Property Details

Pawn and Jewelry Shop - Monroe County

Property ID : WSD24.248

For Sale $134,900.00 - Retail

DESCRIPTION:

  • A well-established large Pawn and Jewelry Shop in operation over 9 years
  • Located on a very busy road in Monroe County NY with 25,000 vehicles driving past it daily
  • Currently employs 2 full time and 2 part time employees
  • Purchases and sells gold, silver, jewelry, along with a large array of other items.
  • Fully furnished 4,200 square foot turnkey store
  • Has an additional 2,000 square feet of warehouse space.
  • Is open Monday – Saturdays 9 ½ hours each day and 5 hours on Sunday
  • Does a lot of business through EBAY and PAYPAL
  • Charges 73 cents daily for up to 120 days for every $ 100 loaned out per item

Example: Item with a fair market value of $ 2,000 is held in storage and is loaned $ 500 for it. The business receives 73 cents per hundred dollars loaned (5) or $ 3.65 per day for up to 120 days.

ASSETS/FIXTURES/EQUIPMENT: (Included in the Asking Price)

  • Furniture, Fixtures, and Equipment at a Fair Market Installed Value of $ 29,500
  • Inventory at cost of $ 15,000
  • Money Loaned on their Pawns $ 10,000

 LEASE ARRANGEMENTS:

  • The current lease is month to month. The buyer of this business will be given a 3-5-year lease.

The 4,200 square foot store has a base rent of $ 3,100/ month plus approximately $ 500/month in triple net charges. The 2,000 square foot warehouse has a gross rent of $ 600/month

REPORTED REVENUE AND SELLERS DISCRETIONARY EARNINGS (SDE):    

                        2018           2017           2016

Revenue:   $ 788,743     $ 789,895    $ 536,580

SDE:          $   70,405     $   84,763    $   52,409

 PRICE/FINANCING:

The asking price is $134,900

Features

Agent Stephen DiPaolo

Steve november 2017
  • Office : 585-247-4750

Stephen DiPaolo was the owner of Aries Precision Products in Rochester NY for 22 years,…
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