Joining The Leader
Pinch A Penny Franchise Ranked #26 on Franchise Gator’s Top 100 Franchises for 2020
Posted on March 17th, 2020
Pinch A Penny was ranked as the top (and only) pool franchise in Franchise Gator’s 2020 Top 100, and we’re not the least bit surprised.
“45 years ago, we carved out a niche in the pool industry that combined retail, service and maintenance to create a one-stop-shop for our customers and a robust, sustainable business opportunity for our franchise owners. Our three-pronged model has been proven to work for more than four decades, validated by our top-tier average unit volume (AUV) of $1.2 million and 40+ years of positive growth, and is further substantiated by third-party recognitions we receive each year like Franchise Gator’s Top 100,” says Michael Arrowsmith, chief development officer of Pinch A Penny. “Our leadership in franchising and the pool segment, coupled with the fact that the industry is rapidly growing – worth an estimated $15 billion today – showcases the enormous growth opportunity that only continues to get bigger and bigger.”1
Now in its seventh year, the Franchise Gator Top 100 list helps potential franchise buyers find affordable franchises proven to perform. With the assistance of The Educated Franchisee, judges for the Top 100 list compare hundreds of Franchise Disclosure Documents (FDDs) that focus on a franchise’s financial stability, growth, transparency, engagement, continuity, and sustainability. The ultimate goal: to help future franchise owners find the business of their dreams.
“The Franchise Gator Top 100 was developed with the average buyer in mind,” said Eric Bell, GM Franchise Gator / VP Franchise Ventures. “Future business owners need to know that they don’t need $1 million to become a business owner. There are opportunities out there that fit every skill set and price range.”3
Pinch A Penny checked off all the boxes for the Franchise Gator Top 100 and more. We’re the top pool franchise because we know the market. According to the Association of Pool & Spa Professionals, there are 10.4 million residential swimming pools in the United States, and many pool owners want to spend more time enjoying them and less time working on them. With three revenue streams that include ongoing cleaning and maintenance, professional pool repairs, and in-store sales of products like cleaners, pool accessories, and outdoor furniture, Pinch A Penny has everything owners need to make their pools a great gathering spot for family, friends, and fun.
2020 is going to be a great year for Pinch A Penny, our outstanding franchise owners, and our loyal and growing customer base. With 45 years of industry experience and over 250 stores, our brand is the one to beat. “One of the things we’re most proud of is that Pinch A Penny has not closed a single store in more than 25 years,” says Arrowsmith, “which we attribute to our outstanding franchisee operators, extensive market research capabilities, and a solid understanding of where our brand will resonate.”4 As more pool owners hand off the chore of ongoing maintenance to professionals, Pinch A Penny swimming pool franchises are uniquely poised for explosive growth. With our industry-leading AUV, Pinch A Penny is the perfect franchise opportunity for passionate, hands-on individuals looking for a rewarding business opportunity that helps their community create the perfect backyard oasis.
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