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Secondhand Dealer and Pawnbroker - Best in Victoria

Secondhand Dealer and Pawnbroker - Best in Victoria
Price 399,000 plus SAV
Turnover $1,000,000


Price 399,000 plus SAV
Turnover $1,000,000
Location 449 Nepean Highway Frankston VIC
Categories Retail – Homeware/Hardware Services
Date Listed 25th May, 2014
Listing ID 86


Secondhand Dealer and Pawnbroker - Best in Victoria

Recession Proof - High Profits - Strong Cash Flow

This business buys and sells second-hand items from private individuals: and lends money against goods held as security, until the loan is repaid along with the accrued interest.

Same owners since 1999, whom are retiring, thus providing an un-paralleled opportunity for an astute investor to enter this lucrative 'high profit' cash business.

Trading 6 days Mon-Sat (no late nights), with the option to trade Sundays and public holidays for additional rewards.

Current 4 year lease (commenced April 2015), with a further 4 year option.
Located in Frankston CBD, this business has a strong following of repeat loyal customers.

The extensive stock and client database is computer recorded, using a proven pawnbroking software package.

Interest rate on loans is 25% per month.

Current stock value and loan base is $450,000 including gold, jewellry and other goods of value.
5 large windows offer magnificant exposure to the main road traffic at the door.

High impact Air Conditioned shop of 130sq m with 3 full time experienced staff and a casual.

Further growth potential available to entrapenural new operator, including 'cheque cashing', 'pay-day lending' and increased on-line sales.

SUCCESSFUL BUSINESS - Original owner retiring.

Training provided.