Franchise FAQ

how much does a pinch a penny franchise make

by Fred Schneider Published 2 years ago Updated 1 year ago
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HOW CAN WE HELP YOU? How much money can I make with a Pinch A Penny franchise? The annual average store revenue (or average unit volume) of a Pinch A Penny location is $1.7 million*, with a sales-to-investment ratio of more than 3:1. Pinch A Penny's numbers speak for themselves.

How much do pinch a penny it jobs pay?

How much does Pinch A Penny in the United States pay? Average Pinch A Penny hourly pay ranges from approximately $8.50 per hour for Customer Support Representative to $22.92 per hour for Pool Manager. The average Pinch A Penny salary ranges from approximately $25,334 per year for Service Manager to $84,418 per year for Software Engineer.

Can I buy a pinch a penny franchise?

Pinch A Penny stores are owned and operated by families who live in their community. Franchise opportunities are currently available in many southeast markets and we're always ready to add good people to our family of over 225 locally owned Pinch A Penny stores.

Why invest in pinch a penny?

As a leader in the pool industry for more than 45 years, Pinch A Penny Pool Patio Spa is a key player in a growing, needs-based business. With our strong brand identity, exceptional franchisee relationships, and experienced leadership team, Pinch A Penny is perfectly positioned for development with the right candidate.

Why pinch a penny pool Patio & Spa?

The Pinch A Penny Pool Patio & Spa franchise has grown to become America's largest franchised pool and spa care company. The brand's family of over 225 stores have kept swimming pools healthy and sparkling since its founding in 1975. And, unlike some franchise opportunities you may have researched, what this franchise offers is very simple.

How much does it cost to buy a pinch a penny franchise?

Where is pinch a penny located?

Do Consumers Like Shopping At Pinch A Penny?

Where Do I Get My Merchandise From?

Where is the Pinch a Penny training center?

Is it important to have referrals for a penny franchise?

Should You Own A Pinch A Penny Franchise?

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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 much do franchise store owners make?

about 80,000 dollarsAccording to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars. However, this number should be taken with a grain of salt bearing in mind that it could be inflated by high incomes of a few top performers.

How much do franchise actually make?

Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000.

How much do small franchise owners make?

The majority of franchise owners earn less than $50,000 per year.

What is the most profitable franchise to own in 2022?

Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•

Which franchise makes the most money?

What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.

Can you get rich owning a franchise?

The bottom line is that while a franchise can make you independently wealthy, it isn't a guarantee. Choosing the right business in the right industry, and going in with preexisting entrepreneurial experience and/or existing wealth can help, but your income-generating potential may still be somewhat limited.

How often do franchises fail?

A five-year study by the franchise consulting firm FranNet reported that 92 percent of their franchise placements were still in business after two years and 85 percent after five years. Because yes, sometimes franchise businesses can rise and fall like independently owned companies.

Is owning a franchise passive income?

Using the definition above, yes, a franchise can definitely be passive income! In fact, many franchises are set up with the goal of passive income in mind. That's why some franchisees end up owning multiple locations of the same franchise, with a separate staff and minimal oversight to run each one.

Is owning a franchise a full time job?

Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.

Do franchise owners have to work?

Owning a franchise unit can be demanding, requiring work of 60 to 70 hours a week, but owners have the satisfaction of knowing that their business's success is a result of their own hard work. Some people look for franchise opportunities that are less demanding and may only require a part-time commitment.

How much does a Subway owner make a year?

The average salary for an Owner is $122,559 per year in United States, which is 35% higher than the average Subway salary of $90,272 per year for this job.

How much do 7 Eleven franchise owners make?

Salary Details for a Franchise Owner at 7-Eleven The estimated base pay is $81,982 per year. The estimated additional pay is $58,226 per year.

Is it worth it to own a franchise?

If you're a fledgling entrepreneur or a seasoned business person wanting to diversify your holdings, you've probably wondered, “Are franchises a good investment?” The simple answer is yes, especially if a great opportunity presents itself. There is an obvious appeal to starting a business via buying a franchise.

Is owning a franchise a full time job?

Buying a franchise doesn't have to mean making a full-time commitment. Believe it or not, there are many franchises that can be run on a part-time basis, especially when you first start out.

How much does a Dunkin Donuts franchise owner make a year?

Average Sales / Revenue per Year The average Dunkin' franchise is getting around $620,000 to $1.3 million in sales per year. This results in the average Dunkin' franchise owner to have an annual salary of around $124,000.

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 l...

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 wis...

Advertising Designed to Get Results

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...

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...

How much does it cost to start a pinch a penny?

The total estimated initial investment, including franchise fee, ranges from $289,375-$411,200. For qualified franchisees, Pinch A Penny will finance up to 80% of the cost. Learn more.

How many pinch a penny stores are there?

*For the year ending December 31, 2019, Pinch A Penny had 253 stores open. Of those stores, 248 have been open at least one year. Of those open at least one year, the average ...

What is pinch a penny?

Pinch A Penny provides a turnkey process and an exceptional training program. We source an ideal site, negotiate the lease and help build out the store. We offer thorough training in every aspect of the business and help franchisees earn useful certifications. In fact, we offer additional training on new ancillary services every year. We take care of everything all the way through welcoming your first customer, and after you open, our trainers are just a phone call away in case you need any help.

How long does it take to open a pinch a penny?

Typically, depending on real estate, construction and other variables, the average time to open a new Pinch A Penny store is six to nine months from your initial inquiry. From build-out to opening day, Pinch A Penny takes care of everything so your turnkey store is ready go from Day One. Let’s start now!

Where is the Pinch a Penny training center?

Our primary training courses are conducted at Pool School on 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.

Where is pinch a penny located?

After five decades of continued growth in Florida and surrounding states, Pinch A Penny continues to bring our pool care expertise and service to growing markets in the Southeast and Texas. Like Florida, these markets have large populations of pool and spa owners who will appreciate the selection, expertise and service offered by a locally owned Pinch A Penny franchise.

Is pinch a penny family owned?

Additionally, Pinch A Penny is a family-friendly business in every sense: Founded as a family business, the company is still family-owned, has family-owned franchises and families as customers.

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.

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.

What is The Mr. Appliance Franchise Cost?

For your home and office appliance needs and repairs, there’s only one name you can trust if you’re in the United States or Canada. Mr. Appliance is a reliable company with decades of experience. The company has been offering franchising opportunities since 1996. So, if you want a money-making venture, learn more about Mr. Appliance’s franchise terms and costs.

What is The Real Cost of A Lemonshark Poke Franchise?

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.

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 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 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.

How much does pinch a penny pay?

Average Pinch A Penny hourly pay ranges from approximately $8.50 per hour for Customer Support Representative to $20.58 per hour for Equipment Repair Technician. The average Pinch A Penny salary ranges from approximately $17,000 per year for Sales Associate to $69,296 per year for .NET Developer.

How much does Pinch A Penny in the United States pay?

Average Pinch A Penny hourly pay ranges from approximately $8.70 per hour for Office Worker to $20.93 per hour for Equipment Repair Technician. The average Pinch A Penny salary ranges from approximately $28,780 per year for Cleaner to $49,629 per year for Equipment Repair Technician.

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.

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.

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.

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.

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