Retail

Specialty store

Long Established Pawn Brokerage Confidentially offered for sale Ref No: AK030 Location:Worcestershire Asking price £95,000 inclusive of all outstanding monies+SAV The business was established in 1990 and bought by its present owners in 1994. It operates standard pawn broking facilities both buying and selling items of interest and holding a significant stock of “ticket” items. They also offer a cheque cashing facility. The business is located in an ideal area of the city. Customer Service: The business has a regular client base who use the broking side of the operation plus regular bargain hunting customers who come to view the extensive and broad ranging level of stock. The business limits it’s trading to items of a sensible size and price. Retail goods include. Videos, TV’s, Music Centres and Stereos, Bicycles, Jewellery, and Fishing Equipment to name but a few. These are sensibly priced and well presented with all jewellery items being held in glass display cabinets. Key Strengths: The business is well known in the area. There are no borrowings Growth and Expansion: The operation does not presently benefit from a computer system. All accounting is recorded manually. It would be a straightforward commercial opportunity to increase the level of cheque cashing and establish a money transfer facility for foreign workers seeking to send money home. A local advertising campaign would increase levels of revenue and general awareness Employees: The business is owned and run by two partners. Advertising and Marketing: The business does not presently advertise nor does it have a web site. Premises: The leasehold premises occupy a corner site on a main road leading into the city centre. The lease has a further ten years to run on the existing agreement and comes at an annual cost of £8800.

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