Premier Pools & Spa is a business that specializes in the construction and remodeling of swimming pools and spas. The franchise provides sales and project supervision for building custom pools and spas for residential and commercial clients.
Key Insights
- Premier Pools & Spas has a long-standing presence in the pool building and service sector, evolving from its initial beginnings to establish a significant footprint across numerous markets. The business focuses on providing a comprehensive range of services from design and construction to renovation and maintenance for residential and commercial clients.
- The franchise operates through a network of independent owners who leverage established operational systems and brand recognition. Franchisees receive support in areas such as marketing, training, and procurement, enabling them to manage their local operations effectively while adhering to the brand's standards.
- The pool and spa industry encompasses the creation, upkeep, and enhancement of aquatic features for leisure and recreation. It involves a variety of construction methods, materials, and technologies aimed at delivering custom solutions for diverse client needs.
Franchise Fee and Costs to Open
Exploring the financial picture of Premier Pools & Spa gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $58,950 - $119,000, along with a franchise fee of $45,000 - $45,000.
Financial Performance and Revenue
Yearly gross sales of $2,528,852 and estimated earnings of $354,040 - $455,194 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 0.7-2.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Premier Pools & Spa provides comprehensive training for new franchisees. Initial training is a duration of two weeks and is conducted at Premier Pools & Spa headquarters. The franchisor offers a robust support system, including operational guidance and marketing resources. They also provide access to a network of experienced franchisees. Premier Pools & Spa recommends utilizing these resources for a strong launch.
Legal Considerations
Legal considerations for a Premier Pools & Spa franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might encounter considerations regarding local market saturation from established pool builders. Managing the operational complexity of pool construction and maintenance requires efficient labor and project management. Furthermore, reliance on specific suppliers for materials and equipment can present challenges if those supply chains face disruptions.
Franchise Datasheet
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