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FRANCHISE RESALES

Buy a Paymore Franchise

PayMore is an electronics resale franchise built around buying, selling and trading used devices such as smartphones, laptops, tablets and gaming systems. The brand traces its roots to 2011 in Massapequa, New York, opened its first neighbourhood store in 2012 and began franchising in 2020. Stores serve everyday consumers turning unused tech into cash or buying quality pre-owned electronics at a lower price.

The model pairs a physical storefront with a substantial e-commerce operation: roughly 70% of sales run online, so a location can generate revenue beyond store hours. Units are deliberately lean, occupying compact retail space, carrying minimal fixtures and running on small teams of a few staff per shift. The proprietary PayMorePOS system handles pricing, inventory and the buy-sell-trade workflow.

Franchise development is led by Fransmart. The network has grown past 100 open locations with several hundred more in development across the US, Canada and additional international markets, and has drawn a notable share of experienced multi-unit operators from established restaurant and retail brands.

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Why buy a Paymore Franchise?

PayMore sits in a growing, recession-resistant corner of retail: consumers always have older devices to sell and a steady appetite for affordable pre-owned tech. For an owner, the appeal is a lean operation, compact space, low staffing and a high share of online revenue, producing multiple income streams across in-store sales, e-commerce and recycling without the supply-chain dependence of food or inventory-led concepts.

The brand has attracted multi-unit operators from names like Firehouse Subs, Domino’s, Papa John’s, Crumbl Cookies and Dave’s Hot Chicken, drawn by manageable hours, closed Sundays, and a model designed to scale. The PayMorePOS platform and Fransmart-led development support give buyers an operating system and a recognised buy-sell-trade brand rather than an independent start-up.

Paymore Franchise Costs & Information

Based on 2024 data reported in the 2025 FDD

  • Brand Profile

    • Year Founded

      2011

    • Franchising Since

      2020

    • New Startup Cost

      $131,750 – $256,500

    • Avg. Resale Price

      Contact us for details

  • Franchise Fees

    • Initial franchise Fee

      $35,000

      for new territories

    • Transfer Fee

      $10,000

    • Royalty Fee

      5%

      of Gross Sales or $1,000/mo minimum

    • Marketing Fee

      1%

      of Gross Revenue

  • Unit Performance

    • Total Units *

      58

    • New Units Opened *

      38

    • Units Transferred *

      0

    • Avg. Unit revenue *

      $1,219,300

    * Based on 2024 data reported in the 2025 FDD

Paymore – Additional  Information

  1. Training & Support

    Franchisees get ongoing support from PayMore's operations and technical teams, plus access to the PayMore Franchise Portal, which holds training documents, workflow charts and operating resources. The proprietary, centrally hosted PayMorePOS system runs pricing, inventory and the buy-sell-trade workflow, and the franchisor provides continuing marketing and brand-building support. Because the model needs no electronics background, systems and training carry the operational load. Buyers of an existing PayMore unit should confirm what onboarding and PayMorePOS access transfers to incoming owners and any new staff when ownership changes.

  2. Ideal Owner

    PayMore suits hands-on, growth-minded operators rather than passive investors; the franchisor expects owners involved in day-to-day operations, not semi-absentee. Electronics or tech experience is not required, since proprietary software and training carry the technical side; leadership, business acumen and the drive to scale matter more. The model has attracted experienced multi-unit franchisees and operators used to managing teams, and it rewards owners comfortable building a local customer base, managing a small staff and coordinating both in-store and online sales.

  3. Recognition & Awards

    PayMore was named a 2025 Fran-Tastic Brand by FranServe, recognition reflecting its franchise system and rapid expansion. The brand's momentum is itself a credibility signal: it has passed 100 open locations and more than 100 signed franchise deals, with development led by Fransmart, a well-known franchise developer. PayMore also appears in industry franchise directories within the consumer-electronics and resale category. For resale buyers, brand-level recognition should be weighed alongside the specific territory's reputation, including local reviews, online ratings and community visibility.

  4. Industry / Market

    PayMore operates in the US electronics resale, or recommerce, market, fuelled by demand for affordable pre-owned devices and growing concern over electronic waste. Industry estimates put more than $1.2 trillion of unused tech sitting idle in US homes, with most adults holding devices they could trade in. Recommerce has expanded as shoppers seek value and trade-in options for phones, laptops and gaming gear. The category tends to hold up across economic cycles, as tighter budgets push consumers toward both selling old tech for cash and buying used.

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This page is part of Franchise Flippers’ independent franchise Index, designed as an educational resource to help potential buyers explore the franchise resale market and compare brands.

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