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This is a well-established pawn shop specializing in firearms. This business generates income from interest on outstanding pawn loans as well as periodic sales of guns. A high percentage of the loans are regularly renewed. The sale price includes: firearms inventory of $31,000; outstanding pawn loans receivable of $13,000; fixtures; goodwill; and the customer database with thousands of pawn and seller contacts from the past five years.
$11,400 (USD) per annum
The business was established in 1998 and the original owner still operates the business. Located in an industrial area close to the interstate highway exit and near the city center.
Property consists of 1,200 SF which serves as the shop and storage for inventory.
The Seller divides his focus between this and another business. He relies exclusively on word of mouth, existing customers, and referrals. Growth will come from increased effort by the new owner as well as marketing to existing and potential customers. This business will flourish with a full-time owner/operator who is willing to dedicate the time and effort to grow the business, and who is also able to invest in increased inventory. The owner has participated in gun shows in the past, which have been very lucrative.
While there are about other 11 other pawn shops in the county, there is only one competitor who services this area of Southern Utah County. The owner has differentiated himself by offering friendly honest service and specializes in firearms.
Mon - Fri: 9:00 a.m. - 6:00 p.m.
Owner will provide 2 weeks training.
Up to $20,000 for 24 months for a qualified buyer.
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