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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.
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For more information about this property, please contact Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.