Franchise Deep Dive: Pinch A Penny's Franchise Costs, Fees, Profit and Data

LAST UPDATED: September 2023

FRANCHISE WEBSITE: https://pinchapennypoolfranchise.com/ 

NUMBER OF LOCATIONS: 280+  

REPORTED COST TO GET IN: $471,425 to $745,200

REPORTED ROI (Item 19): $2 million (average store revenue) 

Pinch A Penny Pool Patio Spa is a franchise of retail stores that specializes in swimming pool and spa supplies, equipment, and services. The franchise is known for offering a wide range of products related to pool maintenance, including chemicals, pool toys and cleaning equipment.

How Many Pinch A Penny Locations Are There?

Pinch A Penny was founded in 1975, and has grown to become one of the largest franchised pool supply and service companies in the United States. By the end of 1976, nine families — all customers who loved the first store — opened their own Pinch A Penny stores. And for the next 15 years, the franchise grew to include about 90 locations throughout Florida. Today, there are over 280 locations around Florida, Alabama, Georgia, Louisiana and Texas. Pinch A Penny is currently seeking new franchise owners in Texas and throughout the Southeast.

What Is The Pinch A Penny Business Model?

Pinch A Penny stores offer best-in-class pool cleaning service, equipment installation and repairs. Additionally, many locations offer a full suite of pool and home improvement services, including pool renovations, pool surface refresh and stain treatment, pool leak detection and repair, and pressure washing service.

The business model is built on four key principles: 

• Multiple Streams of Revenue: Pinch A Penny’s proven, turnkey business model includes a powerful combination of retail, pool cleaning and an array of backyard services.
• Turnkey Business Model: The franchise aids owners with everything from site location to lease negotiation, construction of each store and marketing. 
• Industry-Leading Expertise: Pinch A Penny’s training program will teach franchisees what they need to know to help pool owners with everything from keeping chemicals in balance to leak detection to choosing the right heater. 
• Year-Round Business: Because people need to maintain pools all year long, Pinch A Penny locations stay busy year-round, not just during the summer. Additionally, backyard services also bring in a lot of business in the cooler months.

How Much Can Pinch A Penny Franchise Owners Make?

The annual average store revenue of a Pinch A Penny location is $2 million, for the year ending December 31, 2022. 

How Much Does It Cost To Open a Pinch A Penny?

The total estimated initial investment, including franchise fee, ranges from $471,425 to $745,200. However, Pinch A Penny franchise startup costs depend on the market and individual location. Notably, Pinch A Penny will finance up to 80% of the cost for qualified franchisees. 

Potential Franchise Owners must also meet the minimum liquidity requirements of $150K and have a net worth of no less than $350K. 

What Is the Franchise Fee for Pinch A Penny?

The franchise fee is $50K. 

Who’s On Pinch A Penny’s Leadership Team?

• Jim Eisch — President and CEO
• Adam Heflin, CFE — Director of Franchise Development
• Kendall Large — Vice President of Marketing
• Troy Lindbeck — Vice President of Operations
• James P. Eisch — CFO
• Kate Hiles — General Counsel

What Helpful Articles Can I Read to Learn More About Pinch A Penny?

• Pinch A Penny is a Year-Round Service Franchise
• 5 Benefits of Owning a Pool Retail and Service Franchise like Pinch A Penny
• Valdosta Pinch A Penny Named Leading Business
• New Pinch A Penny Store Now Open in West Lake Worth, Florida
• FAQ’s for Owning a Pinch A Penny Franchise

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