Verified Listing
Posted on October 2, 2019 / 129
Price : R1,600,000
Listing Type : Retail Franchise
Location : Pretoria
Ref. No : 2591
Year Established : 2015
No. of Employees : 11
Trading Hours : 8:30am - 5:30pm
Lease Term : 2020
Turnover : R 686 277
Cost of Sales : R 393 613
Expenses : R 237 364
Net Profit : R 85 533
Stock Value : R 1 100 000

The business is a well-known franchised pawn shop that deals mainly in new merchandise and second hand goods, another source of income comes from secured cash loans. The business is highly profitable and “recession proof “.

The location of this business plays an important role of the marketing as it is situated at corner of busy streets of Pretoria and also the franchise group is a house hold name with good reputation that keeps most of their customers coming back.

Hours of Operation: Monday to Saturday 08:30 – 17:30 & Sunday closed

The current lease ends in April 2020 with an option to renew for another 5 years.

This business has average monthly turnover of R686,277.00 with an average monthly net profit of R 85,533.00

* Mohale Joy Nthuping – LP Pretoria East