GRAND WELCOME

Grand Welcome began franchising in 2019 and peaked at 64 locations in 2023 before slipping to 62 franchise units plus 2 corporate in 2024—a 3% decline that tempers enthusiasm despite projections for 18 new units. System health shows strain with 5 terminations, just 1 transfer, and litigation centered on breach of contract, fraud claims, non-compete violations, and post-termination disputes involving competing businesses. Item 7 estimates initial investment at $67,750-$169,750 including the $49,000 franchise fee; ongoing fees hit hard at 8% royalty, 1% brand fund, $1,500-$2,500 monthly local marketing, and $30 per unit monthly tech fee.

Item 19 reveals average gross revenue of $1,093,059 but a median of $668,968, highlighting how a few high performers inflate the average—estimated profits range wildly from $3,841 to $2,990,257. Six SBA loans average $189,750, suggesting accessible financing but limited uptake. For investors, the low entry appeals in property management, yet the revenue skew, shrinking footprint, terminations, and legal battles flag high risk; median figures imply most won't hit jackpot revenues without exceptional markets or scale.