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Gwinnett Jewelry Loan Stores Going Up For Sale
GWINNETT - Mall of Georgia area AmeriCash Jewelry Loans and Title Pawn of Buford is going up for sale on Monday. GDO recently learned that Joseph Gammino, owner of the highly successful Mall of Georgia area Americash has recently decided to sell his business and move his family to Florida. MOG AmeriCash is the only wholesale Jeweler in the entire Mall of Georgia area and also the only pawnshop as well. They've been open since January of 2002 and regular customers who frequent the establishment find the news to be a complete surprise. "We're extremely profitable and we consistently experience a steady stream of business and growth" states Mr. Gammino. "It's an ideal business for someone to purchase and I'm already getting some interesting offers" he ads. What makes the business so profitable is the fact that they receive a 25% return on the money they loan out every month. Plus, the loans they make are heavily secured by jewelry worth many times what the customer is borrowing. "A company with a proven steady stream of revenue at such a high guaranteed profit margin is hard to imagine" states Atlanta business broker John Martin. "Typically, when investors are looking for a better rate of return on their money than the usual 5% that lending institution offer, there's considerable risk involved. But MOG AmeriCash has done an excellent job of eliminating most of that risk", Mr. Martin adds. The business model that MOG AmeriCash is offering is labeled "a no brainer" among business brokers. When you take into consideration the stability of the company, weigh it's profitability and then subtract what a lending institution would want for monthly payments on a loan for the sellers asking price - this particular deal offers a considerable excess of funds at the end of each month. For more information, interested individuals can contact Mr. Gammino at (770) 904-3751 |
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