Listing ID: 70090
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 won't include inventory valued at $650,000*, which ins't included in the suggested price.
The building is leased by the company for $8,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons why individuals resolve to sell businesses. Nonetheless, the real factor vs the one they tell you might be 2 completely different things. For instance, they might state "I have too many various commitments" or "I am retiring". For many sellers, these factors are valid. However, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, current decrease in revenues, or a range of various other factors. This is why it is really essential that you not count totally on a seller's word, however rather, make use of the seller's response combined with your total due diligence. This will repaint a much more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses take out loans in order to cover items such as stock, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that profit margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that have to be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in new clients? Often times, operating businesses have repeat customers, which create the core of their day-to-day revenues. Particular aspects such as brand-new competitors sprouting up around the area, roadway building and construction, and staff turnover can influence repeat consumers and adversely affect future revenues. One important thing to take into consideration is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Certainly, the more individuals that see the business regularly, the greater the chance to build a returning consumer base. A final thought is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the local mean household income impact future earnings potential?