Pawnbrokers/Cashconverters for sale in Birkenhead

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £30,000 Price Reduced Turnover: £88,530 Gross Profit: £68,749
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Business Description
BUSINESS
Hilton Smythe are delighted to offer Squibbs Pawnbrokers to the market. Established by our client in 2000, the business has built up an excellent reputation locally and boasts a large, loyal customer base. Having ran the business for 15 years, our client now offers the business for sale due to his wish to retire. The business operates 4 days per week and generates a turnover in the region of £88,500 per annum, with a gross profit of approximately 78%.

The businesses main activities comprise a cheque cashing service and general pawn brokering of jewellery and other items.

The business is currently ran at a pace to suit our client the revenue could be easily increased by opening 7 days per week and the addition of other services such as payday loans.

Early viewing must come highly recommended in order to appreciate this opportunity to acquire this profitable, turnkey operation.

LOCATION
Squibbs Pawnbrokers is ideally located on a small retail within a densely populated residential area in the Merseyside town of Birkenhead, North West England. Situated on the busy B5172 Bedford Road, the business benefits from much passing trade. There are also many other complementary businesses in the vicinity such as a convenience store, public house, bookmakers and hair salon.

The area is served by the Birkenhead Rock Ferry Train Station. Junctions and 3 off the M53 Motorway allows access to the national motorway network and the town is well served by a popular bus service running throughout Birkenhead and out to surrounding towns and villages.

PREMISES
The business occupies a spacious, well fitted, double fronted lock up unit.

The premises are fully secure with the windows and doors fitted with metal shutters in addition to CCTV throughout and alarm system.

The main retail area is fitted with two counters either side of the premises, one of which is protected by double glazed security glass and a seating area for waiting customers.

To the rear is an office, staff kitchen and W/C.

TENURE
Advised leasehold. New 10 year lease recently agreed, with 10 years remaining. Rent stands at £500 per calendar month with review every 3 years.

HOURS
The business currently observes the following opening hours:

Tuesday – Friday: 9am to 5pm

Saturday, Sunday, Monday: Closed

STAFF
The business owner ran and managed with the assistance of 1 member of staff.

FINANCIAL PROFILE
The business currently generates a healthy turnover of £88,500 with a gross profit of 78%. Full accounts available upon request.  


Tenure: Leasehold

Listed by: Hilton Smythe
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