We present to you Project Golden Pledge, a multi-store pawn shop that owns five highly coveted City of Chicago and State of Illinois transferable pawn shop licenses, based in optimal neighborhoods with FYE 2012 revenue of $4.5 million, 2012 FYE EBITDA of $1.5 million and FYE 2012 loan balances exceeding $1 million.
A 30-year-old needs-based business with outstanding brand recognition, 80% of Golden Pledge’s business is from repeat customers, creating 2012 gross margin of 73% on 53,000 loans.
Steady Cash Stream
2012 Gross Margin of 73% exceeding national publicly traded industry peers
Customers’ needs drive business in demographically desirable locations
Frequent borrowers, high redemption rate
Average annual pawn loan and service charge of 97%
Average existing store size of 5,312 sq. ft.
High Barriers to Entry
Competition constrained by:
Lengthy, complicated, unpredictable new licensing process
4 well-established stores in accessible, stable neighborhoods and strong brand recognition draws frequent customer visits.
Golden Pledge strong team:
12.8-year average tenure of highly committed store management
8.5-year average tenured loan officer, with strong neighborhood relationships and pawn lending expertise
Fragmented Industry Portends Growth
5th licensed pawn store with 15,000 square feet in development
Diversified risk across high volume of small loans (average loan size of $115)
U.S. pawn industry growth of 8% reached $15 billion in 2012; growth expected to continue.



















