Thriving Pawn Business with Prime Real Estate on Main St Corridor
Business Description
Serving Customers for 45 years in high growth Downtown
Discover a 45-year-old pawn shop in Colorado, offering a welcoming, stereotype-breaking environment for pawning, buying, and selling great merchandise. Centrally located in a 10,000 sq ft retail space with onsite living accommodations, this business boasts a diverse inventory including jewelry, firearms, musical instruments, tools, coins, laptops, and plenty more items.
Key highlights:
• Strong financials: $1M+ average annual revenue (2021-2024), 48% gross margins on sales. Pawn loans generate reliable interest income with a 60% redemption rate.
• Loyal customer base: Third-generation patrons praise fair pricing, knowledgeable staff, and compliance (e.g., national database uploads ensure
Key highlights:
• Strong financials: $1M+ average annual revenue (2021-2024), 48% gross margins on sales. Pawn loans generate reliable interest income with a 60% redemption rate.
• Loyal customer base: Third-generation patrons praise fair pricing, knowledgeable staff, and compliance (e.g., national database uploads ensure
About the Business
- Years in Operation
- 52
- Number of Employees
- 5
- Facilities & Assets
- Over 10,000 sq. ft. includes over 6,000 sq. ft. of retail, 2,500 sq ft of climate controlled storage, and a 1,500 sq. ft. residential accommodation. Retail space could be further divided for additional tenant(s).
- Market Outlook / Competition
- Central location ensures high foot traffic and history brings back loyal customers
- Opportunities for Growth
- - Expand on-line Sales
- Introduce Repair and Customization Services
- Launch Loyalty Program
- Use technology for virtual appraisals
- Integrate Buy Now Pay Later Financing
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Moving on to other opportunities
- Transition Support
- Owner will provide training and support during a mutually agreed upon period.
Listing Info
- ID
- 2409952
- Listing Views
- 115
Listing ID: 2409952 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.
Businesses for SaleColorado Businesses for SaleColorado Retail Stores Businesses for SaleColorado Other Retail Stores Businesses for Sale
