Pinch A Penny’s outstanding corporate support, financial performance and family-friendly business model have made it one of the most highly regarded franchises in the industry, thanks to expertise gained over 45-plus years in business.
The brand has earned impressive rankings again in the recently released Entrepreneur “Franchise 500” and Franchise Business Review (FBR) “Top 200 Franchises of 2021.” Entrepreneur’s annual “Franchise 500” ranking considers factors such as costs and fees, size and growth, support, brand strength and financial strength and stability, while FBR highlights the best 200 franchise opportunities based on owner satisfaction. Both lists are valuable tools for prospective franchisees who want information on brands’ financial health, startup costs and fees and who wonder whether current owners feel like franchisors are supportive and deliver on their promises.
“All of us at Pinch A Penny are proud to be included in the industry’s most prestigious rankings, which affirm that our franchise system has worked to provide franchisees with strong support,” says Michael Arrowsmith, Chief Development Officer. “We are grateful to our outstanding franchise owners, who provide the highest level of customer service and expertise to pool owners in their communities every day, making the company’s strong performance and continued growth possible.”
Entrepreneur ranked Pinch A Penny among the top franchise brands for the third consecutive year on the 2021 “Franchise 500” list, and FBR ranked Pinch A Penny among the “Top 200” for the fourth year in a row. Pinch A Penny also is listed among FBR’s “Top Franchises for Veterans,” “Top Franchises for Women” and “Best Second Career Franchise Opportunities.” Additionally, the brand was recognized as having one of the best franchise cultures on FBR’s inaugural “Franchise Culture100” list and was included as one of the “50 Best Recession-Proof Businesses” in FBR’s 2020 special report.
Among the reasons that Pinch A Penny earns high praise in the franchise rankings:
- Outstanding financials: In addition to more than 45 years of positive sales growth, Pinch A Penny’s average store revenue is $1.3 million.*
- Multiple streams of revenue: The brand’s impressive streak of sales growth mirrors the business model’s multiple streams of revenue – retail, pool cleaning and backyard services. The multiple revenue streams combine the best of both the retail and service sectors. And, when delivered by local franchise owners, it’s a powerful combination that gets better and better each year.
- World-class training: Pinch A Penny’s Pool School teaches franchisees everything they need to run their business successfully. That’s why franchise owners coming from many different industries – with no previous experience in the
business – emerge from the training as experts in water chemistry and pool care.
- Family atmosphere: Pinch A Penny started as a family business, is still a family business, and serves safe, family fun to its customers. Throughout its history, Pinch A Penny has maintained its commitment to families and to work-life balance. FBR rankings, especially, put great emphasis on franchisee satisfaction, and franchisees love that they can own a business with flexible hours and no need to travel outside their local area.
Pinch A Penny performs well in the annual franchise rankings because the business model performs well economically and because franchisees are happy with their businesses. Because it’s their business, they can choose to balance work and family the way they choose. Pinch A Penny is a business for families and a business built to last.