Long Established Pawnbrokers With Huge Scope In Worcester For Sale

Business description

• Traditional Pawnbrokers –current GP: £51,000
• Available net profit: £34,000 per annum
• Huge scope – retirement sale
• Currently no technology products handled
• Currently no Western Union, moneygrams etc
• Very limited advertising undertaken
• Busy location – local and passing traffic
• Superb opportunity for new owner operators

The asking price includes all stock and monies due to the business.

Property information

Property:

Leasehold

Lease terms:

Our clients’ 25 year lease commenced in September 1994. The lease provides for a four yearly rent review but these have not been implemented.

Leasehold rent:

£8,800 per annum

Location:

This business benefits from a busy location on St Johns which is on the edge of Worcester City Centre. There is good footfall which comes from both local and passing traffic. The business is surrounded by housing and other local businesses and traders and has the benefit of ample on street parking in the vicinity.

Premises details:

The business is located on the ground floor and benefits from a well equipped trading area leading through to a rear storage room and washroom and toilet. The shop has a large Milner fire proof safe along with glass jewellery counters and ample shelving and racking for the display of goods.

Business Operation

Expansion potential:

This is an established and successful business currently being operated on very limited hours due to our clients’ circumstances. A new and enthusiastic owner who can open the store full time and introduces new product ranges will undoubtedly have a very successful business.

Reasons for selling:

Retirement

Trading hours:

The business is only currently open limited hours across three or four days of the week.

Other information

Support & training:

Our clients will ensure a full and seamless handover of the business.