Friendly & Reputable Pawnbrokers & Cash Converters in London
£995,000
£2,041,954
£468,400
Overview
Leasehold
2007
- Excellent Reputation
- Friendly & Professional Team
- Well Equipped Business
- Secure Contracts
The business for sale is a pawnbrokers and cash converter company that is based across multiple locations in London.
It offers a range of services, such as the exchange of customers’ gold and silver jewellery for cash, as well as pawnbroking for clients to borrow against their gold, jewellery and watches. It also provides a buyback service, in which customers can borrow against their electronic products. The business operates in three high street locations in south London, plus a busy eBay account.
Established in 2007 and a proud family-run enterprise, the business has become very popular at all three locations and is well-known in the surrounding communities for its friendly service, quality products, and great value for money.
The business has a full FCA licence; these are not currently being issued to pawnbrokers, and this status is therefore in high demand.
The buyer could easily franchise the business, should they wish to do so.
The business is situated across 3 premises throughout South London, therefore affording the brand an excellent level of visibility within the nation’s capital city.
The 3 sites are located at Eltham, New Addington and Bemondsey, all of which benefit from high levels of passing footfall.
The sale price includes all fixtures and fittings from all three premises, such as safes, storage, and a range of glass-fronted, secure units and cupboards. The total stock in possession of the company is currently valued in excess of £280,000
Additionally, the business has an online eBay store - 98.7% positive feedback, 95,000 items sold, with 31,000 reviews from customers. It also operates a Facebook and Instagram page and a website which outlines the company’s services, site locations, and contact details.
Furthermore, the vendor is willing to offer a transitional period to ensure a smooth handover of business operations.
The ideal buyer would be someone who is currently or was previously involved in the pawnbroking sector, but also possesses experience in marketing, ecommerce, and social media. This would equip the business with the desired skillset to develop the company’s brand further.
The best way for this business to establish future growth is to expand on its locations by carefully increasing the number of sites available, therefore targeting new geographic areas and new customer bases.
The buyer may also wish to franchise the business.
Features
Key Information
- Sells Online: Yes
- List Marketplaces: eBay
- Products Sold: Electronics, Jewellery, Other
Reputation
- Google: 4.5
Online Presence
- Facebook: Yes
- Twitter: Yes
- Instagram: Yes
Location
- High Street Location
- High Footfall
- Nearby Car Parking
- Limited Competition