PayMore, the fastest-growing electronics buy, sell, and trade franchise in America, today announced its entrance into Orange County, California with a five-unit deal. With a keen focus on rapid growth, PayMore has closed 16 major deals in 2023 alone with nearly 140 units in development across Texas, New York, Maryland, Michigan, New York, Washington, Arizona, Florida, and now California. PayMore opened eight new stores within the past eight months, bringing its footprint to 16 locations, with 14 additional stores set to open this year.
This new deal, PayMore’s second in the state of California, will create a strong partnership between the brand and franchisees GreenCycle Technology. Comprising a collective expertise of over 35 years in the technology space, GreenCycle Technology brings a wealth of experience in crafting customer-centric solutions through their deep understanding of tech ecosystems and operational frameworks. They were drawn to PayMore’s technologically progressive approach, impressive unit economics, and most notably, the brand’s dedication to electronic sustainability.
A spokesperson from GreenCycle Technology commented, “With years of entrepreneurial experience, having crafted our business from the ground up, we were on the hunt for the next big thing and didn’t want to start from ground zero. While franchising was uncharted territory for us, the transition felt natural, and it was like starting at third base instead of first. Discovering PayMore was like stumbling upon a gold nugget – we are ecstatic to be on the ground floor of a brand that is really about to skyrocket even more than it already has.”
Working in partnership with Fransmart, the leader in franchise development for emerging brands, PayMore enjoyed enormous growth in 2022 and has seen it continue into 2023. PayMore has witnessed a 400% increase in units and is set to surpass 250 units in development by the end of 2023.
PayMore is both an e-commerce and brick and mortar electronics resale shop offering consumers a safe and green way to buy, sell and trade electronics, including late generation smartphones, gaming systems, tablets, and other tech gadgets. With $650 billion worth of unused tech in U.S. homes, PayMore’s success can be seen in the immense potential for growth by offering consumers the ability to safely sell their unwanted electronics or purchase high quality inexpensive devices from a trustworthy source.
Several types of current multi-unit franchisees, including uBreakiFix, Domino’s, GNC and Firehouse Subs owners, are attracted to PayMore to diversify their portfolios and leverage the brand’s business advantages, which include:
- A combination of strong unit economics, low start-up costs, and low operating costs.
- The ability to capture customers in all stages of the buying cycle by giving them the option to trade in older models, shop for new releases, or purchase a lightly used upgrade.
- A sustainable business model that thrives in all economic conditions.
- No brick-and-mortar competitors in the buy & sell electronics space.
- A global e-commerce network that produces multiple revenue streams for owners
The company was recently named to Franchise Dictionary Magazine top 100 Game Changers, an award which recognizes brands that impact veterans, serve their community, create an opportunity for aspiring entrepreneurs, fill a niche, and are favored by the millennial audience.
PayMore is actively seeking franchisees for other prime territories nationwide. For more information on becoming a PayMore franchisee, please visit https://fransmart.com/paymore.