3 Businesses For 1 Price, US $420,000.00 – Picture 0

3 Businesses For 1 Price, US $420,000.00 – Picture 1

3 Businesses For 1 Price, US $420,000.00 – Picture 2

3 Businesses For 1 Price, US $420,000.00 – Picture 3

3 Businesses For 1 Price, US $420,000.00 – Picture 4

3 Businesses For 1 Price, US $420,000.00 – Picture 5

3 Businesses For 1 Price, US $420,000.00 – Picture 6

3 Businesses For 1 Price

US $420,000.00

Creston, Iowa, United States
Jan 30th

Open on mobile:
QR code

Overview My family & I have decided its time for me to retire. My wife has already retired and is on me to do some traveling, so I am selling THREE businesses for ONE price; First, is a Pawn Shop. Second, is a PayDay loan office. Third, is a Tanning Salon. First, the Pawn Shop (est. 1999) has approximately $225,000(retail) in inventory which of coarse, changes daily. We have around $70,000 in fixtures, office equipment and supplies. The pawn shop on average has $35,000-$40,000 loaned per MONTH plus interest (we charge 28%), plus retail sales. The pawn shop has always profited around $200,000 yearly. This is NOT your typical dark, dingy pawn shop, we are VERY clean, organized and well respected in the community. Second, the PayDay loan office (est. 2003) loans $5,000-$8,000 per WEEK, with varying interest rates between 10-15%. This office runs on a fourteen day turn around and consistently profits $34,000-$38,000 yearly. Third, the Tanning Salon (est. 2008) profits between $25,000-$35,000 per year. There is approx. $65,000 in equipment in the salon. The Hydration bed & Tanning beds are regularly maintained and bulbs changed at proper intervals. Facilities All these businesses are in a strip mall that I own. Its a 6000sq. ft. building built in 2003. It has four front doors with a great parking lot. The pawn shop & payday office occupy 3750sq. ft. The tanning occupies 850sq. ft. The rest I lease out. Competition The closest pawn shop is thirty five miles away, but our main competition is seventy miles away in Des Moines. There are two corporate payday offices in town, but they don't seem to bother us. There is one other tanning salon in town, but we have the best beds and our customers tell us that repeatedly. Growth Potential I do not sell guns in my pawn shop, but that would be a BIG asset to the bottom line if you are into firearms. There are no gun shops anywhere close to here. You could have more payday clients if you wanted to be more aggressive. We have room in the salon to add a spray tan booth if you wanted. I've also been toying with the idea of putting in an espresso machine. Training/Support I am just retiring, NOT moving, so I can stay on for a pre-determined time. FRANCHISE FEES There are NO franchise fee's! Run this business on YOUR terms, YOU are the boss. Seller Financing The three businesses must be paid for, but the property could be purchased, leased, or bought on a contract. Available by phone: work 641-782-9882, cel 641-340-3206, 8am-10pm. Call or text any questions. email, steve@wintermutebiz.com

Condition	Used : An item that has been used previously. The item may have some signs of cosmetic wear, but is fully operational and functions as intended. This item may be a floor model or store return that has been used. See the seller’s listing for full details and description of any imperfections.
Seller Notes	“A Truly Unique Opportunity....could be a family run operation...”