PayMore has today announced the signing of a multi-unit franchise deal to bring PayMore’s buy, sell and trade market for electronics to the greater Philadelphia area.
The brand inked the deal with new franchisee Chris Phillips, who has extensive experience with franchising himself. Phillips is an experienced Eleven Burger franchisee and has over 10 years of experience in restaurant operations, but wanted to diversify his portfolio and thought PayMore’s electronic market concept was perfect for him.
“What excites me about PayMore is just like everyone needs to eat, everyone also needs electronics in the age we live in. PayMore’s proprietary system makes buying and selling electronics to the public simple. Not everyone needs a brand new shiny electronic toy – there’s immense potential in the resale market,” said Phillips.
“After considering the current environment of employee hiring and supply chain issues due to the COVID-19 pandemic, I decided to diversify my portfolio beyond restaurants.”
Founded in 2011, PayMore stores are brick-and-mortar locations that combine e-commerce with electronics sales and trade-ins. Every PayMore unit receives support for retail resale techniques and filling the store with quality merchandise.
“We are thrilled to award this multi-unit territory in Philadelphia to Chris and his team, as he exhibits all the characteristics we are looking for in an area developer. Chris will be an integral part of our Northeast build-out,” said Stephen Preuss, CEO of PayMore.
PayMore has also recently accepted cryptocurrency as a form of payment.