Editors Note: This post was originally published on 3/14/2023 and has been updated on 5/26/2023 for accuracy.
One of the tell-tale signs that a franchise has a successful model is gauging how much they invest in their franchisees. At Pinch A Penny, we have so much faith in our proven turnkey system that we even help our franchisees get started with in-house financing.
What type of financing does Pinch A Penny offer?
Pinch A Penny offers in-house financing to qualified candidates for up to 80% of the start-up costs*. Our flexible repayment plans give you room for your business to grow, along with no prepayment penalties.
What are the benefits of In-House financing with Pinch A Penny?
When you take advantage of Pinch A Penny’s in-house financing options, you eliminate the hassle of a middleman. You’ll receive:
- Competitive interest rates
- Flexible repayment terms
- No fees
- No waiting
How does in-house financing with Pinch A Penny work?
Qualified candidates can receive up to 80% of the cost of launching a new location*. When you begin repaying your loan, you’ll have a clear schedule of repayment:
- Year 1: No payments are required, but interest accrues on the account.
- Year 2-3: Interest-only payments are required, but additional payments are optional.
- Year 4-10: Payments based on a 15-year amortization.
- Year 10: Balloon payment is due in year ten with no prepayment penalties.
Why does Pinch A Penny offer In-House Financing?
We believe in our turnkey process and stand behind our franchisees to show them that their success is important to us. The factors that set Pinch A Penny apart are:
- We have over 45 years of experience as a successful franchise model.
- We do our research to make sure our stores will succeed and grow.
- Our stores average over $2M* in AUV.
- Our turnkey model offers multiple streams of revenue.
Pinch A Penny is actively expanding in the state of Texas, as well as several other markets in the Southern United States. If you’re ready to take control of your future, our franchise development team would love to talk with you!
Interested in owning your own franchise?
* The maximum amount financed and the interest rate are subject to the credit worthiness of the franchisee. For details on terms and conditions of in-house financing, see FDD. Startup costs range from $471,425 to $745,200; for details see FDD Item 7. For the year ending December 31, 2022, Pinch A Penny had 269 stores open. Of those stores, 263 have been open at least one year. Of those open at least one year, the average annual gross sales were $2,023,349 and some stores (37%) had annual gross sales that exceeded the average. Your results may differ. There is no assurance that you will do as well. See our 2023 Franchise Disclosure Document for more information.
