---
title: "Experienced Gas Station and Hotel Owners Sign Deal with PayMore for Knoxville Expansion"
url: https://burnaze.com/article/38370472-be43-45c6-b91c-6e377cb15a69
source: "Franchising.com"
original_url: https://www.franchising.com/news/20240606_experienced_gas_station_and_hotel_owners_sign_deal_with_paymore_for_knoxvil.html
category: "Signs"
industry: "Business Services"
segment: "Signs"
topics: ["Development & multi-unit"]
published: 2024-06-06T12:00:00.000Z
modified: 2026-10-31T18:42:46.696Z
image: https://images.unsplash.com/photo-1524749292158-7540c2494485?w=1600&q=80&auto=format&fit=crop
---

# Experienced Gas Station and Hotel Owners Sign Deal with PayMore for Knoxville Expansion

**TL;DR:** PayMore Stores has signed a five-unit deal in Knoxville with franchisees Varniraj Patel and Mukesh Nayi. The deal is part of Patel and Nayi's plan to diversify their portfolio and expand PayMore's presence in the Knoxville area.

*originally published in Franchising.com on 2024-06-06. [Read the original](https://www.franchising.com/news/20240606_experienced_gas_station_and_hotel_owners_sign_deal_with_paymore_for_knoxvil.html).*

## Story

PayMore Stores proudly announces a five-unit deal in Knoxville with seasoned gas station and hotel franchisees Varniraj Patel and Mukesh Nayi.

Patel and Nayi are not only current multi-unit operators but also manage multiple brands, including Shell, Marathon, Hilton, and Wyndham. Having lived in the Knoxville area for 30 years and owned various businesses, they sought a new brand to diversify their portfolio. They were impressed by PayMore's straightforward business model compared to the demanding 24/7 operations of hotels and gas stations. With PayMore, they look forward to an improved quality of life.

“We’ve lived in Knoxville for 30 years and have built many different businesses in this area, and there is nothing like PayMore here. When finding out about this genius franchise model, we knew we had to be the first ones to bring and expand PayMore in Knoxville.” Said Nayi.

Patel and Nayi see themselves eventually expanding to 15-20 units in the Knoxville area. They have already signed a lease at a prime location in the Costco parking lot at: 113 Lovell Road Knoxville, Tennessee 37934.

PayMore operates as a hybrid business, combining an online e-commerce platform with a physical brick-and-mortar store. Their products include smartphones, gaming systems, tablets, and other tech gadgets.

## Entities

- Franchising.com (publication)
- unit expansion (topic)
- Business Services (sector)
- franchise deal (topic)
- Hilton (company)
- Knoxville (location)
- Costco (company)
- Shell (company)
- business diversification (topic)
- PayMore Stores (company)

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Originally reported by Franchising.com (https://www.franchising.com/news/20240606_experienced_gas_station_and_hotel_owners_sign_deal_with_paymore_for_knoxvil.html). Summarized by Burnaze (https://burnaze.com/article/38370472-be43-45c6-b91c-6e377cb15a69).