PayMore
A PayMore store buys new and used consumer electronics from the general public and resells those items through the store, our e-commerce site, auction websites, and wholesale and online sales channels. We serve everyday customers who want to sell phones, tablets, laptops, gaming systems, and other electronics they no longer need. We provide guidance on pricing and resale, along with a structured process for evaluating, purchasing, and tracking inventory. After we purchase an item and any required holding period has passed, it is resold through retail and digital channels to maximize its value. Our business operates as a retail electronics buy-and-resell store with support for inventory management, training, and sales through multiple online marketplaces.
Your franchise match score
Technology
Brand highlights
- CEOStephen R. Preuss
- Headquarters329 North Harrison Avenue, Cary, NC, 27513
- Year founded2020
- Year started franchising2012
- IndustryTechnology
- Locations open4 (+3 last three years)
Statistics & metrics
- Investment range$152,050 - $242,450
- Franchise fee$30,000
- RoyaltyThe greater of 4% of Gross Sales or $1,000 per calendar month (see note 2)
- Brand fund1% of Gross Sales (4)
- Required Liquid CapitalN/A
- Required Net WorthN/A
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2021-04-05
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about PayMore, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Initial Franchise Fee | Learn about the initial franchise fee required to join the PayMore franchise system and what that fee covers. | |
| Other Fees | Understand the ongoing and additional fees associated with owning a PayMore franchise, including royalties, marketing contributions, and other required payments. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a PayMore franchise, including startup costs and working capital estimates. | |
| Territory | Understand how franchise territories are defined, whether they are exclusive, and under what circumstances they may be modified by PayMore. | |
| Financial Performance Representations | Review any financial performance information PayMore provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 4 |
| Franchise locations | 1 |
| Corporate locations | 3 |
System growth over time
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