Own a PayMore Electronics Franchise
Read the full article on PayMore franchisee Dan Lowe at Franchise Times. After Domino’s and Firehouse, Franchisee Makes Switch to Retail With PayMore
The PayMore Electronics Franchise Investment
FRANCHISE FEE
$35,000
MULTI-UNIT DEVELOPMENT FEE
100% of the initial franchise fee for first 3 stores + deposit of 50% of the initial franchise fee for each additional store
ROYALTIES
The greater of 5% of the Gross Sales or $1,000 per calendar month
WORLDWIDE CREATIVE FUND
LOCAL STORE MARKETING
TECHNOLOGY FEE
1% of Gross Sales
START UP COSTS (MULTI-UNIT)
$239,250 – $362,500
PayMore Founders: Our Target Franchisee
We’re looking for dynamic, driven and tech-savvy entrepreneurs to join our team, with the passion + resources to purchase multi-unit development opportunities. Here are a few things you can expect:
- Deliver an important service to your community
- Provide a superior product to your customers
- Receive ongoing corporate support from the PayMore team
- Get access our custom engineered sales and automation tools
- Collective buying and selling opportunities
Are you the next savvy entrepreneur to become a PayMore franchisee?
PayMore Electronics Franchise Advantages
Customer Ecosystem
We offer customer trade credit on gently used devices to promote e-waste recycling, the highest cash trade-in values on the market, strong data privacy protections, and extended warranties for used electronics sales.
Quality of Life
With a 70% online business model, franchisees can generate revenue while they sleep. Store hours are typically 10 A.m. – 7 P.m. on weekdays, 10 A.m. – 4 p.m. on Saturdays, and closed on Sundays.
Recession-Resistant
Proprietary Tech
Green Business
The Market
Stephen R. Preuss
Erik Helgesen
Our Story
Our mission is to repurpose electronics and recirculate them back into the marketplace, helping to reduce the country’s e-waste footprint. In 2011, PayMore Stores was founded in Massapequa, NY. This small Long Island community was looking to solve a problem — old and broken electronics were piling up in landfills, causing an environmental mess.
The first location received strong local support in Massapequa, NY for its environmentally friendly trade-in service and high volumes in trade-ins. From there, PayMore became a highly valued member of the community, serving as a local electronics hub with highly knowledgeable staff.
To help meet demand for the brand’s green-friendly concept, President Erik Helgesen and CEO Stephen Preuss launched franchise opportunities nationwide. The company’s franchise opportunities offer electronic savvy entrepreneurs an exciting opportunity to own their own business. Their foundation is based on hands-on training and one-on-one corporate leadership support.
Starting with one small brick and mortar storefront, PayMore Stores has grown to the highest grossing secondhand electronics dealer in Long Island, serving more than 30,000 customers. Its success was featured recently in Entrepreneur Magazine. Today, PayMore Stores has several open locations operating in major U.S. markets, and many more in development. Will you be next in joining our community of collaborative entrepreneurs and small business owners?
Become a PayMore Franchisee in 30 days
STEP 1
Submit an Inquiry Form (Today)
STEP 2
STEP 3
STEP 4
Review Application with Franchise Development Director (3 days)
STEP 5
Review Franchise Disclosure Document (FDD) with Franchise Development Director (5 days)
STEP 6
STEP 7
STEP 8
Become a PayMore Electronics Franchise Owner (30 days)
Franchise Requirements
Operational experience in business is a plus, but not required assuming a professional Director of Operations will be part of your team. Prospective Franchisees must meet the minimum requirements below to be considered for a PayMore franchise.
- $500k net worth*
- $100K liquid capital available for investment*
- Ready to begin development within the next 3-6 months
- Ready to grow a multi-unit territory in a major U.S. area
*Investment partners may contribute to this requirement
Franchise Support
When you join the PayMore Stores family, you are supported by services and training opportunities designed to help you succeed as a new or continuing small business owner and entrepreneur. Each store owner receives individualized and ongoing corporate franchisee support, including access to the PayMore Stores franchise portal. Online tools include training, marketing, and workflow charts. In addition, each store owner is supported by our experienced corporate operations and technical teams who provide ongoing day-to-day operational assistance. Franchisee support includes:
- Real estate / site selection
- Store build-out, construction
- Training systems
- Operational support
- PayMore Franchise Portal
- Custom point-of-sale system
- Marketing and branding
- Pre-opening and grand opening support
- On-going support from corporate specialists who have years of in-store operations and electronics experience.
Ready to become a successful franchisee?
*The information contained on this website is not an offer to sell or the solicitation of an offer to buy a franchise. The franchise information contained herein is not directed to the residents of any particular jurisdiction. The offer of a franchise can only be made through the delivery of a franchise disclosure document. Certain states require that we register the franchise disclosure document in those states. We will not offer or sell franchises in those states until we have registered to do so (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.
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