Surrey Pawn Broker Payday Loans And Money Transfers For Sale

Business description

HISTORY

• The business was founded by the present vendor in November 2010, since then it has developed an excellent local reputation

REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendor is planning to emigrate to the USA

PRODUCTS

The business offers a varied service which includes:
• Cashing cheques from third parties such as; tax rebates, housing benefits, insurance claims, wage cheques and account payee only
• Buy gold
• Payday loans
• Money transfers
• Pawn broking
• Repair Xbox, Wii, PS3 and Nintendo
• Purchase for retail mobile phones, jewellery, watches, TVs, cameras, laptops, games consoles and other valuable items

CUSTOMERS

• Customers are drawn from the many local residential properties

STRENGTHS

• High visibility location on a busy parade surrounded by complementary businesses who all contribute in attracting significant footfall levels to the area
• A multi income stream business ranging from payday loans, buying gold, cashing cheques and much more
• A low overhead business in particular rent and rates which are only £7,550 per annum for them both combined
• Close proximity to a large council estate from where many potential clients come
• No local competition




DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises

Property information

Property:

Leasehold

Location:

• The business enjoys a high visibility location on a busy parade with many customers virtually on the doorstep

Premises details:

Ground floor mid terrace lock up premises which briefly comprise:
• Centre entry door into the premises with side window displays
• Door with magnetic lock and buzzer entry system
• Side shelving with goods for sale
• Rear counter, till and computer system
• Door through to back office with two storage rooms and w/c
• The premises benefits from being fully alarmed with a 4 camera CCTV system which has the capacity for 8 cameras
• Free of charge time limited parking operates on street in front of the premises

Business Operation

Expansion potential:

Despite only opening for business in November 2010 this is already a successful business. It does however, still offer excellent potential to increase both sales and profits in the future by:
• Having a web site with details of items for sale
• Have an ebay and amazon site for sales
• Advertise as non is presently done

Trading hours:

• Monday to Saturday 9am to 6pm

Employees:

Two full time staff including the vendor

Years established:

2