This year has brought fast growth for PayMore Stores, the industry leader in the new and used electronics market. The East Coast retailer is expanding across the country with recent deals inked in Wisconsin and Austin, Texas, and unit expansion in New York and North Carolina. By Nancy E. Williams
This year has brought fast growth for PayMore Stores, the industry leader in the new and used electronics market. The East Coast retailer is expanding across the country with recent deals inked in Wisconsin and Austin, Texas, and unit expansion in New York and North Carolina.
With its low startup and operating costs and strong unit economics (gross sales of $2.3 million and franchisee adjusted operating income of $272,602), the brand is attracting multi-unit operators from competitors such as UbreakIfix, and owners looking to diversify their franchise business with a noncompeting, highly profitable concept.
Multiple revenue streams are important to potential franchise owners, and PayMore Stores provides just that. A franchisee can expect to form a large customer base with people near and far, as consumers have the opportunity to visit their brick-and-mortar location as well as their e-commerce Mega Store. Those who frequent PayMore leave rave reviews and often return multiple times. The brand’s employees are known for being well-versed in the trends of the technology market, helping customers purchase used electronics, sell electronics for cash, trade in old electronics, and recycle obsolete devices with ease. Every electronic device sold to a PayMore Store is professionally wiped of all personal data on the spot, free of charge, so customers leave the store comfortable, confident, and a little richer.
And just what type of candidate makes for a great PayMore owner? Passionate, dynamic, and driven tech-savvy entrepreneurs with business acumen and resources to develop multiple units. Community involvement is also a key factor in success.
This recession-proof business is environmentally friendly and offers ongoing support. Franchisees receive comprehensive training, have access to proprietary point- of-sale technology and utilize an innovative franchise portal that provides further guidance and education.
Nancy E. Williams