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Premier Gold, Coins, & Valuables Pawn Shop for Sale

Palatine, IL

Seller Financing Available

listing image
Cash Flow:$1,685,000
Inventory:$2,800,000
Established Year:2008
Gross Revenue:$12,500,000
FF&E:$255,000
Listing ID: 2225136Listing provided by BizBuySell
BUSINESS DESCRIPTION

Valuables Pawn Shop for Sale

Established in 2008, this Company is dedicated to providing customers with fair market valuations for their cherished items, including rare coins, various precious metals, and a range of collectibles. With four retail locations in Chicago, they pride themselves on exceptional customer service and a methodical appraisal system that cultivates customer trust and minimizes risk, thereby protecting their profit margins. The Compnay’s success stems from a consistent, high-standard purchasing protocol, making them a reputable choice for converting treasured assets into fair market value.

Since 2015, the Company’s strategic initiatives have spurred consistent growth, distinguishing itself as an innovative leader in the coin dealing industry, possibly being the only one in the U.S. to venture beyond a single retail location. Its commitment to integrating technology has positioned the Company to capture the online bullion market and expand its brick-and-mortar footprint throughout the Chicago area, signaling its readiness to transcend traditional business models. By implementing efficient systems, establishing a robust online presence, embracing CRM, and engaging in dynamic marketing, the Company on the threshold of unlocking new lucrative revenue channels, underpinning its goal to not only grow but to dominate their sector.

NDA is required to secure comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.

DETAILED INFORMATION
Location
Palatine, IL
Inventory
Included in asking price
Employees
17
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Four (4) physical locations in the Chicago area, each with approximately 1,000 sq. ft. in space
Competition
In the gold retail industry of the Chicago area, the Company stands out with its four strategically placed stores, showcasing a commanding presence unmatched by the thirty or so other retailers in the region. Its significant impact and substantial customer base solidify its leading status, with a market reach and commitment to the business that many competitors simply do not demonstrate.
Growth & Expansion
Plenty of growth opportunities exist for the Company as over the past few years, the Company has undergone substantial operational upgrades including the creation of a bespoke database for orders, and the thorough documentation of its internal processes, significantly boosting efficiency. Currently, the company is preparing to launch a strategically developed online bullion store integrated with advanced API for seamless order fulfillment and risk management, complemented by a new CRM system designed to enhance lead tracking and management, setting the s
Financing
TBD if structure and terms are acceptable.
Support & Training
The Seller would like to retire and possibly move out of the country once the business is sold. He also has young children and would like to dedicate his time and energy to them.
Reason for Selling
The Seller would like to retire and possibly move out of the country once the bu
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Scott Cunningham
Pronova Partners
Phone Number
Scott Cunningham
Call Phone