POOLWERX ACHIEVES MOST SUCCESSFUL FINANCIAL YEAR ON RECORD !
In extremely heartening news for Australasia’s largest pool and spa maintenance Poolwerx, the business has announced its most successful financial results of its 29-year history.
Despite the testing retail environment, turnover was 10 per cent above forecast for FY21, with Poolwerx’ 124 retail stores performing particularly well, recording a sales uplift of 12 per cent year on year.
Overall, the business saw nine per cent growth year on year with a total of five new retail stores opening across NSW, WA and QLD and a further five independent stores acquired under the Poolwerx brand.
The strong FY21 results reflect a surge of Australians investing in their own backyards whilst affected by the pandemic, generating a home servicing industry boom. Poolwerx Chief Operating Officer, Nic Brill said the COVID-fuelled growth in home services had seen the brand’s recession-resilient franchise
“With people spending more time at home than ever before, we saw our client’s priorities shift towards investing in their homes and backyards,” said Mr Brill.
“The broader pool industry were the recipients of this home cocooning trend throughout 2020 and into 2021, and it’s great to see our network of small family businesses generate incredible results and come out on top in these uncertain times.
“We have also invested in providing increased support mechanisms for our franchise partners, such as additional training, new product offerings and enhancing our systems and process to help franchise partners throughout the pandemic and these will remain in place moving forward.”