Figures from the Horse’s Mouth
24th May 2013
Dream Doors franchisees share their results
One of the best pieces of advice for anyone thinking of buying a business is to talk to existing franchisees. It’s advice that Derek Lilly of Dream Doors agrees with entirely. That’s why he’s happy to provide anyone who enquires about the kitchen, bathroom and bedroom refurbishment business with a range of testimonials from existing franchisees, including some remarkably candid financials.
Adrian Kay was a first-time business owner, new to the kitchen industry. He opened the Christchurch Dream Doors six months ago and said, ‘Things have gone unbelievably smoothly… Since I commenced trading, sales have increased by almost 300 percent and all indications are that the business is going to continue to grow at a healthy rate. I have certainly recovered my initial franchise fee investment and am continuing to reinvest in this very profitable business.’
Hazel Harris was a business analyst and her husband John had a property maintenance company, so they carried out thorough due diligence on Dream Doors before making their decision. They achieved about 50 percent of their sales target in their first month, rising to 200 percent in their second month. They have opened their own showroom in Wellington, financing it from cashflow without dipping further into personal funds, and after just five days were fully booked with customer appointments to the end of the month.
In Coromandel, Dave Dell bought Dream Doors to run alongside his established building business, but he soon realised he was going to need more staff. ‘I picked up a multitude of building work because of my Dream Doors business… and found myself with a massive amount of installation work to do. I have recruited three additional staff to help me with my work load and I am even manufacturing and installing some of the company-made products now.’
‘We are still looking for franchisees all around the country, so if you’re looking for a proven business and have people skills and organisational ability, call me. I’m so confident of Dream Doors that I promise to return your initial investment of $30,000 if you’re not satisfied at the end of five years.’