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Highly Profitable Pinch A Penny Franchise For Sale

North Palm Beach, Florida, US
Asking Price:
$695,000 Furniture / Fixtures included
Sales Revenue:
$1,173,664
Cash Flow:
$256,817

Unbelievable Growth Potential Awaits New Owner!

First time ever! This store accomplished what no other has....nearly 1.2 million in 2020 sales with only a retail staff! Imagine the start of pool cleaning with thousands of pool accounts in your immediate territory! There is absolutely no reason this location cannot be a 2 MILLION DOLLAR OPERATION within 3 years!! One of the finest looking stores in South Florida. Located in Palm Beach, one of the most sought after areas to live in the entire country! Coming off their record sales in 2020, this store is a true asset to the franchise chain!

Property Information

Real Estate:

Lease

Leasehold Rent:

5,858 / Month per annum

Premises Details:

Well maintained and a very attractive showroom awaits the customers that complete over 20,000 transactions at this site annually! At 2,550 sq ft, this location provides the ideal size for future growth. A tremendous lease is firmly in place. Long term into the next decade with only 2% annual increases. Will not find anything better than this!!

Business Operation

Expansion Potential:

If there was ever a Pinch A Penny store that had enormous upside....you found it!! Although they are coming off a record year, the future is brighter than ever! Pool cleaning needs to be started immediately! Thousands of dollars are left on the table each year this segment remains absent from this business.

Competition / Market:

Pinch A Penny the franchisor, continues to raise the bar in the swimming pool industry year after year. Not only have they been #1 for many years, they continue to distant themselves from any perceived #2. They can make a claim nobody else can...no store has closed in Florida since their inception in 1975!!!

Reasons for selling:

Sellers are relocating.

Employees:
2 FT/2 PT
Years established:
1980

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Support & training:

It is vitally important to the franchisor that they provide the necessary support and training to all incoming franchisees. This has proven to be successful with the Pinch A Penny owners. Beginning with their 4 week training class along with the training from the previous owner, new owners are able to take over the operation with the confidence needed to prosper in their new venture.

Furniture / Fixtures value:
$75,000 - included in the asking price
Inventory / Stock value:
$60,000
Related Documents:

Contact Sufka Mergers & Acquisitions

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