Jewelry & Collateral Lending - Business for Sale
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Jewelry and Collateral Lending Business in Surrey, BC
Surrey, BC, CA
Added 3 months ago
Pawn shop / Collateral lending
The business operates two jewelry and collateral lending locations in Surrey, BC, providing short-term loans secured by customer collateral and includes grandfathered business licenses in a regulated industry.
Key Information
Asking
$4.0M
Revenue
$3.3M
Earnings
$1.3M
Multiple
3.0x
Key Highlights
- Business operates in Surrey, BC with 2 locations
- Purchase price includes $400,000 (at cost) in current inventory
- Seller financing available: 80% of purchase price at closing, 20% paid in 5 years (subject to security)
- Buyer must secure a line of credit for $1,000,000 or more for customer loans
- All customer loans are for 90 days, with interest paid after 90 days or collateral forfeited
- Business has been operating for over 10 years
- New 15-year lease at each location
- Business licenses in this industry are grandfathered in Surrey; no new competitors can open in the city
- Option to purchase both buildings (each valued at $2,500,000 - $3,000,000) at closing or within two years
Contact Info
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