Who we are
PayMore’s groundbreaking buy, sell and trade model is reshaping the electronics industry with a unique store front for selling used devices. Customers receive instant cash for any items traded in. Franchisees enjoy round the clock earning with over 70% online presence. With intuitive proprietary technology, launching your franchise is streamlined for success.
Benefits for a potential franchisee
You will receive full support in locating a suitable premises for your store with our in house property and acquisitions manager. They will help find and negotiate your commercial property lease.
Our development team will work with you on all aspects of opening your store from shop fitting to your opening day.
Full training will be provided in our flag ship UK store.
Our opening hours are 10am to 6pm Monday to Saturday, stores close on Sunday however with our online presence sales continue 24 hours a day 7 days a week. This is a great business for a family life balance.
80% of franchise owners quickly become multi-unit owners with our easy to scale operations and proprietary software making it very easy to scale your business.
Why PayMore
Recession Resistant – PayMore offers sustainable, affordable electronics that big-box stores and e-commerce giants can’t match. As a local retail hub with national e-commerce reach, PayMore thrives in any economy – making it a truly recession resistant franchise
Return on effort (ROE) – PayMore offers a much higher return on effort than most food and service franchises. With a simple retail model, lean staffing and 70% of revenue from online sales, franchisees get strong results – with the stress, complexity or long hours.
Low labour – PayMore needs a very minimal amount of employees pre location to operate efficiently.
No supply chain challenges – PayMore stores produce their own inventory and have the ability to trade and ship from store to store, meaning no waiting on supply or shipments to operate.
Proprietary technology – PayMorePOS and PayStation are our proprietary tools for seamless store management. Built over 10 years, they simplify operations, enhance customer experience and reduce theft – no tech expertise is required.
What type of support will you get
When you sign a franchise agreement with Paymore UK & Ireland we offer full support from finding a suitable location, negotiating the commercial lease, supporting with plans, shop fitting and work with you at every step until your store is ready to open. Full training will be provided in our flag ship UK store by our amazing team of experts. When your store is ready to open our team will be there to ensure a smooth launch and continued support will be provided on an ongoing basis. You will be part of our live support meaning you can instantly receive support from either our built in AI or our UK & US based teams.
What does a day as a PayMore franchisee look like
For a hands on operator this would be working with the team to ensure the store is open on time, the team are ready to invite customers to their store and offering them the best possible price for their used tech. Ensure that any purchased items are listed for sale, cleaned and all data is securely deleted ready for selling. Shipping any sold items to customers ensuring a quick delivery for any purchased products.
Payback on your investment
Franchisees expect to have a full return on investment within 1.5 – 2 years.
Start Up Costs
Startup costs are estimated to be £165,000 including franchise fee. We would expect anyone interested to have at least 25% in liquid capital. We have a bank of lenders ready to invest in the growth of your PayMore store.
Steps to becoming a franchisee
Get in touch with us
Complete the initial application form
Attend a discovery day at our flagship location
Arrange validation calls with other franchisees
Join a call with the PayMore founders in the USA
Complete the franchise agreement
Find a location with our property & development team
Open your store