About the Brand
PayMore is redefining the electronics industry with a simple, profitable concept — buy, sell, and trade technology in a sleek, modern retail environment supported by 24/7 online sales. Customers get instant cash for used devices, while franchisees build recurring revenue through both local and e-commerce channels.
Founded by tech entrepreneurs Erik Helgesen and Stephen Preuss, PayMore began in Long Island, NY, in 2011 and now operates 100+ stores with nearly 600 more in development across the U.S., U.K., and Canada. Backed by proprietary software and lean operations, the PayMore franchise gives investors a turnkey retail model that practically runs itself.
Why Choose PayMore
- $1.2 Trillion in Unused Tech — Americans own over $2,000 worth of idle electronics per household.
- Explosive Market Growth — The global resale electronics market is projected to reach $322B by 2032 (GMI).
- Strong Unit Economics — Average annual gross sales exceed $1.2M, with top stores surpassing $1.7M.
- Simple Retail Operations — No kitchens, no perishables, no complex logistics.
- Eco-Friendly Business — Each store keeps thousands of devices out of landfills every year.
The PayMore franchise thrives where other models struggle — low labor, minimal risk, and steady consumer demand for affordable, sustainable tech.
Operating Model
Franchisees manage a hybrid business — 70% online and 30% in-store — powered by proprietary tools like PayMorePOS and PayStation. These systems automate pricing, customer tracking, and inventory management, allowing stores to trade devices locally and ship nationally.
Each retail unit runs efficiently with 3-4 employees, flexible hours, and inventory generated directly from customer trades. No supply chain delays, no warehouse dependencies — your stock walks through the door.
Training & Support
PayMore’s franchise team delivers comprehensive onboarding and continuous operational support, including:
- Training on proprietary technology and POS systems
- Marketing guidance and social media campaigns
- Store setup, design, and launch assistance
- Real-time support and performance dashboards
- National PR, advertising, and creative fund management
Multi-unit franchisees receive dedicated business coaching and scaling strategies to accelerate territory growth.
Investment and Fees
| 💰 Item | Amount / Range | Description |
|---|---|---|
| Initial Franchise Fee | $35,000 | Grants rights to operate under the PayMore brand |
| Total Initial Investment | $131,750 – $361,500 | Includes build-out, equipment, inventory, and working capital |
| Royalty Fee | 5% of gross sales | Ongoing operational support |
| Marketing Fund | 1% of gross sales | National advertising and creative initiatives |
| Local Marketing | 2% of gross sales | Community-level promotion |
| Technology Fee | 1% of gross sales | Software licensing and updates |
| Required Liquid Capital | $250,000 | Minimum available cash |
| Minimum Net Worth | $500,000 | For single or multi-unit ownership |
The PayMore franchise cost offers a rare combination: low entry barrier, strong profitability, and national scalability.
Ideal Franchisee
PayMore attracts seasoned operators and multi-unit owners from leading brands like Domino’s, Little Caesars, and Crumbl Cookies. You don’t need tech experience — just business acumen, leadership, and a drive to scale.
Join the Resale Revolution
Owning a PayMore franchise means joining one of the fastest-growing retail concepts in North America — a brand that blends sustainability, innovation, and proven profitability.
PayMore Franchise Info: https://fransmart.com/brand/paymore/
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Starting investments from:$131,750
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Company type:Retail outlet
- Year company was founded:2011
- Corporate address:1908 86th St, Brooklyn, New York, 11214, USA