PayMore franchise
A PayMore franchisee buys and resells used and broken consumer electronics through retail and online channels. At the end of 2025 there were 100 PayMore locations in the US, 99 franchised and 1 company-owned.
- Cost to open
- $139K–$269K
- Franchise fee
- $35,000
- Royalty
- 5% + minimum
- Locations, 2025
- 100+92 in 3 yrs
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Company snapshot
- SBA loans
- On the SBA Franchise Directory
From PayMore Group LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a PayMore franchise costs
Opening one store costs an estimated $138,750 to $268,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: PayMore Group LLC, 2026 filing, page 17
PayMore franchise fee
The franchise fee is $35,000. You pay it when you sign the franchise agreement.
Source: PayMore Group LLC, 2026 filing, page 9
Royalty and ongoing fees
| Royalty | The greater of 5% of gross sales or $1,000 monthly. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: PayMore Group LLC, 2026 filing, page 10
Sales and earnings
Shares figures PayMore publishes sales or earnings figures for its locations: Performance information covers one affiliate location and 48 qualifying franchised locations; partial-year and specified closed locations are excluded.. The full tables, with notes on which locations are counted, are in its filing.
Source: PayMore Group LLC, 2026 filing, page 47
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 20 (+13) | 1 | 0 |
| 2024 | 55 (+35) | 1 | 1 |
| 2025 | 99 (+44) | 1 | 4 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Source: PayMore Group LLC, 2026 filing, page 50
How PayMore compares
Of the 44 retail franchises on this site, PayMore is the 7th cheapest to open and the 28th largest by number of locations.
| Measure | PayMore | Typical retail |
|---|---|---|
| Cost to open, low end | $139K | $251K |
| Royalty | 5% | 5% |
| Closed or left per year | 4.1% | 4.5% |
| Change in franchised locations, 3 yrs | +1314.3% | +5.2% |
| Shares earnings figures | Yes | 39 of 44 |
Typical is the median across the 44 brands in retail franchises.
