What to know about PayMore franchise?
PayMore is a retail business that offers customers pre-owned electronics, such as smartphones, tablets, and other devices, with a focus on providing buyback and trade-in options for used electronics.
General
Year of Founding
Works with Franchise Brokers
Seeking Franchisees?
Fees & Financing
Franchise Fee
Min. Cash Required
Investment Range
Location units
Total U.S. Locations
U.S. Franchised Units
U.S. Corporate Units
Headquarters (City, State)
Square Footage
Retail Location?
Other
Item 19 - Franchise Financials
Started Offering Franchises
Issuance of FDD Data
E-2 Visa Eligibility
Job Count ?
Key Financial Indicators
%8
%8
%8
%8
%8
%8
%8
%8
Franchise Disclosure Document Summary
Download the latest Franchise Disclosure Documents (FDD’s) for this franchise.
Reported and Estimated Franchise Gross Sales and Earnings
Find available key financial metrics below.
Year
Amount for the period Y/Y % Change
Amount for the period Y/Y % Change
Amount for the period Y/Y % Change
2023
2022
2021
2020
2019
Franchise Openings and Closures
| Year | Start of year | Units opened | Units closed | Reacquired by franchisor | Total end of year |
|---|---|---|---|---|---|
| 2024 | 20 | 38 | 0 | 0 | 57 |
| 2023 | 8 | 12 | 0 | 0 | 20 |
| 2022 | 1 | 7 | 0 | 0 | 8 |
| 2021 | 1 | 0 | 0 | 0 | 1 |
| 2020 | 1 | 1 | 0 | 1 | 1 |
Detailed Metrics
Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz.
You can find the available metrics for PayMore below.
“N/A” or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable.
When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.
Franchise Health Metrics
1 year / 3 years
1 year / 3 years
1 year / 3 years
PayMore
Industry median
All franchises median
Franchise Viability Benchmarking
Investment Midpoint
Franchise Fee Midpoint
Franchise Payback Period
Gross sales
Royalty Fee
PayMore
Industry median
All franchises median
$194,125
$8888
$8888
$35,000
$8,888
$8,888
8.8 years
8.8 years
8.8 years
$8,888
$8,888
$8,888
5%
8%
8%
Franchisor Financials
Year
Franchisor Revenue
Amount for the period Y/Y % Change
Franchisor Royalty Fees
Amount for the period Y/Y % Change
Franchisor EBITDA
Amount for the period Y/Y % Change
Franchisor Net Income (Loss)
Amount for the period Y/Y % Change
2022
2021
2020
2019
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Franchisor company financial information and financial performance representations, if disclosed by the franchisor.
Lawsuits and Litigation
Pending and concluded litigation
Bankruptcies
Disclosed bankruptcy information
Additional Details
Interested in becoming a franchise owner but not sure where to start?
Take our free assessment to get a free professional franchise consultation.
You may also be interested in
Investment Range
$475K-$868K
Founding Year
2016
Total U.S. Units
69
Investment Range
$133K-$1.99M
Founding Year
1972
Total U.S. Units
4994
Investment Range
$830K-$3.22M
Founding Year
1967
Total U.S. Units
119
Investment Range
$532K-$2.22M
Founding Year
1970
Total U.S. Units
31