This high-end pawn shop in Orange County provides consumers quick, convenient, and confidential ways to borrow money. Ideally located, they draw customers from surrounding neighborhoods, both affluent and lower-middle class. Their primary revenue streams are reselling retail items and providing personal loans for customers’ collateral.

70% of revenue is retail sales; half is sold in the shop and the other half online. The shop acquires inventory when a customer defaults on their loan and sacrifices their collateral, or when they spot a good deal online. The other 30% of revenue is interest from loans; they take personal property as collateral, loaning customers 40-50% of its’ resale value. The state regulated pawn loans are a fixed 4-month term and are rewritten every 4 months. If pawned interest is not paid after 4 months, the customer enters a 10-day grace period. At the end of the grace period, the customer's collateral becomes the property of pawn shop, which the owner then resells. The shop has built a robust loan portfolio, with over $300k of outstanding principle backed by collateral with a resale value over $600k. Most of all the owner has done a fantastic job of building out a first-class pawn shop that appeals to folks with a wide range of financial and retail needs!

The seller is relocating, so it’s time to sell the business. A Buyer can step into a solid foundation and take this lucrative pawn shop to the next level. The website could use a serious refresh, as it doesn’t currently showcase a wide variety of in-demand consumer items. A marketing-savvy Buyer could also grow the social media and promote to a larger consumer market. This Pawn Shop is a rare, profitable, niche business opportunity for a Buyer to operate the business and realize a multiple 6-figure income, or hire a manager and still bring home 6-figures. Pawn shops typically do well in down economies when cash is tight, so this is a great recession resistant business! Interested? Contact the Agent today!