PayMore Franchising Nationally with Fransmart
The fastest growing buy, sell, and trade electronics retailer aimed at the top 40 media markets in U.S.
November 18, 2020 // Franchising.com // MASSAPEQUA, NEW YORK - PayMore, the industry leader in the buy, sell, and trade market for electronics has partnered with Fransmart, the industry-leading franchise development company behind the explosive growth of brands like The Halal Guys, Five Guys Burgers and Fries, and Qdoba Mexican Grill, as its exclusive franchise development partner to grow the brand. With existing PayMore locations thriving in urban and suburban trade areas of the New York City metro area, as well as Raleigh, Durham and Charlotte, North Carolina, the concept is looking for tech-savvy entrepreneurs to develop franchise territories in the top 50 major media markets across the U.S.
“We have so much demand from prospective franchisees with big visions to build big franchises they can scale and sell, but don’t want to be in food service. With wide open territories and PayMore’s proven model yielding an Item 19 with $2.3 million in gross sales and adjusted franchisee profit of $272,602*, PayMore is perfect for anyone looking to get wealthy in tech and gaming,” said CEO of Fransmart, Dan Rowe.
Founded in 2011, PayMore Stores is a fast-growing local brick and mortar franchise in a unique industry that combines e-commerce with electronics sales and trade-ins. Each PayMore location receives strong support for its upscale spin on retail resale and clean stores filled with high quality merchandise. From smartphones to gaming systems and computers to tech gadgets, electronics sales is one of the hottest markets in the world. The business concept provides high customer retention rates, growing margins, and low overhead.
“We believe that we are and will continue to set the pace as the industry leader in the buy, sell and trade market for electronics. In turn, we wanted to align ourselves with the top firm in franchise development and Fransmart was the obvious choice,” said CEO of PayMore, Stephen Preuss. “We see PayMore stores in most major metropolitan areas and established communities. We know that our business service lines are not only highly needed in every community, but essential for the infinitely growing new, used and broken electronics marketplace.”
In addition to offering a place to buy, sell and trade electronics safely in communities across the country, the company’s franchise opportunities offer electronic savvy entrepreneurs an exciting opportunity to own their own business with a strong foundation based on hands-on training and one-on-one corporate leadership support.
*as per Item 19 of the PayMore 2020 FDD
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