PayMore signs deal to expand in Boston area, Sunbelt
PayMore is adding to its growing footprint with a major new franchise agreement.
The buy-sell-trade electronics franchise has signed a 36-unit deal with Pay Tews LLC to open new locations across the United States. The group plans to open nine stores in the Greater Boston area, eight stores in Florida (Orlando and Palm Beach County), 13 stores in the Midwest/South, including Oklahoma, Arkansas and Memphis, and six stores in the Northwest, including Idaho and Reno, Nev.
The planned expansion marks continued growth for PayMore. In the second quarter of this year, the company opened 19 new stores in major metro areas such as San Diego, Atlanta, Chicago, Miami, Houston and Washington D.C.
PayMore has over 600 units in various stages of development, with approximately 90 currently open, achieving a 700% increase in store count over the past two years.
PayMore says the new 36-unit agreement with Pay Tews LLC marks one of its largest multi-market deals to date and reflects the brand’s “growing momentum among experienced, sophisticated franchisees looking to diversify into high-performing retail concepts.”
“We’ve been involved with some of the fastest-growing brands in the franchise space,” said Jerre Tews of Pay Tews LLC, which currently franchises multiple Crumbl, Crunch Fitness and Dave’s Hot Chicken locations. “What stood out about PayMore was the simplicity of operations, scalability, and the opportunity to make a real impact in the communities we serve by providing great service and value to customers looking to give tech a second life and keep electronics out of landfills.”
[READ MORE: PayMore sets sights on opening 150 new stores by end of year]
Founded in 2011 in Massapequa, N.Y., PayMore has processed nearly 2 million device trade-ins. The company specializes in purchasing smartphones, gaming systems, tablets and other consumer electronics, providing customers with competitive compensation for their pre-owned electronics.
