PayMore

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What to know about PayMore franchise? The franchise offered is for a "PayMore" retail store that buys new and used consumer electronics from the general public and resells the electronics to various online purchasers and electronics recyclers that we recommend. PayMore stores operate using the franchisor's techniques, trade dress, trademarks and logos. PayMore was founded in 2011. The franchise began with one store in Massapequa and has since expanded to locations across the United States. Franchise offers an opportunity to get involved in the multi-billion dollar industry of buying and selling used consumer electronics. PayMore has a proven business model that is simple to operate and has low overhead costs. Franchisees benefit from the franchisor's buying power, marketing muscle, and economies of scale. Franchises are currently available in select markets across the United States. PayMore is based in Cary, NC. Scroll down to learn more!How much does a PayMore franchise cost?Are you wondering how much is a PayMore franchise? Before starting a PayMore franchise, it is important to know the franchise fee, working capital and other costs required to start the business.The minimum investment amount required to open a PayMore franchise is $152,050 and can go all the way up to $242,450. Keep in mind, you should also allocate additional funds to live off of while the PayMore business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 PayMore franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a PayMore business 2) pass break even 3) hit significant income.After (and if) you pass the point of earning significant income from your PayMore franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.