DreamMaker Remodeling Franchise Available in Little Rock
DreamMaker Bath & Kitchen remodeling franchise expands to meet demand in Arkansas
The DreamMaker Bath & Kitchen remodeling franchise is booming. Average franchisee revenue was up more than 23 percent in 2013, and average revenue was up double digits again in 2014. DreamMaker franchisees have been able to leverage the technical, coaching, and marketing strengths of the brand to take full advantage of the strengthening housing market and the growing demand for remodeling.
We are currently seeking franchisees in Little Rock, Arkansas — a very strong real estate market. According to FortuneBuilders, the average home value climbed 6 percent from 2013 to 2014. Increasing home prices boost the remodeling industry in two big ways: customers can tap into home equity to pay for desired upgrades, and remodeling projects deliver more value upon resale.
Little Rock is a strong remodeling market based on another fundamental metric in the remodeling business — its housing stock is hitting peak remodeling years. The 2010-12 American Community Survey reports that around half of the housing units in Little Rock were built before the 1980s. The same research group also reports that the median age of housing stock in Arkansas is 30 to 39 years. This is important because remodeling needs hit a peak when homes hit 25 to 35 years old, and the need generally stays high thereafter.
So why start a DreamMaker remodeling franchise?
Demand for remodeling is growing, and many entrepreneurs who are drawn to construction, real estate, or design are looking for ways to start a remodeling business in Little Rock and other parts of the country. Remodeling is an exciting business. It allows you to transform customers’ lives by improving the look and function of their homes, to engage your mind in problem-solving, and to show your creativity and craftsmanship through great design and execution.
It can be a tricky business, too. Many remodelers struggle to juggle the myriad duties that go into running and growing a strong remodeling business. Though homeowners trade “remodeling nightmare” stories, those bad experiences usually don’t happen because of remodelers who are bad people. Delays and mistakes muck up the process of serving customers, and remodelers underbid each other to win jobs — which unintentionally strips away the margins they need to keep their businesses strong and their customer service levels high.
DreamMaker Bath & Kitchen can help you start a remodeling business in Little Rock and give you advantages that help you avoid pitfalls and take full advantage of growth opportunities. We are a nationwide franchise system that is headquartered in Waco, Texas, and we have been helping remodelers start new businesses and improve existing businesses for more than 15 years. We were recently named to the 2015 Franchise Times list of top-performing franchise systems, and we were the only full-service remodeling franchise to make the list. Our concept is designed to start with the kitchen and bath, yet it has the ability to handle additional projects as a franchisee’s confidence builds to maximize marketing dollars and develop lifetime customers.
Meet DreamMaker franchisee Steve Betts
Steve Betts was a banker before he became a remodeler; he made the switch in 2006 and says it was a great career move. He owns DreamMaker Bath & Kitchen locations in Lubbock and Amarillo, Texas, and was working for a family-owned bank when he learned about DreamMaker. Steve helped the bank manage properties, so he knew about hiring and managing contractors. He was handy, sure, but he had never been a professional builder or remodeler. So what convinced him to start a remodeling franchise?
“I always wanted to own my own business. Over the last year or two I was at the bank, I worked with the person who had the DreamMaker franchise in Amarillo. He told me he loved DreamMaker, that it had transformed the way he did business, and he was making good money doing it.”
After a tough few years during the recession, Steve’s business turned a corner in 2013 and began to grow very quickly. “It blew past my long-term goals for what I hoped the business would do,” he says. You can read a profile of Steve here.
What makes DreamMaker different?
DreamMaker Bath & Kitchen works to help franchisees achieve strong margins and quality of life. Strong margins allow remodeling business owners to hire great help — carpenters, salespeople, designers, office staff — which allows them to run the business while working reasonable hours, not the 70- to 80-hour weeks that are typical in the industry. Typical gross profit margins (before fixed cost) are 20 percent; DreamMaker franchisees had average margins of more than 40 percent in 2013.
DreamMaker offers extensive systems, coaching, vendor relationships, and tactical support to help remodeling company owners grow and manage their businesses. We support franchisees nationwide, but as a Texas-based franchise system, we’re right in your backyard.
DreamMaker is guided by our Code of Values, which lays out a philosophy for running a meaningful and honorable business. The values — and our efforts to live by them — have helped attract quality franchisees, quality employees, and wonderful customers.
Who we’re seeking
We work hard through our conversations with franchise candidates to make sure we will be able 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. We’re here to help, but the fire to succeed needs to come from you.
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 already has learned and is eager to pass on.
Willingness to follow systems. DreamMaker’s systems have been honed for decades to help you achieve your goals. There is no need to reinvent the wheel — that only delays success.
Values. We look for people who have integrity, respect others and are focused on improving lives for others. Our Code of Values™ is 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 start and begin to grow your business.
Fill out a form to download our free franchise report
DreamMaker’s free franchise report includes:
- Details about startup costs and financial performance
- An in-depth look at the business model
- Management team bios
- DreamMaker’s history
- Industry projections
- Stories and comments from DreamMaker remodeling franchise owners
Header Photo Credit: Cliff, “Downtown Little Rock,” –flickr creative commons