Pawn Shop
Off-MarketHutchinson, KS
A Pawn Shop
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$800,000
$350,000
43.8%
1994
Past 24h
Customers
The customer base consists primarily of walk-in retail customers and long-standing clients built over 32 years
Customer Acquisition
The business is driven mostly by word of mouth and the owner's local reputation. Past marketing included radio and television commercials, though minimal marketing is currently conducted. The pawn shop's location at a busy corner contributes to customer visibility.
Team
The business employs four staff members.
Owner's Role
Owner works Mondays all day, plus nine to noon on two to three other days per week, taking Fridays and Saturdays off. A manager and assistant manager handle day-to-day operations while the owner maintains limited involvement.
Reason for Selling
The owner is 63 years old and seeking retirement.
Contracts
No
Real Estate
Yes The main property is a three-story building at the busiest corner in town. The main building contains approximately 2,000 square feet downstairs and 1,500 square feet upstairs. An unused studio apartment upstairs has historically housed employees and previous renters. An adjacent half-acre lot includes three storage buildings (two 10 x 12 structures and a two-car carport) enclosed by fencing. All real estate is owned outright with no outstanding mortgage.
When Are You Looking to Sell
Within the next 3-6 months
Licenses Required
The business requires only a precious metal license to operate
Additional Notes
The business includes approximately $150,000 in inventory to be included in the sale. Of the $350,000 net profit, approximately $160,000 represents salaries and wages, and $100,000 is the owner’s personal draw. Insurance costs are approximately $22,000 annually. A potential buyer operating the business themselves could retain approximately $182,000 in annual profit. The business has strong profitability potential if owner expenses are reduced.
Business ID: 2007
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