Friendly and Reputable Pawnbrokers and Cash Converters in London

ELTHAM,, London
REF: S07766

Asking Price:
£600,000
Annual Turnover:
£2,179,347
Annual Net Profit:
£200,000
Reduced
REF: S07766
Photo of Friendly and Reputable Pawnbrokers and Cash Converters in London

Overview

Tenure:
Leasehold
Established:
2008
  • Excellent reputation and loyal customer base
  • Huge growth and franchise opportunity
  • Spacious, well-equipped premises at all sites
  • Equipment included
  • Friendly, professional staff and wide variety of services

The business for sale is a pawnbrokers and cash converter company that is based across multiple locations in London.

It offers a range of services, such as the exchange of customers’ gold and silver jewellery for cash, as well as pawnbroking for clients to borrow against their gold, jewellery and watches. It also provides a buyback service, in which customers can borrow against their electronic products.

Established in 2007 and a proud family-run enterprise, the business has become very popular at all its locations and is well-known in the surrounding communities for its friendly service, quality products, and great value for money.

The buyer could easily franchise the business, should they wish to do so.

The business is situated across 4 premises throughout Greater London, therefore affording the brand an excellent level of visibility within the nation’s capital city.

The 4 sites are located at Eltham, New Addington, Burnsey, and Syndham, all of which benefit from high levels of passing footfall.

The sale price includes all fixtures and fittings from all 4 premises, such as safes, storage, and a range of glass-fronted, secure units and cupboards. The total stock in possession of the company was valued at approximately £229k when registering with Intelligent.

Additionally, the business has an online eBay store and is in the top 18,000 eBay rated sellers, with 22,000 feedbacks from customers. It also operates a Facebook page and a website which outlines the company’s services, site locations, and contact details.

Furthermore, the vendor is willing to offer a transitional period to ensure a smooth handover of business operations.

The ideal buyer would be someone who is currently or was previously involved in the pawnbroking sector, but also possesses experience in marketing, ecommerce, and social media. This would equip the business with the desired skillset to develop the company’s brand further.

The best way for this business to establish future growth is to expand on its locations by carefully increasing the number of sites available, therefore targeting new geographic areas and new customer bases.

The buyer may also wish to franchise the business.

Features

Online Presence

Location

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  • Four city centre locations
  • High street locations
  • High levels of footfall
  • Nearby car parking

Property

Annual Rent
£68,500
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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