Remodeling franchise forecasts single to double-digit revenue growth for 2014, similar performance for 2015
DreamMaker remodeling franchise owners are on pace to finish 2014 with single-to-double-digit average revenue growth — a sales increase that comes on top of the 23 percent average revenue growth franchisees experienced in 2013.
And we forecast more of the same for 2015 based on the amount of inquiries franchisees are receiving from customers.
“Our sales pipelines are at a peak,” President Doug Dwyer says. “More customers are looking to remodel their homes, and homeowners have bigger budgets for their remodeling projects.”
DreamMaker provides franchisees proprietary technologies and systems, as well as coaching to help them build and improve their businesses. Our franchisees are regularly named to Remodeling magazine’s Big50 list of top remodeling businesses nationwide.
“We receive excellent business coaching, and they are continually looking at new ideas and improving systems,” says Patty Gray, who owns DreamMaker Bath & Kitchen of Bakersfield, California, with her husband, Everett. They were named to the Big50 list in 2014. “They work hard, and they have put us on the national map. They deserve a lot of credit. I don’t think we’d ever have been part of the Remodeling Big50 if not for us being part of that national network. It’s a wonderful organization.”
Remodel franchise harnesses real estate rebound
Revenue growth for DreamMaker franchisees has been helped by a recovering housing market. RealtyTrac reports that September median home prices increased 15 percent from a year before — the largest year-over-year home price increase since October 2005. Rising home prices have increased home equity for homeowners, making it easier for them to get loans for remodeling projects, and also giving them the confidence to invest in their homes. At the same time, our corporate office has built relationships with lenders that offer a range of consumer financing options. Those lender relationships have helped franchisees win contracts.
DreamMaker’s 23 percent revenue growth in 2013 was more than seven times faster than the industry overall, which grew 3.2 percent in 2013, according to the U.S. Census Bureau. Harvard’s Joint Center for Housing Studies projects that the growth of remodeling spending has been in the mid-single digits so far this year, and our internal numbers indicate that we will likely outpace the market again in 2014.
To learn more about the DreamMaker remodeling franchise, fill out a form to download our free franchise report and start a conversation. We look forward to meeting you!