Full Answer
Should You Own A Pinch A Penny Franchise?
Do Consumers Like Shopping At Pinch A Penny?
Where Do I Get My Merchandise From?
How much does it cost to buy a pinch a penny franchise?
Where is pinch a penny located?
Where is the Pinch a Penny training center?
Is it important to have referrals for a penny franchise?
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How much do pinch a penny franchise owners make?
The estimated total pay for a Franchise Owner/Manager at Pinch A Penny is $118,298 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $75,845 per year.
How much does it cost to franchise a pinch a penny?
How much does it cost to open a Pinch A Penny? Pinch A Penny franchise start-up costs depend on the market and individual location. The total estimated initial investment, including franchise fee, ranges from $334,425-$480,200. For qualified franchisees, Pinch A Penny will finance up to 80% of the cost.
Is pinch a penny profitable?
With more than 45 years of sales growth and an average store revenue of $1.7 million1, Pinch A Penny franchise owners enjoy running a profitable business they love while maintaining a balance between work and family.
Who owns pinch a penny franchise?
In December 2021, Pool Corporation acquired Pinch A Penny as part of the Porpoise Pool & Patio, Inc. acquisition. Peter D. Arvan, POOLCORP President and CEO says, "Working together, we are excited about the strong future growth potential that this addition brings to our distribution network.
How many locations does pinch a penny have?
America's Largest Franchised Retail Pool Supply and Service Company. Pinch A Penny's direction is quite simple. We strive to be unrivaled in providing value, quality, and service to our customers. That's why we're now over 265 stores strong and growing.
What is sales to investment ratio?
What Is the Sales-to-Investment Ratio? The average sales-to-investment ratio compares gross sales to the initial investment into the franchise. It's calculated by dividing those sales by how much you put in to get started. This makes it a good measure of bang for your buck.
How long has pinch a penny been in business?
Founded by Fred Thomas in 1975, Pinch A Penny Pool Patio Spa continues to make a splash over 45 years later. The pool supply retail and service franchise began with just one store in Florida, and today has grown to include 259 locations across the southeastern United States and Texas.
How do you get a pinched penny?
To buy a franchise with Pinch A Penny, you'll need to have at least $150,000 in liquid capital and a minimum net worth of $350,000. Franchisees can expect to make a total investment of at least $400,000.
Is pinch a penny nationwide?
With approximately 260 independently owned and run franchised stores in Florida, Texas, Louisiana, Alabama, and Georgia, Pinch A Penny Inc. is a large franchisor of pool and outdoor living-related specialty retail stores in the United States.
Is pinch a penny nationwide?
With approximately 260 independently owned and run franchised stores in Florida, Texas, Louisiana, Alabama, and Georgia, Pinch A Penny Inc. is a large franchisor of pool and outdoor living-related specialty retail stores in the United States.
Does pinch a penny have military discount?
For Veterans Pinch A Penny is a proud supporter of U.S. military veterans and encourages them to join the Pinch A Penny family by offering a 20% discount on the franchise fee.
Where is pinch a penny located?
Pinch A Penny, originating from Clearwater, Florida, started the business back in 1974 and ventured to franchise in 1978. It’s known as one of the largest franchised retail pool supply and service companies with 260 estimated units. The following are a few important things you should know before knowing the Pinch A Penny franchise cost.
How does a pinch a penny work?
Next, the franchisor grants franchisees an exclusive right to operate a Pinch A Penny franchise along with its system within a three miles radius around that approved store location. Bear in mind that franchisees may only provide services within that area of proximity and around that reserved pool services territory.
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However, other fast-casual restaurants may also have a place and opportunity to become an investment in the long run. One of them is LemonShark Poke, self-dubbed as a “fine casual” offering healthier food options for consumers needing a quick bite.
How long does franchising training last?
The franchisor will hold an initial training period for the franchisees and a manager. However, if it’s an entity or a corporation, a managing owner (at least 10% interest) must undergo training. The location of the training could be held at a franchise store or a support center. Initial training includes the “Franchise Induction Program.” It lasts ten days and can be extended depending on the franchisee.
How long does it take to train a pinch a penny?
It will take a minimum of 120 hours, conducted for four weeks. However, take note that this is before the commencement of the franchisee’s operations.
How long does it take to complete franchising training?
Once Phase I is completed to the franchisor’s satisfaction, an owner and manager should complete Phase II training. It takes about ten days to complete, with the topics Business and Systems covered. Meanwhile, the training location depends on the franchisor. It could be in one of their offices in Waco, Texas. It may be in other locations or could be conducted through video calls.
Background
With more than 10.4 million residential pools in the U.S., pools are a big business. The swimming pool industry is a booming business that is worth an estimated $15 billion.
Support and Training Offered By Pinch A Penny
In terms of support and training, franchisees can expect a program that includes everything from the chemistry of pools to fixing pool motors to legal issues and accounting. The brand does 10 sessions of Pool School per year.
Franchises Similar to Pinch A Penny
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
What is a pinch a penny?
is the franchisor. The franchisor offers franchises for the operation of a business relating to the operation of retail businesses and outlets which are authorized to: (1) sell at retail a full range of swimming pool supplies, products and equipment, patio furniture and related items; and (2) offer, sell and provide pool and spa janitorial cleaning, maintenance and repair services at private residential customer locations.
How long is the franchise term?
Term of Agreement and Renewal: The length of the initial franchise term is five years. If franchisees are in good standing, franchisees can renew or extend the term of their franchise on the then-current terms for three additional successive five-year terms. Financial Assistance: Franchisees may qualify for financing from ...
How long does franchising training take?
The franchisor will provide a minimum of 120 hours of training, which the franchisor will conduct during a four-week period prior to the franchisee commencing operations at its headquarters in Clearwater, Florida, or at another location the franchisor specifies. Franchisees also must participate in all other activities required to open the store. The franchisor provides franchisees with at least five days training at their store during the first 60 days of opening. The franchisor may increase the minimum hours of training at its sole and absolute discretion. The franchisor will provide additional training for such periods and at such locations as may be designated by the franchisor.
What are the obligations of a franchisee?
Obligations and Restrictions: Franchisees must at all times faithfully, honestly and diligently perform their obligations under the Franchise Agreement, continuously exert their best efforts to promote and enhance the franchised business, and not engage in any other business or activity that conflicts with their obligations to operate the franchised business in compliance with the Franchise Agreement and the franchisor’s standards and specifications.
What is a family friendly business?
We are a family-friendly business model that appeals to people who want both to own their own business but also to find a balance between work and family. Our franchise families serve their neighbors and community with outstanding products and services while building a business that's not only financially successful, but one that their family can be proud of and continue on for the next generation.
Is pinch a penny a franchise?
With our strong brand identity, exceptional franchisee relationships, and experienced leadership team, Pinch A Penny is perfectly positioned for development with the right candidate. Immediate franchise opportunities are available across Texas and the southeastern United States.
Where is the Pinch a Penny training center?
Our primary training courses are conducted at the Pinch A Penny Corporate Headquarters in Clearwater, Florida, by some of the industry's most knowledgeable experts. Our Training Coordinator is a Certified Pool Operator Instructor recognized by the National Swimming Pool Foundation and Certified Aquatic Facility Operators.
How to become a franchisee?
What would you do as a franchisee? 1 Manage sales of products, accessories and services 2 Hire and assign pool, patio, and spa service staff, as necessary 3 Acquire and maintain repeat residential customers 4 Oversee day-to-day retail store operations, such as buying supplies and maintaining inventory levels
Do Consumers Like Shopping At Pinch A Penny?
Pinch A Penny is based upon a unique and proven concept - provide an extensive line of pool and spa care products and the expertise to use them wisely. We don't just ring up purchases. Instead, we're a source of advice many pool owners quickly come to rely on.
Where Do I Get My Merchandise From?
Most of what you'll sell can be ordered through an affiliated central distribution facility in Clearwater, Florida. Stores receive deliveries on a regularly scheduled basis. Even in transit, we're promoting the Pinch A Penny name through image advertising on our trucks that travel throughout the Southeast.
Is it important to have referrals for a penny franchise?
While referrals are important, we would never expect you to rely on just that or self promotion to make your franchise work its hardest. We have an entire staff of advertising professionals who create national-caliber, targeted advertising campaigns to promote the Pinch A Penny brand.
Does pinch a penny require industry experience?
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
Should You Own A Pinch A Penny Franchise?
Unlike some franchise opportunities you may have researched, Pinch A Penny has one simple offer. We invite you and your family to make a positive lifestyle change and begin working with us. You'll have all the advantages of working with the world's largest franchised pool and spa care company.
Should You Own A Pinch A Penny Franchise?
Unlike some franchise opportunities you may have researched, Pinch A Penny has one simple offer. We invite you and your family to make a positive lifestyle change, and begin working with us. You'll have all the advantages of working with the world's largest franchised pool and spa care company.
Do Consumers Like Shopping At Pinch A Penny?
Pinch A Penny is based upon a unique and proven concept - provide an extensive line of pool and spa care products and the expertise to use them wisely. We don't just ring up purchases. Instead, we're a source of advice many pool owners quickly come to rely on.
Where Do I Get My Merchandise From?
Most of what you'll sell can be ordered through an affiliated central distribution facility in Clearwater, Florida. Stores receive deliveries on a regularly scheduled basis. Even in transit, we're promoting the Pinch A Penny name through image advertising on our trucks that travel throughout the Southeast.
How much does it cost to buy a pinch a penny franchise?
What Does a Pinch A Penny Franchise Cost? To buy a franchise with Pinch A Penny, you'll need to have at least $200,000 in liquid capital and a minimum net worth of $200,000. Franchisees can expect to make a total investment of $230,000 - $350,000. They also offer financing.
Where is pinch a penny located?
After four decades of continued growth in Florida and the surrounding states, Pinch A Penny is bringing its pool care expertise and service to the growing markets of Mississippi, Louisiana & Texas. These markets, like Florida, have large populations of pool owners who will enjoy the benefits of the selection, expertise and service offered by a locally owned Pinch A Penny franchise. Combine the strong population growth in these states with a climate ideal for poolside living, and you have a strong potential for great returns on your investment.
Where is the Pinch a Penny training center?
Our primary training courses are conducted at the Pinch A Penny Corporate Headquarters in Clearwater, Florida, by some of the industry's most knowledgeable experts. Our Training Coordinator is a Certified Pool Operator Instructor recognized by the National Swimming Pool Foundation, and Certified Aquatic Facility Operators.
Is it important to have referrals for a penny franchise?
While referrals are important, we would never expect you to rely on just that or self promotion to make your franchise work its hardest. We have an entire staff of advertising professionals who create national-caliber, targeted advertising campaigns to promote the Pinch A Penny brand.
