GRAND WELCOME
Grand Welcome franchises provide vacation home rental and management services under the Grand Welcome trademarks. Franchisees offer listing, maintenance, cleaning, and concierge services to property owners (Unit Owners) and guests, utilizing proprietary operating procedures, standards, and marketing methods. The business model targets vacation property owners seeking professional management and travelers looking for short-term rental accommodations in competitive markets including online platforms like Airbnb and VRBO.
Franchise Costs
8% royalty + 1% brand fund + $1,500-$2,500/mo local marketing expenditure + $30/unit/mo technology fee
Financial Performance
Item 19 Financial Performance
Data Based On: 47 franchised territories which continuously operated during the entire 2024 calendar year, grouped based on Total Charges.
* Calculated weighted average gross revenue: (16 units × $2,320,394 + 16 units × $668,968 + 15 units × $236,266) / 47 total units = $1,093,059.19. 'Total Charges' is defined as all rental income received, aligning with gross revenue. Calculated weighted average net profit: (16 units × $773,786 + 16 units × $219,811 + 15 units × $78,721) / 47 total units = $363,369.51. 'Net Revenue' is defined as Gross Revenue less OTA commissions, processing fees, marketing fee, and unit owner's share, making it a form of net profit. Median gross revenue is taken from the median of the Middle Tier Total Charges. Revenue top quartile is taken from the median of the Upper Tier Total Charges. Revenue bottom quartile is taken from the median of the Developing Tier Total Charges. Best guess profit low is the lowest 'Low' Net Revenue reported across all tiers ($3,841). Best guess profit high is the highest 'High' Net Revenue reported across all tiers ($2,990,257).
Extracted Item 19 Section
How GRAND WELCOME Compares
Key Insights
- Top 10 largest franchise system in Property Management
- One of the lowest SBA loan default rates in Property Management
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
GRAND WELCOME Current | $68K – $170K | $49K | 8.0% | 62 |
| SOLA SALONS | $1.2M – $1.9M | $60K | 5.5% | 660 |
| ALL COUNTY | $86K – $118K | $59K | 7.0% | 78 |
| Home Smiles | $153K – $200K | $60K | 6.0% | 77 |
| Keyrenter Property Management | $116K – $241K | $50K | 7.0% | 58 |
| SKYRUN; SKYRUN VACATION RENTALS | $105K – $154K | $55K | 5.0% | 41 |
Property Management Average 12 franchises | $214K – $405K | $41K | 6.5% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 12 Property Management franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2024)
Outlets by state across the United States
+7 more states
SBA Loan History
Historical SBA 7(a) loan data for GRAND WELCOME franchisees (2022 – 2024)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
3 franchisee contacts on file from official FDD filings.
| Name | SBA Loan |
|---|---|
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
John Smith ABC Franchise LLC | $350,000 2023 · Active |
3 Contacts Available
Unlock all GRAND WELCOME franchisee contacts with verified contact information
Due Diligence
Litigation (Item 3)
Primarily breach of contract, fraud, and trademark infringement disputes with franchisees and former franchisees, involving termination, non-compete violations, competing businesses, and post-franchise sale issues.
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a GRAND WELCOME franchise ranges from $67,750 to $169,750. This includes a franchise fee of $49,000. Ongoing royalty fees are 8.0% of gross sales.
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