Pinch A Penny Franchise In USA Cost, Profit, How to Apply, Requirement, Investment, Review | SkillsAndTech
Do you think now’s the time to own a Pinch A Penny franchise but hesitant to proceed without knowing all the cost breakdown? Don’t worry. This article is just right for you. Let’s list down all the Pinch A Penny franchise costs to give us a realistic overview and more!
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Table of Contents
Pinch A Penny Franchise Wiki
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.
Pinch A Penny Franchise Authorization
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- Sell at retail the full variety of swimming pool supplies, products and equipment, patio furniture, and related items.
- Offer, sell and provide pool and spa janitorial cleaning, maintenance, and repair services at private residential customer locations.
Pinch A Penny Franchise Financial Support
Franchisees may qualify for financing support up to 80% of the franchisor’s initial investment for a new Pinch A Penny store. However, the percentage of finance may vary per franchisee based on several factors such as:
- Credit history
- Financial resources
- Financing needs
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Also, the franchisor will assess other financial resources that may be available to the franchisee. It’s important to note that the franchisor does not guarantee a franchisee’s note, lease, or obligation.
Pinch A Penny Franchise Benefits
This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Pinch A Penny Franchise Cost
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| Name of Fee | Low | High |
|---|---|---|
| Initial Franchise Fee | $50,000 | $50,000 |
| Initial Lease and Security Deposit Payments for Store | $10,000 | $12,000 |
| Furniture and Fixtures for Store | $80,000 | $100,000 |
| Vehicle Graphics (signage) | $1,200 | $2,500 |
| Vehicle (monthly purchase payment) | $425 | $700 |
| Bleach Tank and Containment Equipment ‒ Store | $12,000 | $40,000 |
| Opening Inventory and Supplies ‒ Store | $70,000 | $90,000 |
| Equipment and Start-Up Supplies ‒ Pool Services | $1,500 | $3,500 |
| Training Expenses | $2,000 | $5,000 |
| Commercial Auto & Business Insurance | $3,250 | $6,000 |
| Legal | $1,500 | $3,500 |
| Printing & Signage | $5,500 | $17,000 |
| Fees, Licenses, Permits, Local Law Government & Other Prepaid Expenses | $1,000 | $3,000 |
| Computer Systems | $12,000 | $16,000 |
| Additional Funds – 3 months | $15,000 | $20,000 |
| ESTIMATED TOTAL | $29,375 | $411,200 |
Pinch A Penny Franchise Course
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Pinch A Penny, the franchisor, provides a training course for the franchisees, majority owner, operating partner, or other personnel which the franchisor has approved of. The overall training is located in Clearwater, Florida, or any other preferred location by the franchisee. 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.
The franchisee is also expected to take part in all other activities required for the store’s opening. Furthermore, the Pinch A Penny team will provide at least five days of training to the franchisees at their store during the first 60 days of opening. The franchisor has the right to increase the minimum hours of training as they see fit. Also, Pinch A Penny will provide additional training for such periods and such locations appointed by the franchisor.
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Pinch A Penny Franchise Territory Details
First, the franchisor grants store franchisees a specific location that it approves. 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.
It’s good to be aware that there will be instances where franchisees may face competition from other franchisees. Other than that, a franchisee may also face competition from outlets the franchisor owns or from other competitive brands the franchisor controls.
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Pinch A Penny Franchise Term of Agreement and Renewal
The initial franchise term for Pinch A Penny is five years. After the 5-year term, if franchisees are in good standing, the franchise can be renewed or extended for three additional five-year terms. After a franchisee’s first 10 years of the franchise, to obtain a successor renewal term, the business’s gross volume for the most recent calendar year before expiration should not be among the lower 5% of store competitors existing for three years or longer.
Pinch A Penny Franchise Requirements
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This is highly confidential information. Because this company had not disclosed it. You can only know about this after applying for the franchise. All this will be discussed when the basic criteria are met and fulfilled. You can know the procedure as follows.
Pinch A Penny Franchise Profit
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors.
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How to Apply For Pinch A Penny Franchise
To get the franchise first you have to fill the form. Then the company officials will contact you for further details. After that you you can open this franchise.
Pinch A Penny Franchise Contact details
Website
FAQ
Is it profitable or not?
Ans: It is fast moving products, so there is fewer margins but your sale is too high. So, obviously you can make more profit from this business.
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What is The Difference Between Franchisor vs. Franchisee
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What Is The Difference Between Franchise Vs. Sole Proprietorship
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Conclusion
So far we have shared the basics for this franchise. It is the most profitable franchise. You will never doubt your decision to start this franchise. Go ahead and achieve your goal. If you find more information please feel free to share with us. Share your thoughts and we will definitely contact you with new franchise and opportunities. Stay Tuned for more franchise. Thank you
Disclaimer: The information given in this article like investment may vary from place to place, so we are not sure about the investment part.
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