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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.

MBBI Member
Asking Price
Gross Revenue
Cash Flow
Is this a franchise?
Year Established
Reason for Selling
Owner wishes to retire
Real Estate Included?
Real Estate Value
Equipment Value
Inventory Value
FF&E (Furniture, Fixtures & Equipment)
Guy Lenardo