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Multi-unit Elevation Burger franchisee Chris Phillips is diversifying his portfolio by signing an area development agreement with PayMore that will expand that brand into the Philadelphia market.
Phillips, who has been in the restaurant franchise space for 10 years, said he is excited to bring the buy, sell, trade electronics stores to his market. “After considering the current environment of employee hiring and supply chain issues due to the Covid-19 pandemic, I decided to diversify my portfolio beyond restaurants,” he said.
“What excites me about PayMore is just like everyone needs to eat, everyone also needs electronics in the age we live in. PayMore's proprietary system makes buying and selling electronics to the public simple. Not everyone needs a brand new shiny electronic toy – there's immense potential in the resale market,” Phillips added.
PayMore CEO Stephen Preuss said, “We are thrilled to award this multi-unit territory in Philadelphia to Chris and his team, as he exhibits all the characteristics we are looking for in an area developer. Chris will be an integral part of our Northeast build-out.”