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St. Louis Suburban Pawn Shop for sale in Saint Charles County, MO

Saint Charles County, Missouri (MO)

Asking Price: Gross: Cash Flow:
$ 650,000 $ 414,447 $ 139,155

Furniture and Fixtures Value:
$ 12,846 (included in the asking price)

Inventory Value:
$ 110,000 (included in the asking price)

Business Summary:
The pawn shop was established in 2010 at its current location in Suburban St. Louis. Seller is the original owner. The pawn shop has enjoyed good success from the beginning. Pawn loans currently total $85,000 but has been as high as $130,000. Inventory stands at $110,510. The two most popular pawn items are jewelry and guns. The business uses Pawn Master Software.Buyer must be approved for a Federal Firearms License.Seller will provide 10% financing if buyer purchases both the pawn shop and the associated real estate.

 

   
Year Business was Established: 2010
   
Number of Employees: 2 FT  
   
Facilities / Terms of Lease: Facility is priced at $573,230. A buyer who purchases the Business may also purchase the Real Estate. Rent of $72,000 is an expense and is not included in the SDE. Consequently, that cash can be used to purchase the Real Estate. The building is 3,649 sq. ft. of which 1,800 sq. ft. is devoted to retail sales. There is approximately one acre of land involved. Parking is sufficient for this business.  
   
Potential Growth/Expansion: Excellent potential to bring pawn loans back up to its previous high of $130,000 by allocating more cash for additional loans.  
   
Competition: Normal competition for a unique business like a pawn shop. This type of business is one of the oldest in recorded history.  
   
Owner willing to train: Will train for 3 weeks @ $0 cost.  
   
Reason for selling: Retirement.  
   
Seller Reference Number: 5508-14876
BusinessMart.com Listing Number: 240700
 

 

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For more info contact:

Russ Bieber

Murphy Business & Financial Services
727-725-7090

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