New Business For Sale: Pawn Shop - Excellent Location

March 26, 2018 by Carrol Hall

Carrol Hall just launched a new listing: Pawn Shop - Excellent Location

Pawn Shop - Excellent Location
Asking: $81,000 • Gross: $444,865 • Net: $

Very Established Pawn Shop on a very busy intersection in Maui for Sale!  The business is turn key and staffed with experienced personnel and has an ideal shop and location.  This business is located in Kahului, Maui and this town is the main hub for major stores on the island.  Just about every Maui Island resident goes to Kahului to shop or do business.

The business has operated in Maui since 2001 and on the mainland for 35 years.  The owner is selling this business and commercial property (90% occupied).  

Pawn Shop has an established Pawn and Retail customer base.  Items are pawned, loans are given to its Pawn customers and if the Pawn customer does not return for their item, that item is sold in their 3500 SF retail store and in many cases,posted online on Ebay and Craigslist.  Obtaining a 3500 retail space is very rare on Maui and is difficult to obtain.  The owner owns the commercial property (that is sold speparately) and has leased this space to his pawn shop.

The Owner will negotiate lease terms with a new owner.  

This Pawn Shop revenues are in excess of $400,000 for 2016 and 2015.  This business presently has inventory of $50,000 and $4,000 in Pawns.  

Interest rate charged for Pawns is 20% per month.

The owner priced this business based on the current inventory, pawns and the name recognition. It is priced for an immediate sale and sold as is.

Please contact Carrol Hall at 808-280-3349

 

Carrol Hall
Email: chall@bizex.net
Office: (808) 797-3067 ext 147
Blog: https://www.bizex.net/blog
Web: https://www.bizex.net/business-broker-ma-advisor/carrol-hall

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