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Well Established Pawn Shop Business In Alphen Park For Sale

Alphen Park, Gauteng, South Africa
Asking Price:
R2,950,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
R7,000,000
Cash Flow:
Available on request

Well established Pawn Shop Business for Sale in the East Rand area. The business has been in operation in a reputable area for more than a decade and has experienced consistent growth.

Annual Turnover is R7 000 000.
Lease at R45 000 excl VAT monthly.
344 square meters

Selling price is set at R2 950 000 which includes all assets, equipment, Stock and Pawn Book.
The above assets and equipment amount to a cost value of R1 900 000 with a retail value of approximately R4 000 000.

This is a promising business with ample potential for someone to take over and expand further.

Property Information

Real Estate:

Lease

Lease Terms:

The lease and escalation will be negotiable, one option available is a 5 year lease with an option for another 5 years. No escalation for two years thereafter 5% annually.

Leasehold Rent:

R540,000 per annum

Location:

Located at a Prime and busy street close to a Highway.

Premises Details:

The business is located inside a Centre which is easily accessible. All tenants in the Centre are thriving, drawing in a substantial number of clients.

Business Operation

Expansion Potential:

Can be discussed.

Competition / Market:

The business faces little to no direct competition in its vicinity.

Reasons for selling:

The motive behind selling the business is our commitment to focus on other ventures within the same premises.

Trading hours:

08h00 to 18h00 weekdays / 08h00 to 14h00 weekends

Employees:
8
Years established:
10

Other Information

Support & training:

We'll support the business takeover for a month, after which we'll be present onsite due to our other ventures at the premises.

Furniture / Fixtures value:
R400,000 - included in the asking price
Inventory / Stock value:
R1,500,000 - included in the asking price