Business Summary:
The Company provides short-term loans using personal items as collateral. It buys, sells, and trades goods like jewelry, firearms, firearm accessories, tools, and electronics. Revenue is generated through loan interest, resale profits, and transactions with customers seeking quick cash solutions.
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| Year
Business was Established: 1996 |
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| Number of Employees:
3 FT |
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| Facilities / Terms of Lease:
The Real Estate is available through a Commercial Real Estate Company for $125,000 and the listed price includes the real estate. The Company operates from a well-maintained commercial facility located on a highly visible corner in a busy retail district. It has been in the same location for more than 25 years. |
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| Potential
Growth/Expansion:
Attracting new customers through promotions, online listings, and greater community engagement might fuel additional growth. The buying and selling of musical instruments appears to be an opportunity for growth as well. |
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| Competition:
The Company is fortunate in that there are no direct competitors locally. The closest competitor is about 30 miles east of the Company. Some customers come from as far as 100 miles from the other three directions. |
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| Owner
willing to finance:
Lender pre-screened with $95K down. |
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| Owner
willing to train:
Will train for 8 weeks @ $0 cost. |
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| Reason for selling:
Retirement. |
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Seller Reference Number: 5516-18843
BusinessMart.com Listing Number: 315574 |
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