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Pinch-A-Penny
14480 62nd St. N.
Clearwater, FL 33760-2721
800#:
Tel: (727) 531-8913 + 237
Fax: (727) 536-8066
E-Mail: [email protected]
Web Site: www.pinchapenny.com
Contact: Mr. Adam S. Heflin, Franchise Development Manager
PINCH-A-PENNY is the nation's largest franchise retailer of swimming pool, spa and patio supplies.
Franchisor Background
Established: 1974
First Franchise: 1976
Franchise Units: 175
Company-Owned Units: 2
Total Units: 177
Distribution:
U.S. -- 177;
Canada -- 0;
International -- 0
-North America -- Operations in 5 States
-States/Provinces with Greatest Density: 174 in FL, 1 in GA, 2 in AL
Projected New Units Over Next 12 months: 15
Franchisee Qualifications: , , , , ,
(Click here for an explanation)
Registered in Following Registration States: FL (Click here for an explanation)
Average Number of Employees: NR (FT = Full Time, PT = Part Time)
Space Needs: 1,500-3,500 SF; SC
(Click here for abbreviations)
Encourage Conversion: No
Financial Requirements
Cash Investment: $NR
Total Investment: $150-350K
Average Total Investment: $250.0K
Minimum Net Worth: $250K
Fees:
-Franchise: $30K
-Average Franchise Fee: $30.0K
-Royalty: 6%
-Average Royalty: 6.0%
-Advertising: 4%
Provide Earning Claim Statement: Yes
Terms of Contract
Term of Contract (Years): 5/20
Passive Ownership: Not Allowed
Area Development Agreements: No
Sub-Franchising Contracts: No
Expand In Territory: Yes
Franchisor Support and Training Provided
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Financial Assistance: No
Cooperative Advertising: NA
International Franchise Association: IFA MEMBER
Canadian Franchise Association:
Franchisee Association / Member: NR
Size Of Corporate Staff: NR
On-Going Support: A,B,C,D,E,H,I (Click here for an explanation)
Training: 4 Weeks Headquarters.
Franchisor's Specific Expansion Plans
U.S.: All United States
Canada: No
Overseas: No
Note: NR = No Response by Franchisor.
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