Pawn Shop for Sale!

Price: $620,000

Location: Sioux Falls, SD

Industry: Retail

Listing ID: 0057

This pawn shop has an established client base and great customer service. They pride themselves as being a relationship based business. They have been increasing gross sales year over year through buying, selling, and pawning items in the Sioux Falls community.

Listing Details

Total Sales: $424,315

Cash Flow: $88,750

EBITDA: $93,493

FFE: $6,500 (Included in Price)

Inventory: $147,200 (Included in Price)

Reason For Sale:

Retirement

Training & Support:

Seller willing to train the new owner for up to 3 months.

Operation

Year Established: 2010

Employees: 2

Location

Facilities Information:

Business is furnished with desks, display cases, shelving, storage, and inventory.

Summary

Competition:

There are several pawn shops in the Sioux Falls area. Each has a slightly different clientele and target market. This specific business focuses on selling primarily guns, tools, and jewelry.

Potential Growth:

The business has a very loyal customer base for both the store and the pawned items account. By truly caring about their clientele the owners have built relationships with them and it has created loyalty. With repeat customers and a following they have built this business year over year primarily by word of mouth.