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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$139K - $267K
Units as of 2024
42 Increase 950.0% over 3 years

Company Overview

About PayMore

Industry Tech Businesses
Related Categories Electronics Repairs/Sales, Miscellaneous Tech Businesses
Founded 2010
Parent Company Paymore Group LLC
Leadership Erik Helgesen, President
Corporate Address 329 North Harrison Ave.
Cary, NC 27513
Social Facebook, Twitter, LinkedIn, Instagram, YouTube

Business Overview

Franchising Since 2012 (12 years)
# of employees at HQ 9
Where seeking

This company is offering new franchises throughout the US.

This company is offering new franchises worldwide.

# of Units 42 (as of 2024)

Information for Franchisees

Here's what you need to know if you're interested in opening a PayMore franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$35,000
Initial Investment Information Circle
$139,250 - $266,500
Net Worth Requirement Information Circle
$500,000
Cash Requirement Information Circle
$100,000
Royalty Fee Information Circle
5%+
Ad Royalty Fee Information Circle
1%
Term of Agreement Information Circle
15 years
Is franchise term renewable? Yes
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Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training 31 hours
Classroom Training 29 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed? No
Can this franchise be run from home/mobile unit? Information Circle
No
Can this franchise be run part time? Information Circle
No
# of employees required to run 2-5
Are exclusive territories available? Information Circle
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022