PayMore
PayMore operates retail stores that purchase used and broken consumer electronics from consumers and businesses, then resell them to consumers and businesses through in-store sales and online channels. The franchise utilizes a proprietary system including distinctive signage, operational standards, training, and proprietary marks to ensure uniformity and quality. The target market includes both individual consumers and businesses looking to buy or sell electronics.
Franchise Costs
Greater of 5% royalty or $1,000/mo + 1% technology fee + 1% Worldwide Creative Marketing fund + $300-$700/mo software subscriptions + $15-$40/mo streaming music service + up to $100/mo mystery shops
Financial Performance
Item 19 Financial Performance
Data Based On: Data for 19 Franchise-Operated Locations that were open for the entire 2024 calendar year.
* Average Gross Revenue and Median Gross Revenue are taken directly from the 'Franchised Location' row in the 'PART II' table. Revenue Top Quartile and Revenue Bottom Quartile are not provided as averages of segments, only 'High Gross Sales' and 'Low Gross Sales' for the entire group. Net income, net profit, and EBITDA, along with best-guess profit ranges, could not be calculated as Note 5 explicitly states that financial performance representations do not reflect operating expenses or other costs necessary to determine net income or profit.
Extracted Item 19 Section
How PayMore Compares
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
PayMore Current | $132K – $257K | $35K | 5.0% | 57 |
| Bimbo Foods Bakeries Distribution, LLC | $14K – $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K – $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K – $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K – $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K – $380K | $100K | 10.0% | 2,286 |
Business Services Average 188 franchises | $118K – $284K | $46K | 10.4% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 188 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+5 more states
SBA Loan History
Historical SBA 7(a) loan data for PayMore franchisees (2023 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
76 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
76 Contacts Available
Unlock all PayMore franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a PayMore franchise ranges from $131,750 to $256,500. This includes a franchise fee of $35,000. Ongoing royalty fees are 5.0% of gross sales.
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