DreamMaker Franchise vs. Kitchen Tune-Up: Which Brings More Heat?
Kitchen remodeling franchise opportunities are heating up because the demand for home remodeling services is rising. Median spending on kitchen remodels is still increasing for both major and minor remodels. Almost 90% of homeowners hire professionals to complete remodels, and 2022 is a great time to consider purchasing a remodeling franchise.
There are many different kitchen remodeling franchise opportunities available, including DreamMaker franchise and Kitchen Tune-Up franchise.
DreamMaker & Kitchen Tune-Up
Dream Maker and Kitchen Tune-Up are well-established remodeling franchise businesses with similar business models. As a franchise owner with either company, you offer your clients remodeling services in a straightforward, simplified way, making the remodeling process cost-effective for you and your clients.
Both franchise opportunities come with ongoing support for franchise owners; however, there are some distinct differences within that support. For example, Kitchen Tune-Up offers certification training for the necessary skills used in remodeling work. Offering certification and franchise business training makes it an option for those who may not have previous remodeling experience. In comparison, DreamMaker franchise information states that it is an option only for those with previous remodeling or home-repair experience.
Another significant difference between these franchise options is modern technology and a digital presence. With Kitchen Tune-Up, franchisees receive a local website that immediately establishes a much-needed digital presence. Propriety software, a computer, and an iPad are also part of the Kitchen Tune-Up franchise program.
Kitchen Tune-Up has the advantage of being backed by Home Franchise Concepts (HFC), the leading home service franchisor in North America. With over 30 years of experience and a large family of brands, HFC is a well-established company with a proven track record of helping franchise owners pursue their personal and financial goals.
There is a significant cost difference between these two franchise opportunities. To establish a DreamMaker Franchise, potential franchisees must have at least $200,000 in liquid capital and a minimum net worth of $350,000. The estimated overall investment for a DreamMaker franchise is $136,700 - $334,925. On the other hand, Kitchen Tune-Up is more affordable for potential business owners, with an overall investment estimated at $119,930 - $173,850. To establish a Kitchen Tune-Up business, applicants need a minimum of $71,930 in liquid capital and a minimum net worth of $200,000.
Both franchise opportunities offer a veteran discount. Dream-Maker applies a $1,000 discount for all veterans, and Kitchen Tune-Up offers a 15% veteran discount off the initial franchise fees!
Things to Consider when Choosing a Remodeling Franchise
When researching franchise opportunities, it is essential to consider more than the overall cost. For example, when a franchisor requires a higher investment, that does not necessarily mean you get more from the franchisor.
Before you buy a franchise, consider these factors:
- Financial performance: how well do their other franchisees perform? Collect information and reports about gross sales and net profits.
- Geographic relevance: when conducting market research, determine if your chosen franchise will perform well in your area.
- Company support: look into the experience and leadership backing the company you are considering. Seek out and talk to other franchise owners personally, and don't just review the franchisee information provided to you by the company.
- Systems and business model: review the company's sales, advertising, and marketing mindset and how they will help you establish a presence in the community and online.
The Best Fit For You
Finding a kitchen remodeling franchise that best fits your needs is essential to your success as a franchise owner. Your investment budget, personality, and strengths will help you research and decide which franchise to establish.
Choosing an industry you have experience in may feel easier, but you do not have to limit yourself to only options in which you have previous experience. A key factor for a successful franchisee is a heart for life-long learning. More opportunities are available when you find a franchise that will equip you with the necessary skills, like Kitchen Tune-Up.
Franchise opportunities that offer skills training are essential when you want to establish a business in a booming industry like home remodeling. Projections for the commercial and residential services industry show that the massive growth experienced in 2021 is expected to continue into 2022, with 55% of homeowners planning to renovate their homes.
If you decide to buy a kitchen remodeling franchise, you should see if you qualify to own a Kitchen Tune-Up. As part of Home Franchise Concepts family, you will be backed by the leader in the home services industry with 30 years of experience.
Market reports show that the demand is strong and growing for remodeling services. A Kitchen Tune-Up franchise requires a modest upfront commitment. With that investment, you gain everything you need to get your new business off the ground. Talk to us today to learn more.