About the Shop
These two stores Quik Pawn and Quik Cash, (one price) are located in Creston, Iowa.
This pawn shop was opened in 2000. I moved the store to a new 6000 sq ft building in 2004. The pawn & payday stores occupy 3750 sq ft plus a 1400 sq ft storage building. There are two other store fronts in this strip that I lease out. There is also a drive-up coffee kiosk in the parking lot. The location is on state highway 34, which has great visibility, the Iowa DOT estimates 9,100 cars pass by each day.
There is approximately $300,000(retail) in inventory which of coarse, changes daily. We have around $70,000 in fixtures, office equipment and supplies. The pawn shop on average has $35,000 loaned per month plus interest (we charge 28%), plus retail sales. The payday loan business loans $6,000-$9,000 per week with varying interest rates between 10-15%.
I run both of these businesses with myself & one full time employee. I also have a partime person that comes when needed. This is NOT your typical dark, dingy pawn shop, we are VERY clean, organized and well respected in the community. We have a WIDE variety of inventory & loyal customers. This is a turn key operation, I will stay on for a few weeks to help you with the transition.
Now, a quick note as to why I wish to sell; my wife has already retired & now I feel its my turn. We have plans to travel and enjoy ourselfs now that our kids are grown. If you're wanting to get out of the big city rat race, this is a great safe place to raise your family with good schools, community college, hospital, shopping and housing. The quality of life here is awesome; no pollution, great camping, hunting & fishing, knowing all your neighbors.
Southwest Iowa Balloon Days
We are located in southern Iowa, about an hour southwest of Des Moines. Our population is around 9000, but our daily trade population is around 40,000, (these figures are from our chamber of commerce, 641-782-7021). Creston is a regional trade center with a Social Security office and Job Service office & the county seat. We have six factories employing several hundred people each. For more information please visit the Creston Chamber of Commerce page at www.crestoniowachamber.com.
I must sound like a commercial, but we moved here in 1982 and have loved it ever since. The best way to make this kind of decision is to come and check it out for yourself. I promise, if you come to look in person, you will be impressed! Please feel free to give me a call or an email, I can answer any questions you have.
THANKS for your interest. - Steven Wintermute
101 West Taylor st
Creston, Iowa 50801
641-782-7273 work (9am-5:30pm)
641-340-3206 cell (8am-10pm)