Arizona’s local retail scene is about to witness a dynamic shift as PayMore, the nation’s fastest-growing electronics buy, sell, and trade franchise, announces a new five-unit deal to bring three more units to Phoenix and two to Tucson. With a keen focus on rapid growth, PayMore has closed 17 major deals in 2023 alone with nearly 140 units in development across Texas, New York, Maryland, Michigan, New York, Washington, Florida, and California.
The new expansion in Arizona is spearheaded by franchisees Daniel and Stephanie Steimel, who bring experienced backgrounds from a variety of sectors to the PayMore brand. Daniel’s illustrious career spans nearly 20 years as a seasoned general counsel, covering a wide array of domains such as corporate and securities, regulatory compliance, real estate, contract law, intellectual property, insurance, employment, and adept management of complex litigation. Complementing this, Stephanie’s past roles include a pivotal position as a critical care nurse at Phoenix Children’s Hospital.
For years, the Steimels had been searching for their next venture when franchising caught their attention. After exploring numerous franchise concepts, including several different restaurant brands, PayMore caught their eye. The appeal of PayMore’s sustainable business model, coupled with their inherent appreciation for resale and the added attraction of recession-resistant viability, played a crucial role in their decision.
“Having invested significant time in our careers and real estate ventures, Stephanie and I were primed for our next strategic investment,” shared Daniel Steimel. “PayMore not only met all our criteria but also exceeded them. Discovering a business that’s not only sustainable but also aligns with our core values made the decision a no-brainer.”
In collaboration with Fransmart, a leader in franchise development for emerging brands, PayMore experienced substantial growth in 2022, which has continued into 2023. Witnessing a 400% increase in units, PayMore is on track to exceed 250 units in development by the end of 2023.
PayMore is both an e-commerce and brick and mortar electronics resale shop offering consumers a safe and green way to buy, sell and trade electronics, including late generation smartphones, gaming systems, tablets, and other tech gadgets. With $650 billion worth of unused tech in U.S. homes, PayMore’s success can be seen in the immense potential for growth by offering consumers the ability to safely sell their unwanted electronics or purchase high quality inexpensive devices from a trustworthy source.
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