Profitable Oklahoma Pawn Shop With Loyal Customer Base For Sale

Business description

This Oklahoma City pawn shop originated in 1990 at its’ current location. This pawn shop originated in 1990 at it's current location. It has enjoyed 21 successful years of operation. The focus of the business is to serve the needs of the "unbanked" by providing cash liquidity for hard goods especially guns, ammunition, gold, jewelry, tools and larger pawned items. Approximately 65% of the business is in guns/ammunition, 15% in jewelry and 20% other. A new owner can increase profits by increasing the focus on gold and jewelry. The nearby area has a median household income of $40,938. The pawn shop is located on a well know street with good traffic volume. The stand-alone building is easily identified while driving in either direction.

Property information

Location:

Located in a one story, stand-alone building of 5,000 sq. ft. The buyer can purchase the business with/without the real estate. The real estate is priced at $395,000 and that amount is not included in the asking price. The price represents a 10% cap rate.

Size in square feet:

5,000

Other information

Expansion potential:

Expanded focus on gold and jewelry.

Competition / Market:

Enough separation from other pawn shops to support strong growth.

Support & training:

Will train for 3 weeks @ no cost

Reasons for selling:

Retirement

Trading hours:

Mon-Sat 9am-5pm

Furniture / Fixtures value:

$25,000 (included in the asking price)

Inventory / Stock value:

$269,292 (included in the asking price)