Poolwerx franchise finance

Learn how to apply for and finance a Poolwerx franchise.

Last updated:

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

  1. Register your interest online
  2. Complete your franchise application
  3. Take part in a video meeting
  4. Attend discovery day at Poolwerk training facility in Brisbane
  5. 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

Updated December 6th, 2019
Name Product Min. Loan Amount Max. Loan Amount Loan Term Upfront Fee Apply Now
3 months to 1 year
3% origination fee
An unsecured business loan up to $300,000 for eligible businesses. Businesses operating for a minimum of 6 months and having turnover of at least $10,000 a month can apply.
3 months to 2 years
3% origination fee
Small business loans are available from $5,000 - $300,000 on terms of up to 2 years.
Note: New loans settled by 31 December 2019 offer a 6 week repayment pause to use when they choose plus the chance to win $6,000. T&Cs apply, click "go to site" to view on Prospa site.
6 months to 2 years
2.5% origination fee
Apply for up to $250,000 and receive your approved funds in one business day. Minimum annual turnover of $100,000 and 1 year of trading history required.
3 to 18 months
2.5% establishment fee
Apply for up to $200,000 from Lumi and benefit from short loan terms, no early repayment fees and once approved receive your funds in just one business day.
6 months to 2 years
2% establishment fee
A flexible business loan up to $500,000 with convenient top up and redraw facilities. Business must have been operating for 9 months+ and have monthly sales of $10,000+.
6 months to 3 years
$0 application fee
A loan of up to $500,000 that can be approved and funded within 24 hours. Available to businesses with 6+ months operating history and $5,000+ monthly sales. Note: Get the chance to win $2,020 in a prize draw if you submit your application between 1 November 2019 and 30 January 2020.
3 months to 5 years
$0 application fee
A Business Lending Specialist from Valiant Finance can give you access to competitive business loans from over 70 lenders. Loans between $5,000 and $1 million are available. Request a call – your loan can be funded in 1 business day.
1 month to 1 year
$0 application fee
An unsecured business loan from $2,000 that offers convenient pre-approval and no early repayment fees.

Compare up to 4 providers

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site