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Listed by:

Armen Nazarian Business Brokers

Exchange Shop For Sale

Wayne County, Michigan, US
Asking Price:
$170,000
Sales Revenue:
$464,659
Cash Flow:
$84,779

This is a great opportunity to own a well-established Exchange Shop in Suburban Wayne County, MI. Established since 1987, this profitable Exchange Shop is located on a highly traveled road surrounded by plenty of residential and commercial properties in the surrounding areas. The shop specializes in Name Brand Tools, Jewelry, Coins, Silver & Gold, Instruments, Electronics, Gaming Systems, and more. Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with adding a pawn license, website and online estimates, jewelry repairs, opening Sunday, expanding hours and adding more inventory, you have HUGE potential. Easy to operate with minimal staffing required and lots of potential for growth. Perfect for a husband-and-wife team. Seller will stay on board to train new owner and entertain all reasonable offers! Call Armen Nazarian Business Brokers

Property Information

Real Estate:

Lease

Premises Details:

Established since 1987, this profitable Exchange Shop is located on a highly traveled road surrounded by plenty of residential and commercial properties in the surrounding areas. The shop specializes in Name Brand Tools, Jewelry, Coins, Silver & Gold, Instruments, Electronics, Gaming Systems, and more.

Size in square feet:
2,000

Business Operation

Expansion Potential:

Current owner does minimal advertising…a new owner/operator with some creative advertising/marketing along with adding a pawn license, website and online estimates, jewelry repairs, opening Sunday, expanding hours and adding more inventory, you have HUGE potential.

Reasons for selling:

Retire

Employees:
2
Years established:
1987

Other Information

Support & training:

seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$170,000 with $85,000 down. 8% int., amortized over 60 months

Inventory / Stock value:
$40,000