Pinch A Penny Appoints Michael Arrowsmith Chief Development Officer Amid Ongoing Success And Growth
Industry Veteran to Expand Leading Swimming Pool Retail and Service Brand's Footprint Through Aggressive Franchise Development
CLEARWATER, Fla. - Nov. 6, 2018 // PRNewswire // - Pinch A Penny Pool Patio and Spa, the world's largest swimming pool retail, service, and repair franchise, announced today Michael Arrowsmith has joined the company as chief development officer. An industry veteran, Arrowsmith has spent his professional career growing franchise brands and will leverage his 25+ years of experience to spearhead Pinch A Penny's aggressive development efforts in key target markets, including Texas and Georgia, as well as drive new franchisee recruitment. Over the past several years, Pinch A Penny has experienced ongoing success, achieving eight consecutive years of same store sales growth and consistently outperforming competitors in the retail and service space. As a result of this impressive growth, the company is investing in its corporate leadership to accelerate this momentum and position the brand for further success.
"While the retail industry as a whole has experienced slowing sales, Pinch A Penny's consistent success reinforces the brand's position as an industry leader and one of the most sustainable business opportunities in the segment today. We know that an investment in our leadership is an investment in our future, and know that Michael's expertise will be a tremendous asset in helping us achieve our growth goals and taking the brand to new heights," said John Thomas, president and chief executive officer of Pinch A Penny Pool Patio and Spa.
Throughout his distinguished career, Arrowsmith has held senior level executive positions at several leading franchise brands, including Denny's, Gloria Jean's Coffee, Checkers & Rally's, and most recently serving as chief development officer of Captain D's. With more than 25 years of experience, his extensive understanding of the franchising industry has allowed him to achieve exceptional and sustained development and financial results for each company's franchise system. During his tenure with Captain D's, Michael reestablished the legacy brand's development organization and implemented growth strategies that resulted in the most successful period in the company's history, building a pipeline of more than 100 locations with consistent double-digit openings, as well as achieving a 225-percent increase in new store openings and six consecutive years of positive growth.
"Pinch A Penny's prosperity amid the changing retail landscape is clear evidence of the brand's remarkable influence in the space, and I'm excited to be joining one of the most established names in the industry today," said Michael Arrowsmith, chief development officer of Pinch A Penny Pool Patio and Spa. "The consistent success Pinch A Penny has achieved over the past several years coupled with my franchising experience will make an unstoppable force, and I look forward to tapping into the brand's unlimited potential as we implement new strategies to aggressively drive growth."
With more than 245 locations across the Southeastern U.S., Pinch A Penny Pool Patio and Spa offers customers a one-stop shop for all of their pool and spa supply needs with one of the most complete lines of pool chemicals, maintenance equipment, as well as parts and accessories available anywhere. In addition, Pinch A Penny stores carry games, toys, floats, grills and more.
Pinch A Penny is currently seeking qualified candidates to join its growing brand. The company currently has franchise opportunities available in key target markets throughout the Southeastern U.S., including Texas, Georgia, South Carolina, Alabama, Louisiana and Mississippi.
About Pinch A Penny Pool Patio and Spa
Founded in 1974, Pinch A Penny Pool Patio and Spa has grown from one store to more than 245 locations across the Southeastern U.S. Priding itself on its superior customer service and expertise, the brand ranked among the top in the Franchise Times Top 200+ list and in the Top 50 of FranchiseBusinessREVIEW's 2018 Franchisee Satisfaction Awards. Taking a family approach to business, Pinch A Penny provides its customers, franchisees and employees with all the necessary resources to carry on its tradition of quality, reliability and expertise in a fun, family-oriented atmosphere. For more information, visit www.PinchAPenny.com.
SOURCE Pinch A Penny Pool Patio and Spa
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