Summary
Paymore Stores is a technology and data company that buys, sells, and trades electronics. The founders, Stephen R. Preuss, Sr. and Erik Helgesen, started the business in 2011 after learning from their initial secondhand store. They saw the need for a clean, serviceable secondhand store in the electronics space and decided to focus on electronics and provide optionality to customers. Paymore's business model is scalable, with low costs, flexible store sizes, and a small labor force. They have a strong e-commerce platform and offer warranties to build trust with customers. Paymore is actively expanding through franchising and has a strong track record of sales performance.

Takeaways
Paymore Stores is a technology and data company that focuses on buying, selling, and trading electronics.

The founders learned from their initial secondhand store and decided to focus on electronics and provide optionality to customers.

Paymore's business model is scalable, with low costs, flexible store sizes, and a small labor force.

They have a strong e-commerce platform and offer warranties to build trust with customers.

Paymore is actively expanding through franchising and has a strong track record of sales performance.

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