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Updated RecentlyPinch A Penny vs HMI Concrete raising Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Pinch A Penny vs HMI Concrete raising including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $289,375 - $411,200 | $50,000 |
| Franchise Fee | $50,000 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | 4% | - |
| Year Founded | 1975 | 1974 |
| Year Franchised | 1976 | 1974 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | On-The-Job Training: 70 hours Classroom Training: 100 hours | - |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | - | - |
| International Expansion | - | Yes |
Company Overviews
About Pinch A Penny
Pinch A Penny strives to be unrivaled in providing value, quality and service to their customers. Perhaps that's why they're now 230 stores strong and growing. But they'd also like to think it's because their swimming pool expertise is something clients can count on to keep their pool and spa its healthiest and their client's family it's happiest. In fact, Pinch A Penny stores are all staffed with fully-trained people. They have more Certified Pool Operators than any other company and their continuing education programs are unparalleled. Since opening its first store in 1975, Pinch A Penny has become the largest franchised retail pool, patio and spa company.
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In Franchise Business Reviews' Top 200.
#26 in Gator's Top franchises.
#150 in Franchise 500 for 2020.
#254 in Franchise 500 for 2021.
About HMI Concrete raising
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HMI began as RaiseRite Concrete Lifting, Inc. in 1974. At that time, the
only slab raising pumps on the market were mechanical pumps designed in
the 1950’s, and needless to say, innovation wasn’t a descriptive word
for our industry.
Innovation and meeting customers’ expectations has driven us to become a world
leading manufacturer of concrete raising equipment and materials.
Through our history, we have led the concrete raising industry by
developing and introducing self-propulsion, radio remote control,
increased pumping speeds, and other improvements to our equipment to
meet the concrete raising industry’s needs.