• Thu. Sep 22nd, 2022

PayMore shakes up the franchise industry with record year of growth

ByStephanie M. Akbar

Aug 24, 2022

PayMore, buy, sell and trade new and used electronic devices

PayMore stores offer a bright, welcoming and spacious retail experience.

PayMore stores offer a bright, welcoming and spacious retail experience.

Nation’s leading buy-sell electronics retailer attracts former restaurant and multi-unit franchisees

PayMore’s strong numbers and ease of use are why it’s one of the hottest franchises of the year. »

— Dan Rowe, CEO, Fransmart

NEW YORK, NEW YORK, USA, August 24, 2022 /EINPresswire.com/ — With the restaurant industry still grappling with labor and supply chain issues, and inflation pushing consumers to cut spending, pay morethe leading buy-to-sell electronics retailer is one of the most attractive franchises for 2022, as evidenced by the brand’s record year of growth.

Experienced restaurant franchisees and multi-unit operators looking to diversify their portfolios are flocking to PayMore. With the brand’s low start-up costs, small store footprint and strong unit economics, it’s a solid investment today and for the future.

Work in partnership with Fransmart, a leader in franchise development for emerging brands, PayMore experienced its biggest year of growth in company history in 2022. PayMore closed 2021 with four stores and five in development. Today, PayMore has four locations, with six more due to open by the end of the year and 12 in development nationwide. PayMore will end 2022 with stores in the Northeast, South, Midwest and Southwest.

“PayMore’s strong numbers and ease of operation are why it’s one of the most popular franchises of the year,” said Fransmart CEO Dan Rowe.

To help manage the company’s continued growth, PayMore recently hired Matt Dybing as Chief Financial Officer. Dybing is an experienced CPA who works with fast-growing brands to provide in-depth financial analysis to help the company grow profits and leverage cash flow to grow exponentially.

Founded in 2011, PayMore is the fast-growing local brick-and-mortar franchise in a unique industry that combines e-commerce with electronics sales and trading. From smartphones and gaming systems to computers and tech gadgets, electronics sales is one of the hottest markets with high customer retention rates, growing margins and low overhead. Each PayMore location receives dedicated support for its premium spin on retail resale, delivering clean stores filled with high-quality merchandise.

Some key benefits of owning a PayMore franchise include:
• Strong unit economy. Gross sales of $1,551,001 for the franchise operated PayMore store
• Low start-up costs; Low operating costs
• Multiple income streams
• Model that thrives in different economic conditions
• Environmentally conscious company
• Industry leading point of sale
• Solid support

Beyond its unique and integrated proprietary inventory platform, the brand continues to disrupt the retail industry with its commitment to technology and innovation. PayMore was recently named one of FranServe’s 2022 FRAN-TASTIC 500 Brands. This award recognizes brands that go beyond the norm by helping people realize their dreams of business ownership through franchising.

PayMore is actively seeking franchisees for major territories. For more information on becoming a PayMore franchisee, please visit https://fransmart.com/paymore

  
About PayMore:
PayMore is the fastest, easiest and safest way for people to buy, sell and trade electronic devices in their community. What started as a small storefront on Long Island quickly became the fastest growing electronics startup in the country. For consumers, PayMore has legitimized the old “pawn shop” concept into a safe, clean and engaging retail experience. For more information, visit https://fransmart.com/paymore/

  
About Fransmart:
Fransmart is the global leader in franchise development, selling over 5,000 franchises worldwide and transforming emerging restaurant concepts into national and global brands for 20 years. Company founder Dan Rowe identified and developed brands such as Five Guys Burgers & Fries, QDOBA Mexican Grill and The Halal Guys from 1-5 unit businesses to the powerhouse chains they are today . Current and past brands in Fransmart’s franchise development portfolio have opened thousands of restaurants around the world. Fransmart and its partner brands are committed to the growth of franchise development. Follow Fransmart on Facebook, LinkedIn, Instagram, Twitter and YouTube. For more information, visit www.fransmart.com.

*By PayMore FDD

Dena Roche
Fransmart
+1 6028590190
[email protected]


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