Description Listing #86
Secondhand Dealer and Pawnbroker - Best in Victoria
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.
Price 399,000 plus SAV
Location 449 Nepean Highway Frankston VIC
Categories Retail – Homeware/Hardware Services
Date Listed 25th May, 2014