PayMore Stores, the electronics resale franchise, has signed a multi-unit franchise agreement with Romeo Radulici, Sachin Patel, and Gerry Stewart— seasoned franchise operators with a portfolio that includes Jersey Mike’s, VIO Med Spa, and Sparkle Dog Care. As area developers for Indiana VIO Med Spas, they operate three of the top-performing locations in the U.S., along with numerous Jersey Mike’s and Sparkle Dog Care franchises.
With plans to bring three PayMore locations to Northeast Ohio, the trio is leveraging their expertise in franchising to introduce the innovative brand to Cleveland suburbs.
“PayMore instantly stood out to us as a business with incredible scalability and operational simplicity,” said Radulici. “After years of managing complex operations in the medical aesthetics space, PayMore’s streamlined model and low labor requirements are a breath of fresh air. We’ve built our careers by recognizing strong franchise opportunities, and PayMore is truly one of the best.”
The team emphasized PayMore’s proprietary technology and franchisee-focused support as key drivers of their decision. “The system is built for success,” said Stewart, who has over a decade of experience managing sales and operations. “It’s almost foolproof. As Romeo put it during one of our conversations, ‘You’d have to suck at life to fail at PayMore.’ That level of confidence in a franchise system is rare, and we’re thrilled to have gotten in with PayMore when we did.”
“PayMore’s low barrier to entry, quick buildouts, and strong margins are what initially drew us to the brand,” said Patel, who also has a background in real estate and franchising. “We want PayMore to become a household name in Northeast Ohio. This is a business model that’s perfectly positioned to thrive in today’s market, and we’re excited to make it a cornerstone of our portfolio.” The group plans to blanket the Cleveland area with locations before expanding further into the region.
The trio plans to open their first three locations in key Cleveland suburbs, focusing on areas with dense populations and strong demand for electronics resale and trade. “With PayMore’s innovative approach to technology and e-waste, we see this as more than just a business—it’s an opportunity to make a lasting impact in our community,” said Radulici.
Watch full Youtube video interview with Romeo, Sachin, and Gerry HERE.
Additional Franchise Deals
The Northeast Ohio agreement is part of a wave of seven franchise deals and expansions as PayMore continues to attract experienced entrepreneurs:
- Brian Penar, a former medical sales professional, signed a five-unit deal for Chicago, marking his transition to full-time franchise ownership.
- George Nahra, a seasoned retail strategist with senior roles at Abercrombie & Fitch and Chico’s, signed a three-unit deal for Fort Myers Florida, leveraging his expertise in consumer insights and brand strategy.
- Paul Kushnir, Formerly the largest Sprint dealer in the nation, expanded his agreement to develop an additional seven units.
- Joe and Christy Rivera, seasoned entrepreneurs who scaled their Amazon Delivery Service Partner from five delivery vans to over 60, added two more units in the Chicago MSA.
- Janie Glass, a franchisee for Kentucky and Cincinnati, expanded her agreement for the second time, adding an additional two units to her territory.
These deals bring PayMore’s network to nearly 60 locations open and 500 units in development, underscoring the brand’s appeal to franchisees seeking scalable and simple to run businesses.
“Our franchisees represent some of the most talented operators in the industry,” said Stephen R. Preuss Sr., PayMore CEO. “With their diverse backgrounds and proven success, they’re perfectly positioned to scale PayMore’s innovative model in their markets, fueling the rapid growth and expansion we’re experiencing across the country and internationally.”
PayMore’s growth trajectory is extraordinary, with franchisees rapidly opening new locations. In addition to its expansion, PayMore provides a secure, local destination for individuals to buy, sell, trade, or recycle old electronics for cash. As a technology and data company, PayMore leverages proprietary systems that no other franchise can replicate, setting a new industry standard. The brand’s expansion has attracted franchisees from well-known brands like Little Caesar’s, Papa John’s, Firehouse Subs, Domino’s, uBreakiFix, and Sprint. With some markets already sold out, PayMore is on track to exceed 600 units in development by the end of the year.
PayMore, partnered with franchise development company Fransmart and is actively seeking franchisees for other prime territories nationwide. For more information on becoming a PayMore franchisee, please visit https://fransmart.com/brands/paymore.