Where Do You Go From Here?
Buying a franchise business is a big decision, but so is welcoming someone into a franchise family! That’s why DreamMaker wants you to ask a lot of questions, and why we’ll ask you a lot of questions, as we explore whether we’re a great fit for one another.
Tracy Moore, who co-owns the DreamMaker in Winston-Salem, NC, described the process this way: “Even as we interviewed them to see if it was the right fit, we could tell they were interviewing us, too. They asked at the end of every meeting how we felt and if we wanted to continue. It was never pushy. It was people talking about something they felt would be mutually beneficial.”
Our mutual evaluation process takes a total of about ten weeks. Once you fill out a form on our website, you'll immediately receive a flyer via email and a franchise recruiter will reach out for an initial call to discuss basics about the company.
A faith-based franchise with a vision and a mission
Our Vision Statement:
To serve and enrich peoples’ lives with dignity, excellence, humility and respect, while encouraging and inspiring others to do the same.
Our Corporate Mission:
To glorify God; in all that we do.
To be faithful stewards; of all the resources entrusted to us: time, talent, treasures. This includes making a profit.
To positively impact lives; to teach our principles and systems of personal and business success so that all people we touch live happier, more successful lives.
What can you expect while we get to know each other?
1. Goals, Overview & Decision Criteria
During the initial call, we ask about your business goals as well as your objectives for your personal life. DreamMaker and our franchisees are in business to make a profit, and that profit has a purpose: to provide a better quality of life for you and your family.
2. DreamMaker Brand Review
This is your opportunity to get a more detailed look into DreamMaker's mission, culture and unique value proposition. DreamMaker will host 1-2 webinars so you can learn more about the business model, and how it works for our franchise owners. You might have many questions during this step, and we are here to address any questions you may have. After the DreamMaker brand review, you will be asked to complete a Request for Consideration so we can continue the mutual evaluation together.
3. Complete Request for Consideration (RFC)
The confidential and non-binding "Request for Consideration" demonstrates to DreamMaker that you are serious about exploring the franchise opportunity. There is no obligation or commitment to invest at this point. We will ask you to complete a request for consideration that helps us continue to grow deeper together. Before moving into the action plan and funding process, you will also meet our President & Chief Stewarding Officer, Doug Dwyer, for a President's Q & A call. This call is scheduled so you have the opportunity to ask Doug any questions you may have about the business opportunity.
4. Action Plan & Funding Process
During this time, you and our Franchise Recruiter will create a plan to take the next steps to starting your own DreamMaker Bath & Kitchen franchise, whether that is starting from the beginning or converting your existing remodeling company. Also, DreamMaker has small-business lender relationships in place and can help you understand the funding environment, what to expect in funding your business and the different options that could be available.
5. Franchise Disclosure Document (FDD) Review
During this step, you’ll have the opportunity to go through the Franchise Disclosure Document (FDD). Your franchise recruiter will guide you on how to read the FDD what the different sections mean. If you have any questions or concerns about the information provided in the FDD, we are here to assist you in any way we can. Our FDD provides contact information for our current franchisees. If you would like to hear from business owners, this is the time that we encourage you to get in touch with several different DreamMaker owners. This is an opportunity for you to get a fuller sense of what it’s like to own one of our franchises. There are specific questions they’ll be able to answer that we’re precluded from sharing — especially about the bottom-line results of specific locations.
6. Meet Us at Discovery Day
If it continues to look like a good fit, we would invite you to visit our company headquarters in Waco, TX for a Discovery Day. Due to COVID-19, we are hosting Virtual Discovery Days until further notice. During our day together, you will meet with members of the DreamMaker Leadership Team to learn how you will be supported by various departments such as Franchise Coaching, Marketing and Technology. This is your opportunity to immerse yourself in the DreamMaker culture and ask the tough questions so you can learn the ways we can support your dream of business ownership. Spouses and partners are welcome!
7. Final Franchisee & Financial Validation
After we have had the opportunity to meet each other face to face at Discovery Day, members of the DreamMaker Leadership Team will review all of your application details and make a final decision on awarding you a DreamMaker franchise. This will also be an opportunity to send in any outstanding information we need to consider you as a DreamMaker franchisee if you haven't already done so. Once we have established that DreamMaker is a good fit for you and vice versa, an offer letter to owning a DreamMaker franchise will be extended to you.
8. Sign Franchise Agreement
Congratulations! You have completed the discovery process and are now a member of the DreamMaker Family. Upon receipt of your signed franchise agreement, we will schedule a hand-off call with onboarding. You will be guided by your dedicated franchise coach and marketing coach through three phases of onboarding training to ensure you have a successful launch.
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Want to learn more about what we have to offer once you own a DreamMaker Bath & Kitchen? Fill out the form below to gain access to our FIC Pages.