This one is a cash cow! Southeast Virginia’s superior pawn and gun shop since 2010. This is the ONLY shop in a historic city of nearly 100k people that sells guns and ammo.
Business is booming and will continue to get busier and more profitable with a new owner. Success has increased with the new 340 million dollar casino that opened Jan. 2023 which is only 1.5 miles down the road from the pawn shop. Close to four military bases, the US Coast Guard, and Naval hospital, and less than 30 minutes from Virginia Beach.
The business occupies about 2000 square feet with a dedicated and secure gun and ammo room, many beautiful jewelry showcases, a stock room, razor fenced yard for vehicles with a canopy, a storage container, and an office. The owner has spent a lot of time and money (200k plus in fixtures, furnishings, and equipment) creating a quality operation that is known and respected throughout Virginia and northern North Carolina.
Over $275,000 in inventory and pawns are included in the sale, at the seller's cost. If you sell the 275k in inventory you should make a little shy of $ 750,000.00 from that inventory alone.
A longtime, trusted, and knowledgeable employee wants to stay on and would be a great asset to the new owner. The seller is retiring to spend more time with family. Broker and Seller require NDA for more information on the business.
The broker will also ask for proof of funds or a preapproval letter from the lender before any significant conversations are had. Huge opportunity to buy big-time money makers.
This business is a Cash cow! Please complete the NDA by following this link and filling in all fields to ensure that we have what we need to put you in the running to be the next owner of this amazing business. This business requires a 10% deposit and has already been set at a very competitive price. If you have excellent credit and can secure the lease the seller will consider some seller financing as long as you make a full offer as this one is priced way below market value but it is at the seller's discretion.
Southeast Business Alliance is always looking for entrepreneurs in the restaurant and manufacturing business.
