Property ID : WSD24.248
For Sale $243,800.00 - Retail
- 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 $ 61,000
- Money Loaned on their Pawns $ 10,000
- 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
The asking price is $243,800