Issue link: http://deals.uberflip.com/i/1323418
Large & Established Pawnbroking Business Product Sales, Trades, and Loans Canada Region British Columbia 2021 Est. Revenue $3,410,000 2021 Est. EBTIDA $1,042,000 The Company operates a long-established pawnbroking business in British Columbia. Customers frequent the store to get loans for quick cash, bring in items for sale, shop for a variety of goods, and trade in jewelry and other valuables for something new. Items for sale include jewelry, tools, electronics, sporting goods, musical instruments, and art. The Company attributes its multi-decade success to its friendly staff and pleasant store environment; extensive used jewelry selection; low prices and superior warranties; well-trained and long-tenured sales personnel; and on-staff goldsmiths. In addition, the Company lends more on collateral, while charging less than other pawnshops. Boasting 65 years in business, the store is a highly recognizable brand name in its market area. It is also very profitable, generating 30+% EBITDA margins. Investment Considerations: Superior Reputation and Dominant Market Share: This family business spans multiple generations and over six decades in operation. As one of Canada's largest independently owned, single-location pawn stores, it enjoys high name recognition and an outstanding reputation. Sizeable Facility: The Company occupies an entire two-story building comprised of 15,000 square feet. It has operated in the same location for several decades. The facility is owned by a related entity and is available for sale or long-term lease in connection with a sale of the business. Long-Tenured Employees: The general manager and three department (office, sales, loans) managers have been employed by the Company for 15 to 30 years each and the non-management employees have averaged 8 to 10 years of service each. Reviewed Financial Statements: The financials of this highly profitable business are reviewed annually by an independent practitioner in accordance with Canadian generally accepted standards for review engagements. Ted Rattenberry, Generational Equity Sr. M&A Advisor P r e s i d e n t , B u s n e x B u s i n e s s E x c h a n g e L t d . (604) 669-2849 | trattenberry@generational.com Client #63509 - NDA Link: NDA_63509 DISCLAIMER: All information contained in this document has been provided by the subject company to Generational Equity and while believed to be correct has not been verified. Accordingly, Generational Equity makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that Generational Equity shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Generational Equity of this document. At all times Generational Equity and its affiliate network members is an agent for the seller and not for the buyer. Generational Equity's fees are paid by the seller.