FRANCHISE RESALES

Buy a Paymore Franchise

PayMore is an innovative electronics resale franchise specializing in buying, selling, and trading used devices such as smartphones, laptops, gaming systems, and more. Founded in 2011 in Massapequa, New York, PayMore has rapidly expanded with over 75 open locations and nearly 600 units in development across the U.S., Canada, and the U.K. Its unique business model is approximately 70% online, enabling franchisees to operate with limited hours (typically 10 a.m. to 7 p.m. weekdays and shorter Saturday hours, closed Sundays), low staffing needs (3-5 employees), and minimal physical infrastructure—only cabinets and counters are required. This streamlined approach offers exceptional unit economics and scalability, attracting franchisees from major restaurant and retail brands.

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Why buy a Paymore Franchise?

Investing in PayMore offers a low-cost, easy-to-operate franchise with outstanding unit economics and a strong quality-of-life proposition. The brand’s unique buy-sell-trade model, extensive online presence, and minimal physical infrastructure reduce operational complexity and costs. With substantial growth opportunities, comprehensive franchisor support, and a proven concept attracting seasoned franchisees, PayMore presents a compelling opportunity in the fast-growing electronics resale industry.

Paymore Franchise Costs & Information

  • Minimum Qualifications

    • Initial Franchise Fee

      $35,000

    • Initial Investment

      $139,250 - $266,500

  • Royalty

    • Royalty Fee

      5%+

  • Training & Support

    • 31 hours on the job training

    • 29 hours classroom training

    • Ongoing support

    • Marketing support

Paymore – Additional  Information

  1. Franchisee Support

    PayMore provides comprehensive support including initial and ongoing training, real estate and site selection assistance, store build-out guidance, proprietary POS technology, marketing and branding support, and operational coaching. Franchisees benefit from a collaborative network, a proprietary pricing system, and 24/7 support. The franchisor emphasizes quality of life with manageable hours and the ability to generate revenue even when stores are closed.

  2. Accolades & Awards

    PayMore’s rapid growth, strong unit economics, and appeal to experienced multi-unit operators from brands like Firehouse Subs, Domino’s, and Papa John’s underscore its industry credibility and success.

  3. Industry / Market

    The resale electronics market is booming, driven by increasing consumer demand for affordable, high-quality used devices and sustainability concerns. PayMore taps into the $1.2 trillion worth of unused tech in homes, offering a green alternative to electronic waste. The franchise’s predominantly online model and expanding footprint position it well for continued growth in a large, evolving market.

  4. Ideal Owner

    The ideal PayMore franchisee has a net worth of at least $500,000 and $250,000 in liquid capital, with a commitment to multi-unit development (minimum 7 units). Operational experience is a plus but not mandatory if supported by a professional Director of Operations. Owners should value a balanced lifestyle, scalable growth, and leveraging technology-driven retail.

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