Poolwerx franchise finance
Learn how to apply for and finance a Poolwerx franchise.
We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .
Poolwerx was founded in 1992 and is now the largest pool retail and maintenance business in Australia, with over 150 stores and over 500 mobile service units. If you're looking to own a Poolwerx franchise, find out how they work, how to apply and compare loans now.
How does a Poolwerx franchise work?
Poolwerx is a pool and spa maintenance business that operates using a franchise model, meaning potential business owners can purchase a Poolwerx franchise and run it as their own business.
You can choose to buy an existing Poolwerx franchise from another franchisee, open a new mobile franchise or even convert your existing pool business into a Poolwerx franchise. However, all franchise partners are expected to transition towards a retail store and also be personally involved in all aspects of the business.
You receive full training, including 40 hours of online tutorials as part of a Certificate III in Swimming Pool and Spa Maintenance. You will then complete three weeks of in-house training, followed by a 12-month Forming Good Habits program.
If you want to start a mobile Poolwerx franchise, you will need to use a Hyundai iLoad van.
How to apply
- Register your interest online
- Complete your franchise application
- Take part in a video meeting
- Attend discovery day at Poolwerk training facility in Brisbane
- Sign your disclosure document and conduct due diligence
How much does it cost?
A Poolwerx franchise can cost from $110,000 to more than $500,000, depending on the marketing area, location and size of the franchise.
You will need to pay an initial franchise fee to purchase a Poolwerx franchise and will then pay ongoing service and marketing fees based on your turnover.
How to finance a Poolwerx franchise
While Poolwerx has established relationships with a number of Australian banks, most franchisees will need to obtain a business loan themselves in order to finance the purchase. As a Poolwerx franchise is likely to cost upwards of $100,000, you may consider the following finance options:
Secured business loan. A secured business loan requires you to use an asset as security against the loan. This is generally a residential or commercial property, which the lender can take ownership of in the event you fail to repay your loan.
Unsecured business loan. Unlike a secured loan, an unsecured business loan does not require you to provide an asset as security. As the loan represents more risk to the lender, you are likely to receive a higher interest rate as well as smaller loan amounts.
Franchise loan. Some lenders may offer business loans specifically for franchise purchases. As a franchise business is generally a less risky prospect than a new business, lenders may be more likely to provide finance.
Compare franchise loans
More guides on finder
Brighte Personal Loan
Looking to renovate your home? Find out more about Brighte's personal loan for home improvements and ways in which it may be able to benefit you.
Free Loan Agreement Templates (Australia)
Learn how to write a loan agreement and find out where you can get free legal templates.
How will proposed “simpler credit” rules affect Australian borrowers?
The federal treasurer has announced plans to make it easier to get credit cards, home loans and personal loans. But it's borrower beware.
Where to buy inflatable spas online
Enjoy the luxury of a spa this summer without having to break the bank.
ebroker Business Loans review
Whatever your business loan requirement, ebroker may be able to help. With a range of loan options from over 70 bank and non-bank lenders compared on-site, could you find the right loan for your business?
Now Finance Secured Personal Loan review
Get rewarded for an excellent credit score with a Now Finance personalised rate secured personal loan. Rates vary between 5.95% p.a. and 15.45% p.a. Apply today.
nmoni personal loans review
nmoni is an Australian lender that offers personal loans to both good and bad credit applicants. Find out more about nmoni's rates, fees and features.
Plenti green loans
Becoming more energy efficient has a multitude of benefits for both the environment and your wallet. An added bonus is, you might be able to get a low-rate loan to help you. Find out more about Plenti's green loan here.
Plenti Car Loan
Plenti car loans offer competitive, personalised interest rates, as well as the choice to have your loan secured or unsecured. Find out more about Plenti's car loans here.
Plenti Personal Loans
Looking for a competitive rate? Plenti offers loans funded by investors with rates that are tailored to your personal circumstances.
Ask an Expert