Retail - General Merchandise Stores | Retail - Miscellaneous Retail

Asking Price	$179,000	Inventory	$135,000*
Gross Income	$49,000	Real Estate	Tenant at will**
Cash Flow	$48,999	Year Established	1985
FF&E	$26,000*	Employees	1

* included in the asking price

** not included in the asking price

Financial Repair Service - "If you're broke, we can fix it!" Pawn shop inventory cost (the amount they will loan on a pawned item) is usually 1/6 of the new retail price. This cost in no way represent's the item's value. A gold ring, for instance, is pawned for $50. The gold in the ring is worth $120. The retail value is $300. Profitability is 2-to-10 times cost. This store has $98,000 of computerized inventory at pawn shop cost. There is an additional $50,000 of DVDs, VCR tapes, and coins that are not in the computerized inventory.

Facilities: Pawn shop/general merchandise store established in 1985 specializing in rare coins & scrap gold/silver. 2900 sq ft. High traffic count intersection at intersection of 2 major state highways anchored by a great tenant. No outstanding loans/items on pawn that would have to bought out by the new owner. Inventory 100% owned. Not taking in items on pawn at this time. The legal interest rate on pawn loans is 25% per month. Your money doubles every 4-5 months. Pawn Shop software is included. New owner will have to obtain their own Pawn License.

Competition: In this economy people are digging out their coin collections and old jewelry to sell so they can pay their bills. Clayton County has been especially hit hard. Two new pawn shops have opened in the area so the demand for this service is high.

Growth/Expansion: Business is not currently making pawn loans. The legal interest rate on pawn loans is 25% per month. Your money doubles every 4-5 months. This would be a major revenue source. Taking firearms on pawn and selling out of pawn firearms would also be a great drawing card.

Support/Training: 30 days, if requested

Reason Selling: Retiring