Big opportunities in Little Rock as remodeling business looks to expand into the market
Opportunity’s knocking in Little Rock, Arkansas, as DreamMaker Bath & Kitchen is looking for a franchisee to join a rapidly growing company in a market that’s ripe with potential.
Little Rock is the perfect place for a new DreamMaker franchisee. Home values have been rising in the area, with the median sale price increasing to $187,500, a jump of 8.3 percent between June 2015 and June 2016, according to real estate company Trulia. This is great news for those who want to own and run their own remodeling business, as these rising prices mean customers can tap into home equity as a way to pay for the remodeling and the projects keep the resale value of their homes high when they look to sell.
Another great indicator for the remodeling industry: the median age of homes is 36 with few new homes being built, according to Bestplaces.net, meaning that these homes are in prime position for remodeling.
Why choose DreamMaker?
Those numbers make a strong case for Little Rock, but why should potential franchisees go with DreamMaker?
It comes down to our strong, systematic approach to remodeling projects, our Code of ValuesTM and the power of being part of a team, all of which have helped DreamMaker franchisees earn the trust of customers.
DreamMaker’s systems and support have proven their worth for franchisees by helping them greatly outperform the industry as a whole. While the remodeling industry has grown 17.2 percent from 2011 to 2015, according to the Harvard Joint Center for Housing Studies, DreamMaker average franchise sales shot up 68 percent.
“DreamMaker has mapped out the remodeling process to help our franchisees run their business and manage their teams more efficiently,” says President Doug Dwyer. “That allows franchisees to spend more of their time listening to customers and understanding the transformation they seek for their homes, and the ways they hope to improve their lives through their remodeling projects. The level of care, organization and communication that our franchisees are able to provide customers is what sets us apart, and that’s what has propelled our growth.”
The Code of Values™ informs the way DreamMaker franchisees treat customers and the way that we treat franchisees. Our sense of purpose and culture are centered around them, and customers notice and appreciate that approach, to the point where our franchisees list it as one of the top reasons customers choose DreamMaker.
Customers also love our exceptional service, which is made possible by maintaining strong margins. We generate strong margins several ways:
- We pool the buying power of franchisees nationwide to negotiate bulk pricing with vendors, which helps us provide great products while maintaining margins on the items we provide to customers.
- We provide detailed systems for estimating the cost of remodeling projects, which helps remodelers price jobs appropriately and not underestimate the expenses of delivering a high quality remodel.
- We provide tools to help your team manage their team efficiently — such as detailed planning for all phases of a remodel so there are fewer surprises and extra trips to hardware suppliers), and to reward carpenters who complete jobs on time or ahead of schedule, which helps improve the speed of job completion (improving your capacity to take on more work), and also eliminates expensive downtime.
- We help remodelers create a marketing plan that helps them win jobs on the basis of service and value — not just the lowest price. In fact, our pricing is often higher than average in the markets we serve — but customers are happy to pay for additional design, guidance, communication, and better execution.
The strong margins that our systems make attainable have a dramatic impact on a remodeling business. DreamMaker franchisees can use those margins to hire great carpenters and sales people, which allows them to concentrate on managing their business and achieving scale. They don’t have to do everything themselves. They have a team in their local business, and they have a support team works with franchisees nationwide.
Who we’re seeking
We work hard through our conversations with franchise candidates to make sure we have the ability to help you achieve the goals you have for your life and business, and that you will be a good fit for our culture and systems. Great partnerships are a blessing, and these are the seven things we look for when we evaluate a potential DreamMaker owner:
Drive. You must be motivated to succeed. DreamMaker can provide you with well-crafted systems, but it will be up to you to build your business.
Heart. We want people who value others enough not to trample them in their rush to success. We look for people who want to build a better community, and who want to succeed by helping others — employees, customers and their community.
Focus. Businesses have many moving parts, and it’s important to set goals and use benchmarks to help you achieve.
Coachability. Entrepreneurs often seek novel ways of tackling business challenges. We respect that, and the problem-solving skills of franchisees have helped DreamMaker flourish — but at the same time, it’s important to be able to step back, absorb and implement the lessons that DreamMaker has already learned and is eager to pass on.
Smarts & Willingness to follow systems. You must be smart yet not a rocket scientist to follow and implement the DreamMaker systems. They have been honed for more than a decade to help you achieve your goals.
Values. We look for people who have integrity, respect others and are focused on improving lives for others. Our Code of Values™ are supported by time-tested biblical principles and are foundational to DreamMaker’s culture.
Support at home. We want to make sure your loved ones are behind you so you will have the support you need as you either transition or start and grow your business.
Own a DreamMaker remodeling franchise
To learn more about the DreamMaker remodeling franchise and read interviews with DreamMaker franchisees, visit our blog. To learn even more, fill out a form to download our free franchise report and start a conversation. We look forward to hearing from you!