Franchise Opportunity Rating
Review completed: October 2019
$70,000 - $150,000
$289,375 - $411,200
Founded in 1975, Pinch A Penny Pool Patio Spa has grown from one store to more than 250 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.
Actual owner reviews from our third party, independent surveys.
"This organization starting from the bottom and going to the top exudes integrity, honesty, and I feel that they are truly vested in my success. Not from a selfish desire, but rather they want us all to succeed and do well for ourselves."
Raymond & Sandra, Single Unit Owners, Overall Brand Rating: 100 FSI
"Pinch-A-Penny not only totally provides extensive knowledge & training but they have individuals that will work with you on "hard to solve" issues."
James & Linda, Single Unit Owners, Overall Brand Rating: 84 FSI
"This is more like a family group than a business. Excellent experience."
Juan & Marlene, Single Unit Owners, Overall Brand Rating: 90 FSI
The pool industry is a rapidly growing market that's worth an estimated $15 billion. With only about one-third of residential pool owners in the U.S. using a dedicated pool service company, there is an enormous opportunity for growth – especially in Southern locations where the warm climate makes it possible to use a residential pool year-round.
Our franchisees see strong annual sales, with an Average Unit Volume (AUV) of over $1.2 million.* While we don't disclose Pinch A Penny franchise profit numbers, you can speak to our development manager and start the process of becoming a Pinch A Penny franchisee. Once you've spoken with our development team and filled out some initial information, we'll review financial statements and performance representations with you in our Franchise Disclosure Document.
No, you don’t need to be a pool and spa expert in order to franchise with us—in fact you don’t even need to know how to swim. We provide all the training and tools you need to succeed.
Yes, Pinch A Penny offers veterans 50% off our franchise fee and special financing incentives to reduce upfront costs.
Each day varies, but most days consist of opening the store, going over numbers and inventory, reviewing the daily plan with the team, hiring new employees, following-up with customers, and closing shop at the end of the day.
The road to becoming a Pinch A Penny Franchise Owner is a simple process. First, contact Pinch A Penny by completing the form. Then you’ll have a follow-up call with our development personnel. If you like what you hear, you’ll complete our franchise application. Upon review of the franchise application, you’ll have a local meeting with a member of the development team, and review our Franchise Disclosure Document. From there, you’ll complete a business plan, and attend a Discovery Day at our corporate offices in Clearwater, Florida. Once you sign the franchise agreement, you’ll work with our real estate team on finding a site, and begin training. Once you open your own Pinch A Penny store, our marketing and operations team will support you every step of the way.
As the nation’s largest swimming pool retail, service, and repair franchise, we’ve developed a dominant presence in a booming backyard-focused industry that’s led to strong average unit sales of more than $1.2 million*.
There are multiple revenue streams from retail, maintenance, and repair services for our customers year-round. When the temps drop, cleaning service and hot tub needs rise. And whatever the weather, the do-it-yourselfers are routinely coming in-store for additional expertise and new products.
Owning a pool or spa requires regular treatment and maintenance. Our expert advice and services, such as routine water testing, coupled with our huge selection of proprietary and specialized products, attract customers and keep them coming back.
We take a family approach to our business and that includes how we treat our Franchise Owners. You can be confident you will have all the necessary resources to carry on our tradition of quality, reliability and expertise in a fun, family-oriented atmosphere.
*For the year ending December 31, 2018, Pinch A Penny had 248 stores open. Of those stores, 238 have been open at least one year. Of those open at least one year, the average annual gross sales were $1,257,388.88 stores (37%) had annual gross sales that exceeded the average. Your results may differ. There is no assurance that you will do as well. See our 2019 Franchise Disclosure Document for more information.
Ongoing training is always in place, but prior to a store opening, our Franchise Owners complete an in-depth phase of education that takes place online, from the backyard and in the store, and results in: Pool & Spa Operator (CPO®) Certification — the world’s leading verifiable pool and spa training credential; Advanced Service Technician (AST®) Certification; and a Diploma from the Pinch A Penny Pool School.
Swimming pool retail, service, and repair 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.
Our award-winning efforts have helped foster our expert reputation in the minds of our target audiences. And we have one of the most sophisticated pool owner databases to make sure we're getting our message to the right people.
A Pinch A Penny franchise cost ranges in initial investment depending on the market and individual location. However, most startup costs are between $289,375 and $411,200, including a franchise fee of $50,000.
Potential Franchise Owners must meet the minimum liquidity requirements of $150,000 and have a net worth of no less than $350,000.