Business Description

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

Franchisor Background

Year Established:  1974

Franchising Since:  1976

Operating Units:
Franchised Units:	175	98.9%
Company-Owned Units:	2	1.1%
Total Operating Units:	177	100.0%
Geographic Distribution: U.S.: 177 100% In 4 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 177 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. Alabama	2
2. Florida	174
3. Georgia	1

Registered in Following Registration States: Florida

Financial Requirements

Investment:
Minimum Net Worth:	$250K
Cash Investment:	$150-350K
Total Investment:	$100-600K
Average Total Investment:	$350K
Fees:
Initial Franchise Fee:	$30K
Average Franchise Fee:	$30K
On-Going Royalty:	6%
Average Royalty:	6%
Advertising Fee:	4%

Average Number of Employees: , 0 Part-time

Space Needs (in square footage): 1,500-3,500

Preferred Sites: Strip Center

Other Sites:

Encourage Conversions? No

Earnings Claims Provided?: Yes

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
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
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. Headquarters	4 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 15 U.S.: Yes, All United States Canada: No Overseas: No	Request Franchisor Info   Submit an online form to receive information from Pinch-A-Penny.   •  Promotional Items