There. Has. Got. To. Be. A. Better. Way. There is! Convert your existing remodeling business with a DreamMaker franchise
One of the hardest aspects in owning a business is knowing what systems are required to scale to the next level. If you are someone that is:
- Having trouble hiring the right employees
- Having trouble with lead generation
- Having trouble scaling your business
- Having trouble adapting your business with technology
- Struggling in sales
- Struggling in production
- Wants to do more types of remodeling
- Want more time to work on your business, instead of in your business
- Open to having a business coach
- Knowing when to profitably hire employees
Then consider meeting with us, hear what systems we have to offer and evaluate if it's what your business needs to scale. DreamMaker Bath & Kitchen has created a business model that includes extensive training, marketing support, tailored proprietary technology, group and one-on-one mentoring, and national vendor relationships, that has helped our franchisees earn stronger margins. Owner of DreamMaker of Southeast Florida, Ed Gribben mentions, “The support from DreamMaker starts with (DreamMaker President) Doug Dwyer and his commitment to treating people right, and it just telegraphs down to everyone. I’ve never heard them say ‘no, I can’t help you with that.’ They are always willing to help and willing to spend time to help me. They are methodical, and they are very supportive. You become part of a family with them. They are interested in your life, not just your royalty fee.” DreamMaker Bath & Kitchen is here to help you to take the next steps for your business.
The Start-up Costs
Item 7 - Your Estimated Initial Investment
(Conversions' initial investment fall more in the lower-end of the investment total, as start-ups initial franchise investment fall in the higher-end of the total investment )
Your Estimated Initial Investment table, is found under Item 7 of our Franchise Disclosure Document outlines the startup costs for a DreamMaker franchise. The estimated startup costs includes $18,000 to $91,500 that we suggest franchisees reserve for working capital, salary for part-time office manager and personal living expenses during their first six to 12 months in business. Not all franchise systems account for six to 12 months of personal living expenses and working capital expenses during the ramp-up phase when estimating startup costs, but they are important to consider so that you’ll be prepared ahead of time to effectively address reasonable cash flow in building your business once it is open.
As a previous remodeler, the total investment could range from $142,575 to $364,550. This range is dependent on how established your current business is. Do you have a store front, a truck/trailer/van that meets the company standards, the tools and equipment for projects, an office manager, etc? These are a few aspects that are considered in determining your initial investment.
Third-party financing is available so you won’t need to have all of this money up front. What you will need is a net worth of $350,000 to $400,000 and liquid capital (savings and checking accounts, retirement accounts, stocks, bonds, etc.) of $150,000. See the full initial investment breakdown from our 2020 FDD Item 7.
If you would like to learn more about our Investment Breakdown, fill out the form at the bottom of the page to gain access to our FIC pages.