Long Time Established Pawn Shop in Beautiful North Mississippi

Asking Price$899,000

Cash Flow

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$130,000
Included in asking price
FF&E$35,000
Included in asking price
Real Estate$750,000
Included in asking price
Save1/6

Long Time Established Pawn Shop in Beautiful North Mississippi


Asking Price$899,000

Cash Flow

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$130,000
Included in asking price
FF&E$35,000
Included in asking price
Real Estate$750,000
Included in asking price
Business Description
AJ's is a family owned and operated business that has been in operation for almost fifty years. The local community has trusted AJ's for a long time to handle short term loans, purchase their firearms ammunition, and pick up their music supplies.

We purchased AJ's twelve years ago from the founding owner and have made wonderful relationships since then. The most important strength for AJ's is the wonderful region in which we are located. I cannot brag highly enough of this place and the people here. Folks in North Mississippi are just wonderful.

AJ's status as a community fixture has allowed us to weather some of my own flaws as someone learning how to run a business as well as providing us a solid defense against the 2020 nonesense that hurt so many small businesses.

Whether you specifically want to run a pawn shop or are looking for an established small business in general, this is an excellent place to come and create a store personality that blends the store needs with your character. It will be something you truly will love to watch develop.

I run a typical mom-and-pop, so there is huge potential to modernize and marry the old comfortable ways with more technology to grow potential and bring in different clientele. I don't do any online selling. I don't do any social media. I don't run a website. I have left all of that growth potential for you.
About the Business
Years in Operation
46
Employees
Currently Family Operated
Facilities & Assets
3,700 Square foot building with an additional 2,000 square foot basement storage area on about a half acre lot at the intersection of two highways in a wonderful town. People are wonderful here, local law enforcement is great; our residential neighbor across the streets keeps a lookout on the place.
Includes walk in vault for firearm and valuables storage. Plenty of gondolas, display cases, and wall hanging space for showroom, and a very spacious backroom storage area. Jeweler's bench and buffer included as well as desks and filing cabinets.
AJ's has been in business for almost 50 years and has a solid customer base and a great reputation in the area. Everything is in place - pawn accounts and relationships, wholesale accounts and relationships, some local jewelry stores who do not purchase scrap precious metals send those customers to us becasue we treat our customers well. It is all ready for you to walk right in and make it yours. We also work with a jeweler who does excellent work.
Market Outlook / Competition
We draw customers from five counties, and I do very little advertising. The three counties from which we draw the heaviest have a population of around 80,000. We get regular traffic and have regular customers from a couple of other counties as well. I have learned, whether any business is transacted or not, treating people with courtesy, respect, and kindness keeps folks coming. In the digital age, it is the positive human interaction that keeps folks walking into a brick and morter business. We have regular customers who drive past other establishments because they liked how they were treated here. There is one other pawnshop in town; I love sending customers to shop them because they are usually back here in less than half an hour. People enjoy AJ's.
Opportunities for Growth
I am old fashioned and run an old fashion shop. To be honest I am quite complacent. I enjoy this place but I recognize I am deep in my comfort zone. An owner who enjoys taking advantage of tools like social media, website traffic, and online selling will take this established shop several levels above where it is. With the established customer base and community history we have, someone bringing that new energy and technological willingess will thrive here.
Pawns (collateral based loans), firearms and ammunition, and music are the staples here; however, the potentail for retail or service diversity or niche markets is unlimited. Every pawn shop has its own personality which is why they are so much fun. I am eager to see what this grows into as you mold AJ's future personality.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
5,700
About the Sale
Seller Motivation
1) Kids need more attention 2) Aging mother needs my help 3) Hoping to reenlist
Transition Support
I would love to be around for a couple or few weeks to give support and training. I will be happy to show what I do, and you will take that, build on it, and make it your own. I would love to be around a bit to help with at least some customers warming up to new ownership. I will always be a phone call away after that. Also I would be happy to introduce you to other pawnbrokers who enjoy building a thriving and healthy pawn community. There are many wonderful people in the pawn industry who not only care about their own business but genuinely care about their customers commuinity and other pawnbrokers.
I love this business and I love my customers, and hope someone comes in who will love and take care of both as well.
Listing Info
ID
2543074
Listing Views

Listing ID: 2543074 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings
PestMaster
$50,000PestMasterFeatured Franchise