Electronics buy and sell company Paymore Stores is set to open five more units in Arizona after it signed a new deal with franchisees.

The franchisees, Daniel and Stephanie Steimel, will operate three units in Phoenix and two in Tucson.

“Having invested significant time in our careers and real estate ventures, Stephanie and I were primed for our next strategic investment,” said 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.”

Paymore said it is on track to exceed 250 units in development by the end of FY23. In this year alone, the company has sealed 17 major deals with nearly 140 units in development across Texas, New York, Maryland, Michigan, Washington, Florida, and California.