DreamMaker Bath & Kitchen specializes in residential and commercial bathroom and kitchen remodeling, cabinet refacing, and mobility modifications. The franchise offers interior remodeling and related products.
Key Insights
- DreamMaker Bath & Kitchen grew from a fundamental commitment to solving real problems that affected both customers and service providers, developing systematic approaches that improve efficiency, enhance quality, and create positive outcomes for all stakeholders involved in the business relationship.
- Quality control systems ensure consistent results across all projects while adapting to unique specifications and client expectations, utilizing proven procedures and regular assessments that maintain high standards while accommodating individual needs and preferences.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of DreamMaker Bath & Kitchen 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 $235,075 - $507,231, along with a franchise fee of $48,000 - $75,600.
Financial Performance and Revenue
Yearly gross sales of $1,187,887 and estimated earnings of $166,305 - $213,820 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 2.5-4.5 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
DreamMaker Bath & Kitchen provides comprehensive initial training. This program, lasting two weeks, is conducted at their corporate headquarters. Franchisees also receive extensive operational and marketing resources. The franchisor offers ongoing support and access to a robust system for success.
Legal Considerations
Legal considerations for a DreamMaker Bath & Kitchen franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee may encounter local market competition from established remodelers and independent contractors. Operational complexity arises from managing multiple trades, project timelines, and customer expectations. Reliance on specific supply chains for materials and fixtures presents another consideration, potentially impacting project completion and budget adherence.
Franchise Datasheet
FAQs
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