DreamMaker Remodeling Franchise Makes Franchise Times 500 List
The DreamMaker Franchise Times Includes DreamMaker on List of Most Successful Franchise Systems
WACO, TX - (Marketwired - Dec 3, 2014) - DreamMaker Bath & Kitchen has made the 2014 Franchise Times list of top-performing franchise systems. It's the only full-service remodeling franchise to make the list, which is based on total systemwide revenue for franchise companies in 2013.
The average revenue for DreamMaker remodeling franchise owners increased more than 23 percent in 2013, and the company reports that it is on pace for near-double-digit growth in 2014, too.
"This is tremendous recognition and reflects all the hard work of our franchisees, as well as the effort of our headquarters staff, which has developed many new systems that franchisees have been able to use to grow their businesses," DreamMaker President Doug Dwyer said.
DreamMaker franchisees have been dramatically outgrowing the industry. The more than 23 percent increase in average franchisee revenue in 2013 was seven times greater than the growth of the remodeling industry overall, which was 3.1 percent, according to the U.S. Census Bureau.
DreamMaker stands out from many on the list
DreamMaker's status as the only full-service remodeler to make the list is not the only way in which the company stands out.
Franchise Times notes that most of the companies on this year's list are either publicly traded or owned by private equity groups. What do both of those groups have in common? Stockholders tend to focus obsessively on quarterly results for the franchisor, and "investment groups are itchy for growth and have to sell within a few years, putting pressure on the companies to add units," Franchise Times writes.
The DreamMaker franchise system is privately owned by Dwyer, which gives him the freedom to take a long-term view of developing value for franchisees. In fact, DreamMaker put a halt to franchise sales during the recent recession, instead focusing all its efforts on supporting franchisees and building new systems to help them navigate the double-whammy of a broad-based recession and a temporary collapse of home prices. It wasn't easy for remodelers to keep their doors open during the recession, and earning customers while maintaining profit margins was a challenge. Dwyer says refining systems has helped power DreamMaker's growth during the housing recovery.
"The lessons we learned, and the additional support and tools that we developed, are going to be powering growth for years," he said.
To learn more, visit www.dreammakerfranchise.com.
SOURCE The DreamMaker