DreamMaker Bath & Kitchen Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$235,075 - $507,231
Franchise Fee
$22,800
Total US Locations
43
Business Summary
DreamMaker Bath & Kitchen operates a franchise business specializing in residential and commercial bathroom and kitchen remodeling. This includes cabinet refacing, safety and mobility modifications, and other interior remodeling services. While primarily focused on interior projects, DreamMaker Bath & Kitchen also provides exterior remodeling and restoration services as needed, and sells related products.
Corporate History
Worldwide Refinishing Systems, Inc., which operates as DreamMaker Bath & Kitchen, was founded in Texas on October 7, 1975, under the name Gnu Services Corporation. The company changed its name to Worldwide Refinishing Systems, Inc. on December 15, 1988. From 1975 to 1995, DreamMaker Bath & Kitchen offered franchises focused on refinishing and repairing various surfaces like porcelain and ceramic tile. Since 1996, the company has focused on offering franchises for bathroom, kitchen, and interior remodeling services, which is the current business model.
Financial Overview
Investment Range
$235,075 - $507,231
Franchise Fee (Low)
$22,800
Franchise Fee (High)
$240,000
Royalty %
7%
Marketing %
2%
Equipment Costs (Low)
$30,205
Equipment Costs (High)
$213,286
Working Capital
$59,625
Audited Financials
Yes
Offers Financing
Yes
Audit Opinion
Unqualified opinion
Financial Health Notes
DreamMaker Bath & Kitchen appears to be in sound financial health, having received an unqualified audit opinion on its financial statements for the years ending December 31, 2024, 2023, and 2022. This indicates that the company's financial records are presented fairly and in accordance with generally accepted accounting principles. The auditors found no conditions or events that would raise substantial doubt about DreamMaker Bath & Kitchen's ability to continue as a going concern. The company has maintained positive net income and healthy cash balances over these periods, with increasing shareholders' equity, suggesting a stable financial position.
Financing Details
DreamMaker Bath & Kitchen may offer financing for a portion of the initial franchise fee to qualified prospective franchisees. The maximum amount DreamMaker Bath & Kitchen will finance is 70% of the initial franchise fee, or an amount less than 50% of the franchisee's total equity, debt, and other financial support for their business. Interest rates for these loans range from 9.5% to 11% annually, depending on the franchisee's credit score. Loan payments are made monthly and typically begin three months after the franchisee completes Foundations Core Training. The repayment term is usually up to five years, but cannot exceed seven years. DreamMaker Bath & Kitchen requires a security interest in the franchised business's personal property and a personal guarantee from the franchisee's owners. DreamMaker Bath & Kitchen does not currently have arrangements with third-party lenders nor does it earn income from financing referrals.
Performance Metrics
Total US Locations
43
Franchised Units
43
Corporate Units
0
Franchising Since
1996
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
DreamMaker Bath & Kitchen has no litigation history to disclose. No legal actions, complaints, or disputes are required to be reported in this section of their disclosure document.
Bankruptcy History
DreamMaker Bath & Kitchen has no bankruptcy history to disclose for itself or any of its key management personnel. No bankruptcy proceedings or related financial distress are required to be reported in this section of their disclosure document.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew their franchise agreement, DreamMaker Bath & Kitchen franchisees must not be in default of their current agreement or any related agreements. They need to provide prior written notice of their intent to renew and must not have been in default for the 12 months before this notice. Franchisees must sign a general release of claims against DreamMaker Bath & Kitchen, renovate their business location to meet the then-current brand image requirements, and pay a renewal fee of $10,000. Additionally, they must meet DreamMaker Bath & Kitchen's current qualifications and training requirements and agree to sign the most current version of the renewal addendum and franchise agreement, which may have terms and fees that are materially different from their original agreement.
Training & Support Program
Franchisor Assistance
DreamMaker Bath & Kitchen provides comprehensive support to its franchisees. Before opening, the franchisor helps designate a territory and provides specifications for initial inventory and supplies. Franchisees receive a loan of confidential operating manuals and recommendations for pre-opening advertising. Initial training is provided for up to three people without additional cost, covering foundational marketing and managerial skills, followed by an eight-week sales and sales management training program. During operations, DreamMaker Bath & Kitchen periodically analyzes sales and financial performance, offering suggestions for improvement. It develops and manages promotional programs, including a national marketing fund. Franchisees also receive additional and refresher training, including mandatory annual attendance at the 'January Workshop' and 'Reunion' events. The franchisor updates its operating manuals and may establish maximum or minimum pricing for services. They also offer software maintenance and support services for required accounting and customer management software.
Initial Training Hours
33
Training Location
Online/virtual
Ongoing Support
After opening, DreamMaker Bath & Kitchen provides ongoing support through periodic analysis of sales, promotional efforts, and financial status, offering suggestions for improvement. The franchisor develops and manages promotional programs and advertising campaigns, and administers a national marketing, advertising, and promotion fund (MAP Fund), with annual unaudited accountings available. Franchisees are required to attend annual training events, such as the 'January Workshop' and 'Reunion', and may be required to attend refresher or advanced training courses. DreamMaker Bath & Kitchen updates its operating manuals regularly and has the right to establish pricing requirements. The franchisor also offers monthly software maintenance and support services for its required accounting and customer relationship management software, including remote access for support and audits.
Franchise Requirements
Ideal Candidate Profile
DreamMaker Bath & Kitchen seeks individuals or entities with the necessary business skills, qualifications, and economic resources to operate a residential and commercial remodeling business. Franchisees, or their designated Operating Principal/General Manager, are generally required to directly supervise the franchise operations, indicating a preference for a hands-on management style. The company also offers discounts to honorably discharged veterans and First Responders (police officers, firefighters, paramedics/EMTs with at least five years of experience), recognizing value in disciplined and service-oriented backgrounds. Franchisee entities must not be owned through an Employee Stock Ownership Plan (ESOP) or by a private equity firm or fund. Candidates are expected to be credit-worthy, have available collateral, and possess sufficient total equity, debt, and other financial support for the business.
Industry Experience Required
No
Management Experience Required
Yes
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
hands-on
Territory Type
limited
Staff Count
2
Territory Size Requirements
DreamMaker Bath & Kitchen territories are defined by population estimates from the U.S. Census Bureau. Territories generally have a minimum population of 200,000 for rural areas or 350,000 for densely populated urban areas, with a maximum population typically not exceeding 1,000,000. Franchisees select their business site within this approved territory.
Staffing Notes
DreamMaker Bath & Kitchen requires franchisees to maintain specific staff roles. Franchisees must employ at least one full-time office manager dedicated to the business, who must begin employment before the Simulation Training is completed. Additionally, franchisees must hire at least one part-time marketing coordinator, working a minimum of 16 hours per week, no later than 30 days after the completion of Simulation Training. This marketing coordinator's wages during the first nine months of employment are eligible for reimbursement from the initial advertising deposit.