Category:
EG10425 - Franchises
Location:
United States - United States
Business Description:
PayMore Stores is a fast-growing local brick and mortar electronics franchise opportunity in a unique industry that combines e-commerce with electronics sales and trade-in. One of the hottest markets in the world, electronics sales – from smartphones to gaming systems and computers to tech gadgets – provides high customer retention rates, growing margins, and low overhead. Establish your business as an authority in the local market for electronics trade-in by offering strong consumer data protections and environmentally friendly solutions to upgrading personal devices. PayMore Stores was founded in 2011 in Massapequa, New York a small community in Long Island, to solve the problem of old and broken electronics piling up in landfills. Our mission is to repurpose old electronics and recirculate them back into the marketplace, to help reduce the country’s e-waste footprint. To meet demand, the first PayMore Stores location served customers across the U.S. and around the world. To incentivize e-waste recycling, PayMore Stores delivers the strongest level of personal data protection available on the market and the highest trade-in values. Customers who trade in old devices for cash know their data will be wiped clean before electronics are resold. PayMore Stores also offers exceptional deals on gently used and repurposed electronics protected by industry-leading warranties. The first PayMore Stores location received strong local support in Massapequa, NY for its environmentally friendly trade-in service. The store saw high volumes in trade-ins and used electronics sales and became a highly valued member of the community, serving as a local electronics hub with highly knowledgeable staff. To help meet demand for the brand’s green-friendly concept, President Erik Helgesen and CEO Stephen Preuss launched franchise opportunities nationwide. In addition to offering a place to buy, sell and trade electronics safely in communities across the country, the company’s franchise opportunities offer electronic savvy entrepreneurs an exciting opportunity to own their own business with a strong foundation based on hands-on training and one-on-one corporate leadership support. Starting with one small brick and mortar storefront, PayMore Stores has grown to the highest grossing secondhand electronics dealer in Long Island, serving more than 30,000 customers. Its success was featured recently in Entrepreneur Magazine. Today, PayMore Stores has four locations operating in New York and North Carolina. electronics franchise
Financial Data Not Available
| # of Employees | Full Time | Part Time |
| Non-Owners | 0 | 0 |
| Owners | 0 | 0 |
Hours of Operation
New owners' discretion.
Licenses Required:
Monthly Rent Including NNN:
$0
Expires:
Option:
No
Size(sq.ft.):
2,000
Type of Organization:
-
Reason for Sale:
New Franchise
Training:
0 weeks hours
Disclaimer: The information provided herein is compiled from information provided by the seller(s). Business Team (CA BRE 01160661) makes no representation as to its accuracy or reliability. Prospective buyer(s) should rely upon their own verification and that of their financial advisors with respect to this information.