With a prime bayside location, Ezicash is a thriving and highly profitable retail and pawnbroking business for sale which offers a very profitable opportunity. It has a high-exposure location on a busy main road with thousands of passing vehicles daily. It is conveniently located close to a train station and has plenty of parking for customers.
Established 25 years ago and with excellent systems in place, this business has high gross profits per annum earning income from a variety of streams - loans, loan interest, bullion trading as well as retail sales. Retail sales are through their retail premises, as well as online through eBay.
Currently operating Monday to Saturday, the business is run under management with 2 full-time and 1 part-time staff. However, it could easily be run by only 2 people. Staff are knowledgeable and experienced and the manager is willing to stay on for a negotiable period (up to 9 months) to help with the transition and to train the new owner.
The new owner would need to have a current Endorsed Pawnbrokers and Second-Hand Dealers Licence. No formal training is required for this, only a need to know the applicable laws and regulations.
Established in 1999, this is an easy business to run. It has been run under management since 2009 and the current manager is happy to train the new owner, who can choose to retain the staff or run the business themselves.
There is a lease of 3x3 which commenced in October 2021 with rent of $85,000 per annum.
This business is only up for sale due to the current owner's wish to retire.
This is well worth an inspection.
For more information and to arrange an inspection, contact Chris Panagiotidis on 0433 582 533 or Elle Likopoulos on 03 9566 7300.