Business Summary:
This recession proof business is located in a town of 150,000. The 2000 sq. ft. building is included. Why would you put your money in the bank and earn less than 1%. Illinois law allows a pawn shop to charge 20% a month, which is 240% a year. The customer leaves a valuable item, you give them some cash, and they pay you monthly until they pay the loan off to get the pawned item back. This pawn shop has over $150,000 a year in sales and over 100 people every month paying on pawns. This place is open five days a week so it is very easy to run. The owner has had it over 10 years. There is a ton of gold coming in right now which makes this a HOT BUSINESS. This shop sells jewelry, tools, musical instruments, and much more.
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