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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$152K - $267K
Units as of 2021
4 300.0% over 3 years

Company Overview

About PayMore

Industry
Retail
Founded
2010
Leadership
Erik Helgesen, President

Franchising Overview

Franchising Since
2012 (10 years)
# of employees at HQ
4
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
4 (as of 2021)

Franchisor Information

Corporate Address
581C Broadway
Massapequa, NY 11758

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
$30,000
Initial Investment
$152,050 - $267,450
Net Worth Requirement
$500,000
Cash Requirement
$100,000
Royalty Fee
4%
Ad Royalty Fee
1%
Term of Agreement
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
43 hours
Classroom Training
41 hours
Additional Training
Ongoing
Ongoing Support
Purchasing Co-ops
Newsletter
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?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
2-5
Are exclusive territories available?
Yes
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021