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PayMore

Enter and be exposed to multiple explosive growth industries simultaneously.. Consumer Electronics, eCommerce, Pawn, Second Hand Retail all while establishing a "shop local" business involved in your community.

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PayMore

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PayMore Franchise Cost and Requirements for 2024

Background

The consumer electronics industry is exploding before our eyes. Electronics & technology have become a necessity, not a want. From smartphones, tablets, console and computer gaming, to virtual reality and much more - consumers are spending big on the latest tech for their selves, homes, and businesses. Electronics are the new gold. Negotiate with your customers and build your PayMore Store to become a hub for buying, selling, and trading even in the toughest of times.

  • First mover, no model quite like ours.
  • A focus on being a green business - electronic recycling, digital receipts.
  • Custom point of sale system, PayMorePOS is the backbone of our company.
  • Low cost start-up - Get up and running for under $200,000, with no capital equipment needed restaurants.
  • LIGHT FOOTPRINT: Build your location in retail space under 3,000sqft.
  • Everyone is a customer - if you use a smartphone - you can benefit from our services.
  • Our model continually stays on top of the newest trends and technology as they progress, we're always relevant.
  • Our centrally hosted custom software allows us to quickly transition into new profitable areas of buying, selling and trading, and add additional revenue streams.

Company Details

Established: 2011
States Registered In: New York - NY, North Carolina - NC
Canada Franchises: Yes
International Franchises: Yes

Support and Training Offered By PayMore

When you join the PayMore family, you are instantly connected to a wealth of services and support designed to help you succeed as a new or continuing small business owner and entrepreneur. Each store owner receives individualized and ongoing corporate franchisee support for each PayMore location, including access to the PayMore franchise portal. Online franchise portal tools include training documents, workflow charts, and more. In addition, each store owner is in direct contact with PayMore's experienced operations and technical teams, who provide ongoing support.

Support provided to franchisee includes:
  • Real estate / site selection
  • Store build-out, construction
  • Training systems
  • Operational support
  • Access to the PayMore Franchise Portal
  • Custom Point-of-Sale system
  • Marketing & brand building
  • Pre-opening, grand opening support

2024 Franchise Requirements Needed to Own a PayMore Franchise.

What does a PayMore Franchise Cost?

PayMore franchise fees for 2024:

Cash Investment: $100,000
Total Investment: $184,050 - $299,950
Minimum Net Worth: $500,000
Franchise Fee: $30,000
Royalty: The greater of 4% of the Gross Sales or $1,000 per calendar month
Ad: 2% of Gross Sales
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: No
Home-Based: No
B2B: Yes
Master Franchise Opportunities: Yes
Veteran Discount: No

Is PayMore a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. PayMore is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is PayMore a Home Based franchise?

No. PayMore is not a home based franchise opportunity.

What Do PayMore Franchise Owners Make?

Click here to find out how much PayMore franchisees make. PayMore offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is PayMore a Master Franchise Opportunity?

Yes. PayMore is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does PayMore Offer a Veteran Discount?

No. PayMore franchise does not offer a veteran discount.

Does PayMore Work with E2 Visa and EB-5 Visa Candidates?

Yes. PayMore franchise does work with E2 Visa and EB-5 Visa candidates.

Is PayMore Looking for Franchisees in Canada?

Yes. PayMore franchise is looking for Canada franchisees.

Is PayMore Looking for International franchisees?

Yes. PayMore franchise is looking for International franchisees.

Where can I see PayMore's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Computer & Internet, Miscellaneous & Unique, Repair & Restoration, Retail, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

$100,000 - $250,000

Master Franchise

Yes

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

Yes

E2 Visa Franchise

Yes

PayMore Franchises for Sale

Click Here to inquire about existing PayMore franchises for sale. We may have PayMore franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to PayMore

CMIT Solutions, Quality 1st, Simple Computer Repair, Cartridge World, Bitbox ATM, Ctrl V, Surveillance Secure, iCode - Computer Science Education for Kids, Brango Software Solutions, Gigworx

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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