Traditional Pawnbrokers Used Goods For Sale

Business description

A successful traditional Pawn Broker’s outlet also offering used goods including gold, electrical, computer and household items etc. The business holds goods under pledges from customers that initially attract interest and are offered for sale should the pledges not be redeemed.

The business further benefits by holding a contract with a leading high street chain store to purchase returned goods at a greatly reduced price to sell on through the shop.
Further income is produced via an on-line internet shop.

Operated by two full-time and one part-time staff the business is easily managed.
Premises: The business is located in two lock-up shop units (approx.2,500 sq ft combined) both with full display windows. The unit to the left is used as the display and retail area. This unit has a secure office (with safe), storeroom and a staff toilet.
The unit to the right is used for storage, internet trading area and as a workshop and a staff toilet. Stairs lead down to a large basement area that covers both shop units. This basement is used for further storage for the high street chain store.
Both units are fitted with steel shutters.
There is a option to take on a Mercedes Sprinter Van if required

Property information

Property:

Leasehold

Lease terms:

Leasehold new 15 year lease
Rent: £32,500 per year
Rates: £8,320 per year

Freehold may be available

Location:

The business is ideally located on a busy street on the outskirts of the City Centre. The area is made up of a mix of commercial and residential properties.

Other information

Support & training:

Handover training availanble

Reasons for selling:

Other business interests

Trading hours:

Monday to Saturday 9.00am to 6.00pm

Contact the seller