PayMore Franchise Analysis

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Made the Grade

PayMore is a Franchise Grade Made The Grade™ franchise, which means it's ranked strongly by our reviewers.

Franchise Opportunity Data

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.

What is the upfront investment costs to be a franchise owner of a PayMore franchise?

PayMore has an initial franchise fee of up to $30,000, with a total initial investment range from $152,050 to $267,450.

  • Initial Franchise Fee: $30,000
  • Total Investment: $152,050 to $267,450
  • Working Capital: $50,000 to $75,000
  • Royalty Fee: 4.0%

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!

How much does a PayMore franchise owner make?

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

How many franchise locations does PayMore franchise have?

As of the 2020 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.

Are there any PayMore franchises in my preferred location?

Based on 2020 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.

NC

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: 2020

PayMore Franchise STATS

Total Investment
$152,050 - $267,450
Franchise Fee
$30,000
Franchise agreement
Initial Term
15 Years
Renewal Term
10 Years
Franchise outlet growth
2017
0
2019
1
Ongoing fees
Royalty
4.0%
ad fees
1.0%
# of franchised outlets
1

FAQS

Does this brand provide any initial training and opening assistance?

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.


Online 0
On-the-Job 43
Classroom 41
Total 84

Does this brand offer Territory Rights?

PayMore offers territory protections. For an explanation of territory rights, unlock this franchise for more details.

Do they have marketing and technology support in place?

No, PayMore does NOT offer comprehensive support for franchisees.


How long ago did PayMore begin franchising?

They began franchising in 2020. The average Technology franchise began franchising in 2010.


Does PayMore offer lending support?

No, but you can click here to fill out our affordability calculator and understand your financing options.

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  • Growth projections
  • Turnover projections
  • Financial details
  • Initial and renewal terms
  • Royalties and advertising fees
  • Key Franchise FAQs
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  • How much do franchise owners historically make?
  • Does this franchise provide Veteran or First Responder discounts?
  • Does this franchise use public figures to promote their franchise?
  • Does this franchise disclose any bankruptcies?
  • Is this franchise affiliated with any other franchise brands or private equity investment groups?
  • How many new outlets have they opened within the last 5 years?
  • How many franchised outlets have closed within the last 5 years?
  • How many new outlets have they sold in the last 5 years?
  • How many franchised outlets have terminated within the last 5 years?
  • Does this franchise operate any company or affiliate owned outlets?
  • How long is their initial and renewal term lengths?
  • Does this franchise have any lawsuits?
  • How long have they been franchising?
  • Are they expanding internationally?
  • How often are royalties and advertising fees paid to the franchisor?
  • How are territories defined?
  • What is the role of technology in the operation of the franchise?
  • Why has new franchisee growth been so low?
  • What are the important requirements for managing a successful franchised location in this system?
  • Are you required to work as an owner-operator or is this a passive franchise opportunity?
  • Does this franchise offer multi-unit discounts for buying more than one franchise location?
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