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Pinch A Penny
Pinch A Penny is the largest swimming pool retail, service and repair franchise providing everything pool and spa owners need for their backyard oasis. They offer a turnkey business model with proven success and in-house financing, making it easy for franchisees to start their own location and enjoy running a profitable business while spending more time with their families. Pinch A Penny caters to an in-demand industry and generates multiple streams of revenue through their retail and service options.
Facts & figures
Pinch A Penny
About Us
Many companies say their teams are “like family,” but Pinch A Penny truly is run like a family business and has always underscored the value of personal relationships with franchisees. Just as Pinch A Penny first grew when founder Fred Thomas invited families to open locations in neighboring towns, most locations today are owned and operated by families. Many of them joined Pinch A Penny because they wanted to build a legacy for their children.
Running a Pinch A Penny requires no travel, and stores operate during normal business hours. Franchise owners enjoy a flexible schedule that allows them to put their families' needs first, have dinner together and spend quality time together in the evenings.
The family atmosphere and work-life balance are among the qualities that franchisees love most about Pinch A Penny. That may explain the brand’s perennially high ratings for franchisee satisfaction in Franchise Business Review rankings.
Industry Facts
Pinch A Penny Pool Patio Spa is a key player in a growing, needs-based business. In a growth industry that encompasses everything from construction to maintenance to retail, Pinch A Penny is much more than a pool cleaning business or swimming pool supply franchise. Pinch A Penny does everything except build the pool.
With more than 10.4 million residential pools in the U.S.1, pools are big business, and business is good. In a recent survey of its members, the Pool & Hot Tub Alliance, the nation’s primary pool industry trade group, reported that 45% of its members forecast annual revenues would increase 10% or more.
Pinch A Penny's Competitive Advantage
Pinch A Penny is routinely ranked among the best franchise investments. In 2021, Entrepreneur ranked Pinch A Penny among the top franchise brands for the third consecutive year on its prestigious “Franchise 500” list. Franchise Business Review ranked Pinch A Penny among its “Top 200 Franchises.”
Additionally, Franchise Business Review predicts that home repair and maintenance franchises and specialty retail franchises will outperform other sectors over the next few years. That’s why Pinch A Penny was one of Franchise Business Review’s “Top 50 Recession-Proof Businesses.” Pinch A Penny provides services that are necessary to keep people safe no matter what the economy is doing. The need for clean water is constant.
Why Franchise with Pinch A Penny?
Pinch A Penny is America’s largest swimming pool retail, service, and repair franchise. Pinch A Penny’s proven business model has generated more than 45 years of sales growth and an average store revenue of $2,023,349. Pinch A Penny franchisees benefit from the brand’s multiple streams of revenue – retail, pool service, and backyard services – and essential services that keep franchise locations busy year-round and during economic ups and downs.
Benefits of Franchising with Pinch A Penny
Pinch A Penny franchise owners enjoy the best of all worlds: Every day, they get to go to work and run a profitable business that they love. And every night, they come home to their families. That perfect balance of work and family life has been part of the Pinch A Penny formula since Day One. Pinch A Penny was founded as a family business, and it is still family-owned, has family-owned franchises, and sells family fun to the community.
Consider opening your own Pinch A Penny franchise and joining the growing $15 billion swimming pool industry. Pinch A Penny is expanding its system of 265+ locations throughout the Southeast and Texas. If you are interested in investing in a turnkey business that will allow you to secure your future and build a legacy for your family, we need to talk.
Training and Support
At Pinch A Penny, we want every franchisee to live the American Dream. We give them the tools they need to build a successful business and control their own destiny. Our outstanding corporate support is one major reason that we have not closed a store in more than 30 years.
Our unparalleled corporate support includes:
In-Depth Training - You do not need pool experience to become a Pinch A Penny franchisee. At our Pool School, an intensive four-week program, we train franchisees on everything from legal issues to chemistry to equipment. Plus, we provide in-store training during your first week so you can feel confident from the start.
Comprehensive Marketing Program - You want to be the business owner, not a social media manager – right? That’s why our experienced, capable marketing department handles all consumer advertising, direct mail, social media posting, customer service calls, and more.
Ideal Candidate
Pinch A Penny franchisees are a diverse group, but they share some important qualities. The ideal Pinch A Penny franchise owner must have a willingness and desire to help customers and the passion to go above and beyond to ensure customers have what they need to keep their pool or spa in great shape. You have to be committed to training and educating your team so you can meet and exceed customer expectations.
Additionally, our franchisees:
- Care about their communities
- Understand how to succeed
- Work hard
Salute to Veterans
We offer a special incentive to U.S. military veterans who wish to join our ranks: 20% off the franchise fee. Pinch A Penny is a proud member of the International Franchise Association Foundation®’s VetFran® program, and Franchise Business Review has named Pinch A Penny a “Top Franchise for Veterans.”
Easy Financing Options
For financially qualified candidates, Pinch A Penny offers in-house financing for up to 80% of the cost to launch new locations. To qualify as a franchise candidate, you must have a net worth of at least $350,000. The initial start-up cost to open a Pinch A Penny franchise ranges from $334,425 to $480,200, which includes the franchise fee, build-out costs, equipment, supplies, and start-up inventory. The maximum amount financed and the interest rate are subject to the creditworthiness of the franchisee.
Ready to start your own Pinch A Penny business? Request more info today!
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FAQs
- The largest turnkey, one-stop shop for all swimming pool retail, service, and repair needs resulting in multiple revenue streams for franchisees—owner/operator model
- Streamlined in-house financing options for individuals to not only launch of their own location but the start of their work life balance
- Recession-proof business with multiple revenue streams due to various backyard services provided year-round
- Sales of swimming pool, patio, and spa supplies, accessories, parts, games, floats, grills and treatments
- Service fees for pool, patio, and spa cleaning, upkeep, and ongoing maintenance
- Those with a genuine passion for owning a business where they and their staff provide above-and-beyond service to customers
- Entrepreneurs who prefer a seasonal business, with greater involvement in warm seasons and less work in cooler seasons
- Industry experience not required, as Pinch A Penny will train franchisees on all facets of the business; many successful Pinch a Penny franchise owners have backgrounds in executive management, marketing, retail, and communications
- Manage sales of products, accessories and services
- Hire and assign pool, patio, and spa service staff, as necessary
- Acquire and maintain repeat residential customers
- Oversee day-to-day retail store operations, such as buying supplies and maintaining inventory levels
