Seasoned Fast Casual Industry Leader Signs 120-Unit Master Deal to Bring PayMore to Every Major City in Canada
NEW YORK (July 9, 2024) – PayMore Stores, the nation’s fastest-growing electronics franchise, has just signed its largest deal to date: a 120-unit master agreement for Canada. This milestone follows the brand’s aggressive global expansion launched earlier this year, which began with a five-unit deal in Toronto and a 60-unit master deal for the U.K. and Ireland. With nearly 500 units in development, PayMore is experiencing rapid growth, solidifying its presence in major international markets.
Leading this deal is a highly experienced group, seasoned veterans of the fast-casual industry both in Canada and internationally. Upon discovering the PayMore brand, they were immediately impressed and recognized its potential to thrive across Canada.
“Our global expansion plan has been incredibly successful, and we are thrilled to bring PayMore to the entire Canadian market, a perfect fit for our second-hand electronics business model,” said Stephen R. Preuss, CEO of PayMore. “I am confident in the expertise of our seasoned franchisees spearheading this expansion. With many of our franchisees coming from extensive backgrounds in food franchising, this move aligns perfectly with our growth strategy, and I am certain they will achieve great success.”
The group is planning to target the greater Toronto market for their first two locations and hope to have them open by the end of 2024.
PayMore operates as a hybrid business, combining an online e-commerce platform with a physical brick-and-mortar store. Their products include smartphones, gaming systems, tablets, cameras, drones, and many other tech gadgets. Through a secure and environmentally friendly approach to buying, selling, and trading electronics, PayMore has become a preferred choice for a diverse range of prospective multi-unit franchisees, such as Little Caesars, Crumbl Cookie, Tim Horton’s, uBreakiFix, Domino’s, Sprint, and Firehouse Sub owners and more, for a variety of reasons. The brand prides themselves on a combination of strong unit economics, their extremely easy operations/build out, and a sustainable business model.
PayMore is actively seeking franchisees for other prime territories nationwide. For more information on becoming a PayMore franchisee, please visit https://fransmart.com/paymore.
