Interested in owning your own franchise?
Pinch A Penny Ranked in the Prestigious Franchise 500® by Entrepreneur Magazine
March 4, 2020
Over our decades in business, a committed family of franchise owners and a loyal customer base have made Pinch A Penny the nation’s largest swimming pool retail store, pool cleaning and backyard services franchise — and people are taking note! Pinch A Penny is ranked No. 150 on Entrepreneur magazine’s prestigious 2020 Franchise 500 ranking — a massive jump up 275 places from last year’s ranking at No. 425.
Entrepreneur’s Franchise 500 is the world’s first and most comprehensive franchise ranking. Considered an invaluable tool for investors who are seeking franchise opportunities, Franchise 500 rankings are based on a company’s exceptional performance in areas such as unit growth, financial strength and stability and brand power.
Entrepreneur received more than 1,100 applications for its 41st ranking, making this year’s edition one of the most competitive in Franchise 500 history.
Being ranked so highly is a credit to Pinch A Penny’s outstanding franchise owners, who provide unrivaled expertise and stellar service to their customers every day and keep franchise growth and performance strong companywide.
Pinch A Penny is a well-established franchise system that is consistently ranked highly by multiple organizations. In addition to the Entrepreneur listing, Pinch A Penny is listed among Franchise Business Review’s Top 200 Franchises to Buy, Top Franchises for Women and Top Franchises for Veterans; Franchise Times’ Top 200+. Pinch A Penny also received the silver award for Franchise Update’s STAR Award for Franchisee Satisfaction.
Entrepreneur uses a rigorous “Five Pillar” formula based on:
• Costs and fees (franchise fee, total investment and royalty fees)
• Size and growth (open and operating units, growth rate and closures)
• Support (training times, marketing and operational support, franchisor infrastructure, financing availability and litigation)
• Brand strength (social media, system size, number of years in business and number of years in franchising)
• Financial strength & stability (franchisor’s audited financial statements)
Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
If you’re looking for a franchise opportunity or want to convert an existing location, now is a great time to dive in. With more than 250 locations, we’re looking for strong candidates to bring exceptional pool products, expertise and service to your area.
