Pinch A Penny
$150,000
$50,000
248
1976
Clearwater,FL
Jim Eisch
Overview
Pinch A Penny is America’s largest swimming pool retail, service, and repair franchise. We are looking for smart, strong leaders to help us grow. Pinch A Penny franchisees benefit from the brand’s multiple streams of revenue: retail, pool service, and backyard services—essential services that keep franchise locations busy year-round and during economic ups and downs.
WE'VE PERFECTED THE FORMULA FOR A SUCCESSFUL FRANCHISE
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, has family-owned franchises and sells family fun to the community.
Consider opening your own Pinch A Penny franchise and joining the growing $15 billion1 swimming pool industry. Pinch A Penny is expanding its system of more than 270 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. Come grow with us.
Franchise Unit Trends and Revenue
248
10
$1,257,388
* in 2018
Franchise Fees
$50,000
Veteran's Fee: $25,000
6.0%
Gross Volume of Business
4.0%
Gross Volume of Business
Why Choose Pinch A Penny?
Our Proven Business Model
There are 11 million2 residential swimming pools in the U.S., and every one of them needs Pinch A Penny.
That’s because Pinch A Penny provides essential products and services that keep water safe and clean, allowing families to spend quality time together in their own backyards.
Pinch A Penny’s proven business model works, thanks to:
MULTIPLE STREAMS OF REVENUE
Retail, pool service, and an array of backyard services, such as pressure washing and landscape lighting, provide year-round revenue. Most Pinch A Penny competitors do not offer such a variety of services.
FULL TURNKEY SERVICE
From assistance in securing the perfect location and negotiating a lease to construction and build-out to training to grand opening planning and marketing, we take care of everything – all the way to your first customer.
INDUSTRY LEADING EXPERTISE
We don’t just ring up purchases. We provide information about how to use products wisely. Customers rely on Pinch A Penny locations for their expertise and free in-store water testing. We help pool owners with everything from keeping chemicals in balance to leak detection to choosing the right heater.
YEAR-ROUND BUSINESS
Backyard service offerings ensure that locations stay busy even during cooler months when people aren’t using their pools. This is not a summer job.
The Secret to Our Success
At Pinch A Penny, we want every franchisee to live the American Dream.
- 45+ YEARS SALES GROWTH
- $1.7M3 AVERAGE STORE REVENUE
- MORE THAN 270 LOCATIONS AND GROWING
- IN HOUSE FINANCING
We give them the tools they need to build a successful business. 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 for the first week of your grand opening 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, and more.
SUPPLY CHAIN
Most of what you sell can be ordered through an affiliated central distribution facility. For franchise owners, dealing primarily with one vendor simplifies ordering and ensures the best prices and quality. We deliver products to your door so that you have what you need when you need it. A Pinch A Penny franchise is an extremely low-risk investment that helps you build the life you want for yourself and your family.
Starting Costs and Investment Requirements
$480,925 - $814,200
$350,000
$150,000
Training and Support
We will teach you everything you need to know! Pinch A Penny franchisees train for four weeks in an intensive Pool School where they become experts in pools and spas.
History
Founded in 1975, Pinch A Penny Pool Patio Spa has grown from one store to more than more than 270 locations across the Southeastern U.S. and Texas. Priding itself on its superior customer service and expertise, the brand has been included in top industry rankings, including the Entrepreneur Franchise 500 and Franchise Times Top 200+, as well as Franchise Business Review's Top Franchises for Women, Top Franchises for Veterans, and the Top 200 Best Franchises to Buy.
Additionally, Pinch A Penny was recently selected as the silver winner for Franchise Update's prestigious STAR Award for Franchisee Satisfaction. Taking a family approach to business, Pinch A Penny provides its customers, franchisees, and employees with all the necessary resources to carry on its tradition of quality, reliability, and expertise in a fun, family-oriented atmosphere.
Ideal Candidate
Our typical franchisee is a mid-career professional who wants to take control of their life and change their family’s future. 90% of our new franchise owners have little or no previous pool experience. We provide up-front training on all you need to know about pool and spa care as well as how to operate a Pinch A Penny store. When you graduate from Pool School, you’ll have a Pool School certificate; a Certified Pool & Spa Operator (CPO®) certification, the world’s leading verifiable pool and spa training credential; and an Advanced Service Technician (AST®) certification.
1 U.S. Residential Swimming Pool Market Report by PKdata 2 Marketresearch.com. 3 For the year ending December 31, 2021, Pinch A Penny had 262 stores open. Of those stores, 257 have been open at least one year. Of those open at least one year, the average annual gross sales were $1,773,164 and some stores (39%) had annual gross sales that exceeded the average. Your results may differ. There is no assurance that you will do as well. See our 2022 Franchise Disclosure Document for more information.
