PROFITABLE & WELL ESTABLISHED PAWN SHOP - EDENVALE
SELLING PRICE: R 10 Million
TURNOVER: R 8.7 Million pm
NETT PROFIT: R 2.5 Million pa
DESCRIPTION: This unique Pawn shop has been in
existence for 24 years. Like all pawn shops, the stock range and product
availability is immense ranging from household, electrical, kiddies play
equipment and motor vehicle components. In addition jewellery, gold and watches
are a big profit spinner. Recently they have also been involved with Property
acquisitions. Owner is looking to retire. They are also well known
as a pawnbroker, offering loans to people in exchange for valuable items that
are used as collateral. Item are kept until the loan is paid back, plus
interest. If the loan is not repaid, the pawnbroker sells the item to
recoup their money. People prefer pawning with this pawnbrokers as
it provides consumers with a fast, discreet, and convenient way to borrow
money. Its helps clients who have short-term cash demand and do not have
to check on credit status or face repercussions for not paying back the money.
