Description of the business for sale
Jewelry Pawn shop, proven history of 60% plus return on yearly loan investment.
In addition there is a 9 year established retail business. A high volume watch, jewerly and clock repair business. A high profit scrap gold business. All of this proven potential in the downtown area of a busy coastal town. It has an assumable lease that is below current rates for this area. This is a excellent opportunity for a young couple, who wants to work hard, make good money and have tremendous growth opportunity.
Unique business opportunity that offers revenue flow from:
Pawn shop operations
Store front retail sales
Website sales
Repair services
Two business under one roof establish for 9 years on one of the more
desirable streets in downtown Santa Cruz. The store design is of the
old era with antique show cases and fixtures.
Pawn shop revenue flow
#1 Interest and fees from monthly loans
#2 Gold and silver scrap from daily buys of broken and unwanted jewelry
#3 Below cost for inventory items purchased "off the street"
#4 High profit margins for unclaimed pawn items
#5 Established repeat loan base
State licensed Pawn shop, (only pawnshop in the area)
Time pieces revenue flow
#1 In store sales of watches/clocks, jewelry, antiques and one of a kind items
#2 Large Ecommerce website sales
#3 High volume watch/clock and jewelry repair business