Business Summary

PROFITABLE & WELL ESTABLISHED PAWN SHOP – EDENVALE
SELLING PRICE: R 10 Million
TURNOVER: R 8.7 Million pm
NETT PROFIT: R 2.5 Million pa
DESCRIPTION: This unique Pawn shop has been in existence for 24 years. Like all pawn shops, the stock range and product availability is immense ranging from household, electrical, kiddies play equipment and motor vehicle components. In addition jewellery, gold and watches are a big profit spinner. Recently they have also been involved with Property acquisitions. Owner is looking to retire. They are also well known as a pawnbroker, offering loans to people in exchange for valuable items that are used as collateral. Item are kept until the loan is paid back, plus interest. If the loan is not repaid, the pawnbroker sells the item to recoup their money. People prefer pawning with this pawnbrokers as it provides consumers with a fast, discreet, and convenient way to borrow money. Its helps clients who have short-term cash demand and do not have to check on credit status or face repercussions for not paying back the money.

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Property Details