The biggest swimming pool repair, service and retail franchise business in the world, Pinch A Penny Pool Patio and Spa, just announced that Michael Arrowsmith is joining the company as its new chief development officer. A veteran in the retail space, Arrowsmith has grown many franchise brands and will use his more than two decades of experience to head the pool brand's aggressive development plan for key areas, including Georgia and Texas. This pool brand has been experiencing a success streak, hitting same-store sales growth for the last eight years in a row and outperforming the competition in the service and retail spaces. Thanks to this strong growth, the brand is looking to its corporate leadership to keep the momentum going and position the company for even more success.
Brand CEO and President John Thomas said that while the retail industry has hit a rough patch in sales, Pinch A Penny has seen consistent success and is now an industry leader. Bringing Arrowsmith on board is part of the brand's investment into its leadership, and the new CDO's expertise will help the company achieve its goals for growth.
Over the course of his impressive career, Arrowsmith has held senior executive positions at many top retail brands. With more than 25 years of experience in franchising, his thorough understanding of the franchise space has allowed Arrowsmith to deliver exceptional and sustained financial and development results to the brands he has been a part of.
The new CDO said that the pool brand's success against the backdrop of the retail landscape today demonstrates its strong influence in its space, and he added that he is thrilled to be joining one of the top names in the pool segment today.
With more than 245 stores across the southeast part of the US, Pinch a Penny gives customers a one-stop shop experience for all of their spa and pool supply needs. This growing brand is offering franchise opportunities in many key markets, including South Carolina, Alabama and Louisiana. The initial investment for one of these franchise opportunities ranges from $249,100 to $589,800.
