PayMore is graded based on our most recent FDD research!
PayMore is a 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 are recommender by the franchisor.
PayMore has an initial franchise fee of up to $30,000, with a total initial investment range from $152,050 to $242,450.
The initial investment of any franchised business includes multiple fees. Check out this franchise opportunity to better understand the specific costs required to purchase a PayMore, such as franchise fees, leasehold improvement costs, pre-opening marketing, and equipment purchases. As a reminder, franchisors are required to provide you with details about all initial fees. These are not only fees that are actually paid, but also commitments to fees you are required to pay. Another important item to review is whether the initial fees are refundable or not. The franchisor must disclose what conditions any of the initial fees are refundable. A franchisor must also disclose a range of fees if its initial fees are not the same within the system. A careful review of the Item 5 initial fees will provide you answers needed to make a buying decision a PayMore.
Can you Afford a PayMore Franchise. Complete our Affordability Calculator to find out!
As with any new business, there needs to be a strong ROI and profit potential. The specific franchisee's income and the revenue from a PayMore franchise depends on a variety of factors. One way to confirm the potential revenues or profits earned from a PayMore franchise investment is to review the franchisor's Item 19 within their Franchise Disclosure Document. This is called a financial performance representation. This is an option for franchisors within their disclosure and approximately 68% of all franchisors that we have reviewed will disclose financial performance data within Item 19 of their FDD. Some franchisors may disclose limited information such as average gross revenues. This type of financial disclosure is not always helpful to assess profits for you directly. So review systemwide sales data with caution. As expected, usually profits and owner's salary are equitable to the overall size of the initial investment. The larger the initial investment, the larger return you should anticipate
For additional information and franchise specific on the revenue of a PayMore franchised business, unlock this franchise
As of the 2022 Franchise Disclosure Document, there are 1 franchised PayMore locations throughout the United States.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2022 FDD data, PayMore has franchise locations in 1 states. There may be no locations in several states as each franchise plans their development strategy differently.
Based on our research PayMore is expanding into new locations and might be available near you.
One of our franchise advisors will have detailed knowledge about this franchise opportunity. Unlock to learn more and speak with our experts.
Last Reviewed: 2022
Sector: Retail Products and Services
Yes, they have an initial training program of 84 hours. This includes 41 hours of classroom training, 43 hours of on-the-job training, and 0 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
PayMore offers territory protections. For an explanation of territory rights, unlock this franchise for more details.
Yes, PayMore offers comprehensive support for franchisees. Unlock this franchise to find out more.
They began franchising in 2020. The average Technology franchise began franchising in 2010.
No, but you can click here to fill out our affordability calculator and understand your financing options.