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Pinch-a-Penny
 

PINCH-A-PENNY is the nation's largest franchise retailer of swimming pool, spa and patio supplies.

Franchisor Background

Year Established:

  1975

Franchising Since:

  1976

Operating Units:

Franchised Units:205 99%  
Company-Owned Units:2 1%  
 ______ _____  
Total Operating Units:207 100%  
 

Geographic Distribution:

U.S.:207 100% In 3 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:207 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Alabama2
2. Florida204
3. Georgia1

Registered in Following Registration States:

   Florida

Financial Requirements

Investment:

Minimum Net Worth:$250K
Cash Investment:$150-350K
Total Investment:$150-350K
Average Total Investment:$250K
 

Fees:

Initial Franchise Fee:$37.5K
Average Franchise Fee:$37K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:4%

Average Number of Employees:

   , 0 Part-time

Space Needs (in square footage):

   1,500-2,500

Preferred Sites:

   Strip Center

Other Sites:

  

Encourage Conversions?

   No

Earnings Claims Provided?

   Yes

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:0
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?No
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:Yes
Local Advertising:No
Marketing Materials:Brochures, Coupons/rebates, Direct Mailers, Promotional Items, Radio Ads, Site Signs
Additional Services:Grand Opening, In-house Marketing, Online Extranet
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Not Applicable
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Headquarters4 Weeks
  

Email 		 
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Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:N/A
General Business Experience:N/A
Specific Industry Experience:N/A
Formal Education:N/A
Psychological Profile:N/A
Personal Interview(s):N/A

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:5 Year(s)
Term of Renewal Period:20 Year(s)
Passive Ownership:Not Allowed
Area Development Agreements?No
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   15
U.S.:Yes, All United States
Canada:No
Overseas:No
 
 
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