 | Traditional Pawnbrokers Used Goods For Sale Cardiff, South Wales, United Kingdom Advert ref: MS 352 FINANCIAL DETAILS | Asking price: £45,000 Sales revenue: £260,000 Net profit: Undisclosed Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer this successful traditional Pawn Broker’s outlet also offering used goods including gold, electrical, computer and household items etc. The business holds goods under pledges from customers that initially attract interest and are offered for sale should the pledges not be redeemed.
The business further benefits by holding a contract with a leading high street chain store to purchase returned goods at a greatly reduced price to sell on through the shop.
Further income is produced via an on-line internet shop.
Operated by two full-time and one part-time staff the business is easily managed.
Premises: The business is located in two lock-up shop units (approx.2,500 sq ft combined) both with full display windows. The unit to the left is used as the display and retail area. This unit has a secure office (with safe), storeroom and a staff toilet.
The unit to the right is used for storage, internet trading area and as a workshop and a staff toilet. Stairs lead down to a large basement area that covers both shop units. This basement is used for further storage for the high street chain store.
Both units are fitted with steel shutters.
There is a option to take on a Mercedes Sprinter Van if required
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GENERAL INFORMATION | Employees: 2 full time/1 part time
Trading hours: Monday to Saturday 9.00am to 6.00pm
Property: Leasehold
Lease terms
Leasehold new 15 year lease
Rent: £32,500 per year
Rates: £8,320 per year
Freehold may be available
Location
The business is ideally located on a busy street on the outskirts of the City Centre. The area is made up of a mix of commercial and residential properties.
Support & training
Handover training availanble
Reasons for selling
Other business interests
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The Business Partnership - South Wales | | | |
