A price reduction is available for immediate sale.
Well-established pawn broker in the area, operating since 2019.
We buy or loan cash on gold, jewelry, diamonds, phones, laptops, tablets, consoles, and power tools with a similar business model to Cash Converters.
The premises have another £100,000 in fixtures and fittings, both internally and externally.
This includes but is not limited to:
- A Grade 3 Alarm System
- Wall-fitted vibration detectors
- 3x safes (two of which are Eurograde 1)
- A remote monitoring camera system with 14 cameras.
- Fully fitted office with 2x wall-hung televisions, desk phone, and computer.
- A secure storage room for pledge and valuable stock
- Galvanised Roller Shutters
- Wi-fi system with extenders for full coverage.
The sale price also includes a pledge of approximately £10,000 (buybacks, FCA and contracts).
To set up, obtain permissions for and open this type of business would cost in excess of £100,000, after which it can take years to build a customer base and trust.
This business has been open for four years now and is part of another shop that has been running since 2016 with a 5-star rating on Google.
It would not be an exaggeration to say this is a great opportunity to get a head start while also avoiding the heavy initial costs.
I would advise checking out this franchise and how much they estimate to get started as a Pawn Broker so you can see this is not being exaggerated.
The genuine reason for the sale is that the owner has emigrated from the UK.
