PayMore, the in-demand buy, sell, trade electronics retailer, is seeing a trend of first-time franchisees upgrading their number of units with hundreds of new franchise owners signing on for multi-unit deals. In advance of the opening of his first Phoenix location, Arizona franchisee and serial entrepreneur has upgraded his unit count from one unit to five units – as the electronics resale market heats up.
The Phoenix location is being developed by an ambitious entrepreneur with extensive experience in real estate who divides his time between Phoenix and Toronto. The original deal was signed in July of 2022 as the first deal to bring PayMore to Arizona; the first store, slated to open this spring 2023, will be located next to a Home Depot and Walmart shopping center at 4041 E Thomas Road, Suite 112 in Phoenix. Now, the franchisee has signed on for additional units ahead of its first grand opening, due to a compelling proof of concept and a desire to secure more of the territory ahead of competition.
“We are thrilled to have PayMore expanding further in the Arizona market,” said Stephen R. Preuss, PayMore CEO. “With the rapid growth we experienced in the last year that’s continuing into 2023, I’m thankful to have a team of experienced entrepreneurs like our Arizona franchisee to help grow the PayMore brand.”
The Arizona franchisee isn’t the first to sign for additional units this year. After experiencing rapid growth in the short amount of time they’ve been franchising, several PayMore franchisees have upgraded their unit counts to secure their territory.
Working in partnership with Fransmart, the global leader in franchise development, PayMore saw its biggest year of growth in 2022, tripling its national footprint by the end of the year. treams for owners.
Meeting the consumer demand for electronics resale, PayMore is both an e-commerce and brick-and-mortar electronics resale shop offering consumers the ability to buy, sell and trade late generation smartphones, gaming systems, tablets, and other tech gadgets. Beyond PayMore’s integrated, proprietary inventory platform, the brand continues to disrupt the retail industry with its commitment to tech and innovation. PayMore was recently named to FranServe’s 2022 FRAN-TASTIC 500 brands. This award recognizes brands that go beyond the norm by helping people fulfill their dreams of business ownership through franchising.