Listing ID: 70088
This fully stocked and turn key pawn shop has been serving Coastal Georgia and Florida for over 2 decades. Nearby Military bases also provide never ending source of clients.
Huge shooting revenues and other massive revenue streams. Perfect size approx 7000 sq ft and great rent only $8k per month!
Huge Gross sales over $3.5mm and Net SDE (Sellers Discretionary Earnings) around $350k per year!
Substantial Inventory on hand and ready to be purchased!
Don’t Wait Call Now!
Pacific Reliance Brokers
- Asking Price: $1,300,000
- Cash Flow: $350,000
- Gross Revenue: $3,500,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $650,000
- Inventory Included: N/A
- Established: N/A
The sale doesn't include inventory valued at $650,000*, which ins't included in the requested price.
The real estate is leased by the company for $8,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell companies. Nevertheless, the real factor vs the one they say to you might be 2 completely different things. For instance, they may state "I have a lot of other responsibilities" or "I am retiring". For many sellers, these factors are valid. However, for some, these may simply be justifications to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or a variety of other reasons. This is why it is extremely important that you not depend totally on a vendor's word, but rather, utilize the vendor's answer in conjunction with your total due diligence. This will repaint an extra practical picture of the business's current situation.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money in order to cover items such as stock, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can indicate that profit margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that should be met or may result in fines if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area draw in new consumers? Often times, businesses have repeat clients, which form the core of their day-to-day profits. Particular elements such as new competition sprouting up around the location, roadway construction, and employee turn over can affect repeat customers and adversely impact future profits. One vital thing to take into consideration is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the better the possibility to construct a returning client base. A final idea is the general location demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? How might the local mean house income impact future revenue prospects?