PayMore Franchise FDD, Profits, Costs & Fees (2025)
Paymore is a thriving retail franchise that focuses on buying and selling pre-owned consumer electronics, such as smartphones, tablets, laptops, and gaming consoles.
Since its founding in 2018 in Houston, Texas, the company has rapidly gained recognition as a key player in the growing market for refurbished electronics.
With its headquarters in Houston, Paymore operates its central offices to manage operations and provide comprehensive support to its franchise partners.
The company ventured into franchising in 2021, offering entrepreneurs an opportunity to capitalize on the expanding demand for refurbished electronic devices.
What sets Paymore apart is its innovative business model, which combines exceptional customer service with a proprietary system for trading pre-owned devices.
PayMore Financial Plan
Get a professional business plan and get funding for your franchise.
Initial Investment
How much does it cost to start a Paymore franchise? It costs on average between $139,000 – $267,000 to start a Paymore franchised store.
This includes expenses for store setup, equipment, inventory, and initial operating costs. The exact amount varies based on several factors, such as the size and layout of the store, its location, and whether the franchisee opts to lease or buy the property.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $35,000 – $35,000 |
| Technology Configuration Fee | $7,500 – $7,500 |
| Delayed Opening Fee | $0 – $6,000 |
| Leasehold Improvements & Construction Cost | $8,000 – $15,000 |
| Licenses and Permits | $250 – $500 |
| Rent – 3 months | $6,000 – $12,000 |
| Security Deposits | $3,000 – $6,000 |
| Blueprints | $0 – $2,500 |
| Furnishings, Fixtures & Equipment | $20,000 – $50,000 |
| Signage – Interior and Exterior | $5,000 – $8,500 |
| Computer System/POS System | $5,000 – $7,000 |
| Training Program, Travel, Lodging & Living Expenses While Training | $5,000 – $7,500 |
| Insurance – 3 Months | $500 – $1,000 |
| Professional Fees | $1,000 – $2,000 |
| Grand Opening Advertising Campaign | $3,000 – $5,000 |
| Opening Electronics Inventory and Supplies | $5,000 – $15,000 |
| On-Site Location Evaluation | $0 – $1,000 |
| Additional Funds – 3 Months | $20,000 – $60,000 |
| PayMore Kiosk | $15,000 – $25,000 |
| TOTAL | $139,250 – $266,500 |
Average Revenue (AUV)
How much revenue can you make with a Paymore franchise? A Paymore franchised store makes on average $1,033,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $622,000 yearly revenue for similar electronics franchises.
PayMore Financial Plan
Get a professional business plan and get funding for your franchise.
PayMore Franchise Disclosure Document
Frequently Asked Questions
How many Paymore locations are there?
As of the latest data, PayMore Stores operates over 36 locations across 21 states in the United States. Additionally, more than 450 units are in development across four countries
What is the total investment required to open a Paymore franchise?
The total investment required to open a Paymore franchise ranges from $139,000 to $267,000.
What are the ongoing fees for a Paymore franchise?
PayMore franchisees pay a royalty fee of 5% of gross sales or a minimum of $1,000 per month, whichever is greater.
They also contribute 2% of gross sales towards marketing efforts, supporting brand visibility and advertising campaigns. These fees ensure access to PayMore’s systems and collective promotional strategies.
What are the financial requirements to become a Paymore franchisee?
To qualify as a PayMore franchisee, candidates must have a minimum net worth of $500,000 and at least $100,000 in liquid capital. These financial prerequisites ensure that franchisees possess the necessary resources to establish and operate a PayMore store effectively.
How much can a Paymore franchise owner expect to earn?
The average gross sales for a Paymore franchise are approximately $1.03 million per location. Assuming a 15% operating profit margin, $1.03 million yearly revenue can result in $155,000 EBITDA annually.
Who owns Paymore?
PayMore is owned by its co-founders, Stephen Preuss and Erik Helgesen. Established in 2011, the company operates with a mission to provide a secure and eco-friendly platform for buying, selling, and trading electronics, emphasizing sustainability and reducing e-waste.
Disclaimer
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