Pinch A Penny Pool Franchise Named a Top Recession-Proof Business by Franchise Business Review
Independent Research Data Shows Franchisees Are Highly Satisfied with Their Investment in Pinch A Penny
April 29, 2022 // Franchising.com // Clearwater, FL - For the second year in a row, Pinch A Penny was named a top franchise by Franchise Business Review in its report on the Top Recession-Proof Franchises for 2022.
Pinch A Penny is the top pool supply store in the country, providing customers with a complete line of best-in-class pool chemicals, equipment, repair parts, and accessories. In addition to pool supply retail, Pinch A Penny offers ongoing maintenance and repair services, like water testing and pool service, as well as pool renovations, pressure washing, landscape lighting and more.
Pinch A Penny has developed a reputation for delivering best-in-class customer service and expertise in pool care while offering the highest quality in products and supplies. Additionally, with most franchisees offering other backyard services like pool renovations, pressure washing and landscape lighting, Pinch A Penny provides customers with a one-stop-shop for all their pool and backyard needs.
Franchise Business Review (FBR) provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. FBR publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in quarterly reports throughout the year that rank the top franchises in specific sectors.
More than 32,000 franchisees representing over 300 franchise brands participated in Franchise Business Review’s franchisee satisfaction survey over 18 months. From the research, Pinch A Penny was one of just 100 franchise brands to be identified as a Top Recession-Proof Franchise award winner and be featured on the list of the best recession-proof businesses to start.
Pinch A Penny’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training and support, operations, franchisor/franchisee relations, and financial opportunity.
Earlier this year, Pinch A Penny ranked #17 overall Franchise Business Review’s overall satisfaction, #3 among large franchises (150-324 units) and the top among home service franchises. The survey data for Pinch A Penny showed the following:
- 96 percent of franchisees rate the ongoing training & support above average, 29% higher than the overall industry benchmark.
- 99 percent of franchisees are likely to recommend the franchise to others
Marketing & Promotions was rated 42 percent higher than the industry average with 96 percent of franchisees rating it above average.
“Being named a top recession-proof business by Franchise Business Review is another validation of the consistently strong market in which Pinch A Penny operates,” said Pinch A Penny CEO, Jim Eisch. “There is a constant need for pool supplies, equipment and maintenance and repair work. Additional services such as pool renovations and landscape lighting help strengthen our business model and provide multiple revenue opportunities for our franchisees regardless of the current market conditions.”
“While no business is 100% recession-proof, these franchise businesses have demonstrated that they are highly recession-resistant based on historical performance,” said Eric Stites, CEO of Franchise Business Review. “For people seeking to be their own boss, the Top 100 Recession-Proof businesses we identified this year not only have outstanding satisfaction among their owners - one of the most important factors to consider before investing in any franchise opportunity - but they have performed well in good times and bad and we feel they hold a strong advantage to outperform their competitors in the years ahead.”
SOURCE Pinch A Penny Pool Patio Spa
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