MergerPlace

Pawn Shop for Sale

Tennessee (Sevier)


  • Asking Price: $120,000
  • Gross Income: $597,145
  • Cash Flow: $64,190
  • Real Estate: Not Disclosed
  • Inventory: $59,000
  • FF&E: $5,000
  • Listing ID: #225151
  • Established: 2003
  • Employees: 2 FT

Business Description

Reason for Sale: Absentee Owner- Out of State Owner- Pawn Shop for Sale in a Suburb of Knoxville. Established for 20 years. Perfect books & records. Business has 2 key employees to help transition. $59k of Current Inventory & $1,900 in layaway & $18,915 in Pawn Base included. Currently no advertising. Income derived from pawn (guns & sale of inventory). Growth potential in marketing to increase demand for guns. Inventory items included (jewelry, TV's, tools, lawn equip, weapons, etc). Owner benefit for a working owner. Perfect opportunity for a 2nd location for local pawn shop owners.


Business Details

Primary Business Category: Services - Professional, Scientific and Technical
Location: Tennessee
County: Sevier

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT

Financial Information

Asking Price: $120,000
Gross Revenue: $597,145
Cash Flow: $64,190
FF&E: $5,000
Inventory: $59,000
Seller Financing Available: No

Property Information

Facilities:

Rent $3,000-Lease expires 12/31/2024/ 3000 sq ft / Store Front.

Reason for selling:

Absentee Owner-Out of State owner.

Support & Training:

Will train for 2 weeks @ no cost

Contact Business Seller

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Business Listed By:

Russell Cohen

Murphy Business Brokers