Showroom ... Racks & Shelving in Warehouse ...
Desks & File Cabinets .. Office & Sales Supplies ... Phone System ... Test Equipment for
Electronics & Jewelry ... Jewelry Cleaning Equipment ... Security System including Color Video Cameras & DVR ......

Current Inventories @ Cost $68,000.00 as of 2/28/2017

Present Lease $1833 month ... approx 2700 sq ft. Landlord will draw up new lease.
New Roof and HVAC system being replaced March 2017

Will train as needed ...... Employee may also be available.

Stop by 7941 Halprin Dr., Norfolk, VA 235113 for a look see and more information or
Call Shop @ 757-583-6669 ...... Or Text/Call Jim @ 757-581-0206(Cell)


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2005
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Available as needed
Reason For Selling:  Owner Deceased




Print Listing Id: 700259366
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Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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