Established
2011
Franchise Units
50
Minimum Investment
$350,000
Franchise Fee
$49,500
Total Investment Range
$500,000
Home Based
No
Description
PayMore Stores has established itself as a fast-growing leader in the electronics buy-sell-trade space by transforming how consumers resell and purchase pre-owned devices. The brand operates on a simple yet highly profitable concept: customers bring in used electronics, receive an instant offer after on-the-spot testing, and get paid the same day. These devices are then resold through a clean, modern retail environment designed to build trust and repeat business.
Unlike pawn shops or informal resale platforms, PayMore Stores delivers a professional, transparent, and customer-focused experience. Stores are bright, technology-driven, and positioned as mainstream retail destinations rather than secondary resale outlets. This approach has allowed the brand to attract a broad customer base, from budget-conscious buyers to tech-savvy consumers seeking certified pre-owned devices at better value.
As the recommerce economy continues to expand, PayMore Stores benefits from powerful industry tailwinds such as frequent device upgrades, sustainability awareness, and increasing demand for affordable electronics. For franchise investors, this translates into a scalable retail model with strong margins, multiple revenue streams, and year-round demand across U.S. markets.
Why Invest in This Franchise?
PayMore Stores offers a compelling investment opportunity within a recession-resilient retail category.
Key reasons investors choose PayMore Stores include:
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Strong demand driven by constant consumer electronics upgrades
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Dual revenue model that combines direct buying and retail resale
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Non-seasonal business with consistent foot traffic year-round
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High-margin inventory supported by real-time pricing systems
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Clear brand differentiation through transparency and store design
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Scalable framework suitable for single-unit and multi-unit ownership
Background
Established Year: 2011
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Founders: Stephen R. Preuss and Erik Helgesen
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Industry Category: Electronics Retail / Recommerce / Buy-Sell-Trade
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Franchise Active Units: 50+ locations across the USA
PayMore Stores was created to modernize the electronics resale experience. The founders identified a gap in the market for a transparent, technology-driven alternative to traditional resale options. By investing in proprietary testing software, standardized pricing tools, and a strong retail brand identity, the concept quickly gained traction.
After refining the model through corporate locations, the company expanded through franchising, allowing entrepreneurs to replicate a proven system backed by centralized technology and operational support. Today, PayMore Stores continues to grow across major and emerging U.S. markets, with a focus on long-term franchisee profitability and sustainable expansion.
Support Training
PayMore Stores delivers comprehensive support across every stage of franchise ownership.
Pre-Launch Support
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Site selection and territory evaluation
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Store design standards and build-out guidance
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Pre-opening marketing and launch planning
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Initial inventory strategy and pricing setup
Initial Training
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In-depth operational training covering buying, testing, and resale procedures
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Hands-on instruction with POS systems and testing technology
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Education on inventory management, margin control, and loss prevention
Ongoing Operational Support
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Dedicated franchise business consultants
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Regular performance reviews and coaching
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Continuous system updates and process improvements
Marketing & Brand Support
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National brand awareness initiatives
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Local marketing toolkits and digital advertising guidance
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Reputation management and customer engagement strategies
This structured support enables franchisees to operate confidently, even without prior experience in electronics or resale retail.
Ideal Candidate
The PayMore Stores franchise is well-suited for entrepreneurs seeking a hands-on retail business with growth potential.
Ideal candidates typically have:
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An entrepreneurial mindset and strong operational discipline
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Interest in retail management, customer service, and local marketing
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Ability to manage staff, inventory, and daily transactions
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Financial capacity to meet investment and working capital requirements
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Desire to build a scalable business with multi-unit expansion potential
Prior electronics experience is not required. Franchisees who thrive in fast-paced retail environments and enjoy data-driven decision-making tend to perform especially well. Strong territories include densely populated suburban and urban retail corridors.
Financial Detail
| Financial Component | Estimated Range (USD) |
|---|---|
| Total Investment Required | $350,000 – $500,000 |
| Minimum Investment Required | $350,000 |
| Franchise Fee | $49,500 |
| Store Build-Out & Infrastructure | $150,000 – $200,000 |
| Initial Inventory | $75,000 – $100,000 |
| Technology & Systems | $15,000 – $25,000 |
| Marketing & Grand Opening | $15,000 – $25,000 |
| Working Capital | $50,000 – $75,000 |
| Ongoing Royalty Fee | 6% of gross sales |
| National Marketing Fund | 2% of gross sales |
| Expected ROI | Varies by market |
| Estimated Break-Even Period | 18 – 30 months |
| Primary Revenue Streams | Retail resale & trade-ins |