PayMore Stores

Link Facebook Instagram Youtube X-twitter Linkedin
  • Electronics store
  • Automotive
  • Since 2020
  • USA
Get Started
Download Brochure

About Brand

PayMore Stores, established in 2011 and franchising since 2019, is a rapidly growing electronics retailer specializing in buying, selling, trading, and recycling a wide range of electronic devices. With over 70 locations across the United States, Canada, and the United Kingdom, and plans to expand to 150 stores by the end of 2025, PayMore offers customers a secure and convenient way to trade in their electronics for cash. The company emphasizes top-dollar payments, exceptional customer service, comprehensive data security, and environmental responsibility. Utilizing proprietary technology, PayMore ensures fair and competitive pricing for devices, while also providing thorough data wiping to protect customer information. By promoting the reuse and recycling of electronics, PayMore contributes to reducing e-waste and supports sustainable consumption practices.

Why PayMore Stores?

• Fragmented Industry
• High Demand/Growth
• High Margin Product

Our Ideal Franchisee

• Management/Sales Experience
• Committed to Superior Customer Service
• Dedicated to System and Brand (strong cultural fit)

Support & Training Provided

Training and support program details:
• Online training through Moran University, classroom training (1 week) at Moran corporate office in Orland Park, IL and field training (1 week) on-site observing day-to-day activities in Oklahoma City, OK. Very comprehensive training designed to teach new franchisees not just a business system, but a strategy to ramp-up quickly and gain market share.
Cost for Training: $4,000
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
Length of mentoring Franchisee: Ongoing

Investment Details

Franchise Fee: $45,000
Royalties: 7%
Cash Investment: $80,000
Total Investment: $295,510 – $415,400
Net Worth: $350,000
Vet Fran: Yes
SBA approved: Yes
Master Franchise / Area Developer Opportunity: Yes

Founded: 2020
Franchised: 2020

Current Industry Rankings

FranServe’s FRAN-TASTIC BRAND:
2024 Fran-Tastic Brand Award

FranServe’s SUPERHERO BRAND 500:
2023 Superhero Brand 500 Award

FranServe’s FRAN-TASTIC 500:
2022 Fran-Tastic 500 Award

Franchise Dictionary Magazine:
TOP 100 Game Changers for 2022

Available Resales

  • There are currently no resales listed for this franchise.

Background

Year founded: 2020
Year Franchised: 2020
International Referrals: Yes
Home Based: No
Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: Yes
Average number of employees required: 4
E2 Visa Friendly: Yes

Financial Details

Franchise Fee: $45,000-Single Unit $99,000-3 Units $165,000-5 Units
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range:
Single: $295,510 – $415,400 3 Units: $742,530 – $1,020,200 5 Units: $1,171,550 – $1,627,000
Area development: $45,000 Franchise Fee for first unit then $10,000 per each additional unit
Master Territory: $45,000 Franchise Fee for first unit then $10,000 per each additional unit
Net worth requirement: $350,000
Royalty: 7% of Gross Revenue
Additional fees: 1% Creative Advertising Fee
Financial assistance available: No
VetFran program: Yes

CONTACT US

So What’re You Waiting For? Lets Build Together.

Have questions or need guidance? Reach out to us, and our team will contact you shortly.

FRANCHISES

Similar Opportunities

Discover other franchise opportunities that align with your business aspirations

View All Franchises