DREAMMAKER BATH & KITCHEN Rated a Worst Franchise by Forbes. Do You Agree?
The DreamMaker Bath & Kitchen franchise was rated one of the worst franchise opportunities in America by Forbes magazine.
Do you agree that DreamMaker Bath & Kitchen is one of the worst franchises?
Why or why not?
Please share a comment below.
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(UnhappyFranchisee.Com) The June 16, 2014 issue of Forbes magazine features their picks for America’s Best And Worst Franchises.
The DreamMaker Bath & Kitchen franchise made the Forbes list of the worst franchise opportunities in the $150, 001 – $500,000 investment range.
The Forbes ranking for DreamMaker Bath & Kitchen included the following assessment:
No. 7 DreamMaker Bath & Kitchen
Offers remodeling plans and provides financing in some locations.
Average Initial Investment: $170,300
Initial Training Hours: 49.5
Growth rate: –17%
Continuity: 37%
Franchisor Support: B
Read Dreammaker’s response: DREAMMAKER BATH & KITCHEN President Responds to Forbes Worst Franchise List
Here are the rest of Forbes worst franchises:
Forbes Worst Franchises with $150,001 – $500,000 Investments
(With #1 being the worst)
#1 Dippin’ Dots
Concept: Franchisees sell flash-frozen beads of ice cream, yogurt, sherbet and flavored ice at inline locations, carts and mobile units
#2 Steak Escape
Concept: Franchisees serve cheesesteaks, sandwiches and fresh-cut fries mostly at quickservice food court and airport locations
#3 Commission Express
Concept: Franchisees works as a pay advance for realtors, turning unpaid commissions into cash.
#4 Cookies by Design
Concept: Franchisees turn dough into “cookie bouquets” and gift baskets for holidays and various occasions.
#5 Dream Dinners
Concept: Franchisees teaches in-person meal prep and sell measured ingredients for consumers to take home.
# 6 Avalar
Concept: Franchisees provides training and HR support for expanding real estate and mortgage businesses.
#7 DreamMaker Bath & Kitchen
Concept: Franchisees offer remodeling plans and provides financing in some locations.
# 8 Golf Etc.
Concept: Franchisees operate golf stores that sell and repair golf equipment
#9 Samurai Sam’s Teriyaki Grill (Kahala)
Concept: Franchisees operate quickservice Japanese cuisine in strip center and mall locations
#10 Great Steak & Potato Company (Kahala)
Concept: Franchisees sell cheese steak & potatoes in mall and strip centers quickservice units
See all Forbes Worst Franchises here:
America’s Best And Worst Franchises
ARE YOU FAMILIAR WITH THE DREAMMAKER BATH & KITCHEN FRANCHISE OPPORTUNITY? DO YOU THINK IT’S ONE OF THE WORST FRANCHISES… OR NOT? SHARE A COMMENT BELOW.
TAGS: DreamMaker Bath & Kitchen, DreamMaker Bath & Kitchen franchise, DreamMaker Bath & Kitchen franchise complaints, Worst franchise, Forbes Worst franchises, franchise, franchising, Unhappy Franchisee
While we respect Forbes’ attempt to help people considering franchise opportunities, we hope no one will rely on this list to guide their research. As a proxy for judging “best” and “worst,” Forbes relied on unit tallies from 2008 to 2012. The effect? Franchises that were focused on the real estate industry received low marks in spite of their resilience compared to the industry during the Great Recession, and other franchises received high marks in spite of regulatory changes since 2012 that create significant challenges for their business models.
During the Great Recession, excellence was a matter of survival for home services franchises like DreamMaker Bath & Kitchen, and we worked diligently to help remodelers survive in spite of a massive disruption in the housing market. You can read our franchisees’ stories on our blog. They don’t shy away from talking about the challenges they faced and how DreamMaker helped them survive — and how DreamMaker is now helping them prosper.
Our same store sales increased 23% in 2013, more than seven times as fast as the revenue growth of the remodeling industry overall, and the National Association of the Remodeling Industry recently highlighted DreamMaker for its excellence. You can take an in-depth look for yourself at http://www.dreammakerfranchise.com.
Thanks for bringing this to our attention.
DOUG DWYER
PRESIDENT & CSO
DreamMaker Bath & Kitchen™
510 N. Valley Mills Drive, Suite 304
Waco, TX 76710
I, personally, think the Dwyers are fine Americans who have promoted franchising in a positive way. I believe Don Dwyer Sr. was a great American who had a great idea and the legacy of his family members are a positive attribute to franchising.
That being said I am ashamed and dismayed by those who do their best to promote franchising in a positive way let others in franchising SACRIFICE their franchisee investors to benefit their WALL STREET investors. Matco Tools is such a franchise. Owned by Danaher Matco Tools utilizes a pool of Distributors with different agreements to Churn franchisee contracts.
The contracts which the IFA comes up with to protect their franchisors against franchisee investors is a disgrace to American freedom and free enterprise.
I think it is a DISGRACE for good franchisors to allow bad franchisors to ride the coat tails of lobby groups like the IFA in order for them to retain their PONZI SCHEME privileges.
My franchisor lied to me, stole from me, threatened me, created false documents to scam me and then terminated my franchise against State Laws specifically designed to keep me from becoming a franchisor victim. Yet, the IFA, my state, the FTC, the FBI, governors office, senators office, State Police office, County Police office, Local Police office, State Prosecutor, County Prosecutor and Local Prosecutor can do nothing. The state blames Federal and the Federal blames the State. Scammed Americans in the business world get NOTHING! Just the way DWYERS have made it.