GOLD DEALER, FOREX AND PAWN BROKER in West Yorkshire for Sale.
This is an easily run business for which no previous experience is necessary. Annual turnover £1,240,000. The business operates relatively simple systems and procedures buying in precious metals in the form of scrap jewellery and making a margin on the difference between the spot rate and the price paid to customers of the business. The gold is then sold onto gold refiners and the business uses a number of different refiners to ensure the best possible return. Similarly the same systems are applied to the purchase and sale of foreign currencies with a margin applied to each transaction and a higher margin is applied to the more exotic currencies. Whilst the business is simplicity itself to run, it has proved itself to be VERY PROFITABLE for our client and SHOWS A NET PROFIT IN EXCESS OF £40,000 on management accounts to December 2022. Situated in this busy shopping centre which has recently undergone a multi-million pound refurbishment within this bustling West Yorkshire town centre.
Stock £30,000 to £55,000.
EPC Band F.
