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Imported item 15

1. Franchise Snapshot

Why this franchise?
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Franchise Status
Active
Basic Information
Industry
Home Services
Category
Specialized Repair; Interior Remodeling
Investment Range
$222,860 - $466,835
Total US Locations
42
Franchise Units
42
Founding Year
1975
Started Offering Franchises
1996
Management Capacity
Owner Operator
Job Count
9
Prior E2 Investors?
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Prior Visa Franchise Clients?
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Royalty Fee
5%
Marketing Fee
2%
Franchise Fee
$57,500
Headquarters (City, State)
Waco, TX
Square Footage
N/A - N/A
Retail Location?
No
Agreement Term Length
10 years
Video

In these videos you will learn about the company firsthand. And they will also tell you in a short form about the financing of the enterprise.

2. Franchise Overview

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Overview

DreamMaker Bath & Kitchen of Waco is a full-service interior home improvement company that specializes in bathroom and kitchen remodeling for homeowners. They believe their remodeling projects do more for their customers than simply improve the look of their homes. Their work enhances our customers’ lives by providing them with a home that’s more comfortable and better suited to their functional needs both now and for many years to comeWhen it comes to their bathroom remodel and design services, DreamMaker offers tub-to-shower conversions, tub replacements, walk-in tub installations, shower replacements and more. They also can update sinks, countertops, vanities, cabinets, lighting fixtures, flooring, accent tiles and any other aspect of the bathroom. Some of the kitchen renovation products they offer and install include stainless steel appliances, pull-out and soft-close drawers, tile backsplashes, built-in wine racks, breakfast bars, floor-to-ceiling pantries, recess and hanging lights, wood and tile flooring, countertops and much more. They also specialize in cabinet refacing and new kitchen cabinet installationIn addition to bathroom and kitchen remodels, DreamMaker also offers a variety of other interior home remodeling services. Their team of home improvement experts can help update utility closets, fireplaces, hallways, home offices, living rooms, entertainment centers, decks or even complete interior whole-house remodels. If a client is looking to create a more inviting den/entryway, an outdoor-accessible sunroom or a storage-savvy laundry room, DreamMaker aims to make home remodeling dreams come true.

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Management team / founders

DreamMaker Bath & Kitchen has evolved a great deal since it began. The kitchen remodeling franchise company’s roots can be traced back to the 1970s when GNU Corporation developed a system to put a beautiful new hard-surface topcoat on porcelain bathtubs and sinks. In 1988, the company became part of The Dwyer Group and was renamedDoug Dwyer is president and chief stewarding officer of DreamMaker Bath & Kitchen and has led the company since 1997. He purchased DreamMaker in 2003 from Theresa Dwyer. His management expertise includes overseeing operations, franchise development and support, marketing development, national accounts and warehousingUnder Doug’s leadership, DreamMaker has vastly expanded its services, moving beyond resurfacing and refinishing to become a full-service interior remodeling company focused on improving lives through excellent design of bathrooms and kitchens. In 2014 the company celebrated 15 years since the historical name change to DreamMaker Bath & Kitchen and offering full service interior remodeling specializing in kitchens and baths.

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Focus of owner for daily business operations

As a DreamMaker operator, the main facets of the business entail: 1. Hiring and managing of business staff; 2. Gaining customers in the market through local marketing efforts within the community; 3. Following the proven systems and work with the franchisor on improving the business

3. Performance & Metrics

Franchisor Fees | Item 6
Franchise Value
Industry Median
All Franchises Median
Royalty Fee
5%
6%
6%
Marketing Fee
Franchise Fee
$57,500
Total Investment Cost | Item 7
Type of Expenditure
Low Amount
High Amount
When due
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$5,599
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
$5,599
$2,414
Outlets and Franchisee Information | Item 20
Outlet type
Year
Outlets at the start of the year
Outlets at the end of the year
Net change
2021
+9
34
43
Franchised
2022
43
43
0
2023
43
42
0
2021
0
0
0
Company-Owned
2022
0
0
0
2023
0
0
0
2021
34
43
+9
2022
43
42
-1
2023
42
42
0
Total Outlets
Net Unit Growth (Recent year)
Net Unit Growth (Recent year)
Franchise Health Metrics
Franchise Value
Growth Rate
1 year / 3 years
Failure Rate
1 year / 3 years
Franchise for Sale Rate
1 year / 3 years
0
0
0
0
0
0
0
0
Franchise Health Metrics
Franchise Historical Loan Metrics
10 Year Cumulative Charge Offs by $ of Loans
0%
10 Year Cumulative Defaults
10,00%
3 Year Predicted Default Rate
4,44%
*Please note the information provided here is sourced from Lumos. We do not guarantee its accuracy or completeness. For verification, please refer to Lumos directly.
Item 19 – Financial Performance Representations
Historical financial performance representations
Franchise Financials
Historical financial performance representations
Litigation & Bankruptcies
% of Franchisees Undergoing Litigation
0
% of Franchisees with Completed Litigation
0
Number of Bankruptcies Disclosed
0
*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.

4. Our Take

*The litigation information displayed has been reviewed by our Product Development team. Franchises featured on this platform have been thoroughly assessed. However, Visa Franchise strongly recommends consulting with your own legal counsel for further guidance.