Pinch A Penny Pool Patio and Spa, a swimming pool retail, service and repair franchise, has added its fourth Texas location in Cypress. It opened three franchises in 2016.
“Texas’s large population of pool owners combined with its ideal climate for poolside living makes Pinch A Penny a strong investment opportunity for entrepreneurs and provides strong potential for growth,” says John Thomas, CEO of Pinch A Penny Pool Patio and Spa. “We’re thrilled to open our fourth franchise location in Cypress and plan to continue expanding our brand presence across the state.”
The Cypress location is owned and operated by Mari and Miguel Escobar.
“After 35 years of corporate life, I was finally ready to become my own boss,” says Miguel Escobar. “After visiting Pinch A Penny’s corporate offices, I was able to see that the organization has all the necessary processes in place for maintaining quality, training, production, delivery and support while still managing to instill a family-owned business approach.”
Pinch A Penny plans to aggressively continue adding locations across Texas, focusing on key markets such as Austin, Brownsville, College Station, Corpus Christie, Dallas-Forth Worth, El Paso and San Antonio. Pinch A Penny has more than 230 locations across the Southeast.
People interested in opening a franchise should have a minimum net worth of $125,000 and liquid assets of at least $50,000 per unit. Depending on the real estate site selected, franchisees can expect the total investment to be approximately $249,100 to $589,800 with an initial franchise fee of up to $50,000 depending on the business format. Pinch A Penny offers reduced franchise fees to veterans who received an honorable discharge.
