Full Answer
Why buy a pinch a Penny Pool franchise?
Open a franchise with America's largest swimming pool retail, service and repair brands. 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.
What is pinch a penny?
Start your business! Pinch A Penny is the largest retail & service franchise catering to residential pool, patio, and spa owners.
What skills do you need to be a pinch a penny franchisee?
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 What would you do as a franchisee?
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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How much does a pinch a penny franchise owner make?
$117,951. The estimated total pay for a Franchise Owner/Manager at Pinch A Penny is $117,951 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.
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 small franchise owners make?
When researchers accounted for the inflations caused by the few top franchises, it was established that the average annual income of 51 percent of franchisees is less than 50,000 dollars. The study also found that only 7 percent of franchise owners earn over 250,000 dollars a year.
How many pinch a penny locations are there?
265 storesPinch A Penny Pool Patio Spa 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.
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.
Does Pinch A Penny offer financing?
Financing should not keep you from building a strong future for your own family. We're here to help.
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.
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...•
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 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.
How does a franchise owner get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
How much do 7 Eleven franchise owners make?
The estimated base pay is $82,642 per year. The estimated additional pay is $58,474 per year. Additional pay could include bonus, stock, commission, profit sharing or tips.
How much can you make owning a Chick-fil-A?
Chick-Fil-A Franchise Owner Salary Owners make $200,000 to $240,000 per year on average after considering annual fees. Chick-fil-A restaurants produce around $5.3 million in annual sales on average so between 5% – 7% of total sales will hit the bottom line after expenses.
How much does a Subway owner make a year?
Subway Salary FAQs The average salary for an Owner is $122,790 per year in United States, which is 35% higher than the average Subway salary of $90,583 per year for this job.
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.
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.
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.
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.
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.
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.
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.
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.
