PayMore plans to nearly triple its U.S. store count in 2025
PayMore Stores is planning to continue its rapid growth this year.
The buy-sell-trade electronics franchise says it will open 90 more stores in the United States in 2025, and currently has over 300 locations in development. PayMore says it is quickly entering key markets such as San Diego and Orange County, Calif., as well as South Carolina, Austin, Orlando, Los Angeles, Houston, Phoenix and Dallas.
In January 2025 alone, four franchise agreements were signed, adding close to 30 new units to the development pipeline.
“Our mission at PayMore has always been to redefine the secondhand industry while minimizing electronic waste,” said Stephen R. Preuss Sr., co-founder and CEO of PayMore. “Seeing our growth accelerate at this pace is a testament to both the demand for sustainable tech solutions and the strength of our franchise model. We’re excited to continue expanding into new markets and working with passionate franchisees who share our vision.”
[READ MORE: PayMore hits 50 locations; details upcoming store openings]
PayMore says the most recent agreements will expand its presence in the South and on the East Coast.
- The Integritty Group An experienced franchise operator with nearly 50 units across brands like Qdoba and Dave’s Hot Chicken, The Integritty Group has signed on for 14 PayMore units spanning Delaware, New Jersey, New York and Pennsylvania.
- Travis Bolster, John Gordon and Clay Koenig Seasoned Smoothie King franchisees, this group secured a nine-unit deal covering Louisiana and Mississippi.
- Maryland Expansion A six-unit deal was finalized, further solidifying PayMore’s presence in the Mid-Atlantic region.
“We were drawn to PayMore for its efficient operations and minimal staffing requirements,” said Pranav Desai of The Integritty Group. “Unlike restaurants that need 40 to 60 employees, PayMore can operate with just two to four, making it easier to scale and stay profitable. It offers a simple, scalable, and financially rewarding business model without needing to reinvent the wheel.”
Since its founding in 2011, PayMore says close to 1.5 million devices have been traded in at its stores. The company operates 75 locations globally, with more than 50 located in the U.S.
