Large Pawn Shop with 34 Years of Continuous Growth

Pawn Shop was founded in 1989, and since its inception has been located in a prime location in Atlanta, GA MSA city. Pawn Shop offers secured loans to individuals, who provide jewelry, electronics, items of value, and a significant selection of specialty firearms as collateral. Today over 90% of Pawn Shop revenue is generated from the sales of pawned and purchased merchandise.

Pawn Shop has a knowledgeable staff of that range between 14 - 16 employees. These employees report to the pawn shop's senior employees, a General Manager, a Pawn Manager, and a Gun Department Manager. General Manager and Gun Manager have been employed with Pawn Shop for 15 years each and all three managers have 20 to 30 years in the Pawn industry. All three are open to remaining, post-Closing.

Pawn Shop has used the same outside accounting firm for 3 years and provides the company’s financial reports and files their federal and state tax returns. Also, all firearms-related businesses comply with the ATF.

During the COVID period, 2020 and 2021, revenue almost double the 2019 revenue. In 2022, Pawn Shop sales are returning to normal growth rates from their surge in the previous two years.

Other Key Facts for Pawn Shop continued success

• Customer exceptional service and knowledge of key merchandise.
• Revenue breakdown: Guns & Accessories 75% | Jewelry 6.5% | Other Merchandise 12% | Secured Loans 5.5%
• Excellent relationships with key firearms suppliers’ dating back 25 years, resulting in excellent credit terms.
• An experienced gunsmith is employed full-time on-site.
• Constant new customers due to referrals (“word of mouth”)

The preferred transaction is an Asset Sale made up of: Inventory; Pawn loans; Layaways; Goodwill; FF&E; and Trade Name

Inventory breakdown Total $3,244,110: Guns & Accessories $2,010,799; Jewelry $606,107; Other $617,204 Pawn Loans: $802,000