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Pawn, Gold, and Gun Shop in Stone Mountain, GA

Stone Mountain, GA, US

Added 1 month ago

Pawn Shop Retail Store

50 years in business

Absentee / Semi-AbsenteeRetiring Owner

A 50-year-old pawn, gold, and gun shop located in Stone Mountain, GA, offering retail sales of firearms, gold, jewelry, electronics, and pawn loans.

Asking

$520K

Revenue

$750K

Earnings

$400K

Multiple

1.3x

Business established for 50 years
Location: Stone Mountain, GA, US
Store size: over 1,600 sq ft
Included assets: new computers, scanner guns, printers, $10,000 Pawnmaster software, digital camera system, security system, trip wires, iron security gates/windows, 3 TL30 fireproof safes (valued at $25,000 each), 2 additional large safes ($15,000 total), $7,000 signage, over $150,000 in store buildout, $75,000-$100,000 inventory, total over $250,000 invested
Rent: $1,900 per month
All pawn loans included in sale; gold jewelry available for purchase at wholesale prices
Grossed over $1.3 million in 2020 and $1 million in 2021 on gun sales alone, with an additional $300,000-$350,000 per year in scrap gold sales (per seller, tax returns available)
Current operating hours: 4 days per week, 4 hours per day since being repurchased 11 months ago; netted over $400,000 and sold over 400 guns in that period
Does not qualify for an SBA loan

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50% OFF-MILLION $ SHOP 50 yr Proven Pawn Gold & Gun Shop- Money Maker! - Business for Sale