|
Below is an in-depth analysis and side-by-side comparison of DreamMaker Bath & Kitchen vs Five Star Bath Solutions including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $142,575 - $364,550 | $75,530 - $141,100 |
Franchise Fee | $40,000 - $48,000 | $40,000 |
Royalty Fee | 7%-3% | 6% |
Advertising Fee | 2%-1% | 1%- 2.5% |
Year Founded | 1971 | 1996 |
Year Franchised | 1972 | 2008 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
||
Training | On-The-Job Training: 32 hours Classroom Training: 40 hours | On-The-Job Training: 24 hours Classroom Training: 68-78 hours |
Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Proprietary Software |
Marketing | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 4 | - |
Expansion Plans |
||
US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |
Every year, Americans spend billions of dollars remodeling their homes, creating huge demand for the services that DreamMaker® Bath and Kitchen owners provide. With strong systems and support, cost-reducing vendor partnerships and rising average sales, our remodeling franchise may be the right opportunity for you to start your own business, or accelerate the growth of your existing one.