Grand Welcome Franchise Cost, Revenue & Review 2026
- Investment
- $68K – $170K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Under 10 loans (6)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Grand Welcome is a vacation rental property management franchise serving second-home owners and travelers. Franchisees run local operations, onboarding rental homes and managing bookings, guest service, cleaning, and maintenance.
FranchiseVerdict summary · 2026
A Grand Welcome franchise requires a total initial investment of $68K – $170K, including a $49K – $109K franchise fee and an ongoing 8.0% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored5 of 6 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $68K – $170K
- 1st pct Lodging
- Avg gross sales
- N/A
- Per territory, not per outletOutlet subsetNet sales
- Royalty
- 8.0%
- 67th pct Lodging
- Units
- 64
- 38th pct Lodging
- SBA charge-off
- N/A
Quick verdict · Lodging · color = vs category peers
Green = favorable by >10% vs Lodging median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $68K – $170K including a $49K franchise fee, 8.0% ongoing royalty.
- RETURNSItem 19 reports two figures for every tier: Total Charges and Net Revenue. Total Charges is the whole guest bill - all rental income and other guest payments including cleaning fees, damage waiver, reservation fees and taxes - most of which belongs to the property owner. Net Revenue is what the franchisee keeps: gross less OTA commissions, payment processing and the Unit Owner's share, and it is the base the franchisor charges its royalty on. The range shown here is Net Revenue. The filing prints High, Median and Low per tier and no tier average, so no system-wide average can be derived from it.
- RISKVerdict B (Above average), verdict score 56/100 (higher is better).
- GROWTHNegative: net -2 franchised outlets in the latest year (12 opened, 14 closed); 6 signed but not yet open (Item 20).
- FLAG5 units terminated last reporting year (7.8% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Grand Welcome Franchising, LLC
- Parent company
- Grand Welcome Holdings, Inc.
- FDD Item 1, page 6 of the 2025 FDD
- Predecessor
- company
- Prior franchisor entity
- CEO title
- CEO/COO/CTO
- Bo Erland Odd
- Incorporated in
- Wyoming
- HQ
- 923 Incline Way #3, Incline Village, Nevada 89451
- Auditor
- Hancock Askew & Co LLP
- Audited financials
- Franchisor revenue
- $7.2M
- vs $7.0M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- Grand Welcome IP
Other brands the franchisor or its parent operates (Item 1).
Overview
About
- CEO
- Bo Erland Odd
- Headquarters
- Nevada
- Founded
- 2019
- FDD year
- 2025
- States available
- 21
Can you afford it, and what does the money buy?
Entry cost runs 99% below the typical lodging franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $49K | $49K |
| Working capital (3–6 mo) | $15K | $35K |
| Equipment, build-out, other | $4K | $86K |
| Total initial investment | $68K | $170K |
Source: Grand Welcome 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $68K – $170K
- Top 40% of category vs category
- Liquid capital req'd
- $15K – $35K
- Top 40% of category vs category
- Franchise fee
- $49K – $109K
- Top 40% of category vs category
- Royalty
- 8.0%
- typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 39.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 8.0% of net sales |
| Marketing / ad fund | 1.0% of net sales |
| Technology fee | $30 |
| Transfer fee | $37K |
| Renewal fee | $25K |
| Total fee load | 39.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for Grand Welcome is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Grand Welcome unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Item 19 reports two figures for every tier: Total Charges and Net Revenue. Total Charges is the whole guest bill - all rental income and other guest payments including cleaning fees, damage waiver, reservation fees and taxes - most of which belongs to the property owner. Net Revenue is what the franchisee keeps: gross less OTA commissions, payment processing and the Unit Owner's share, and it is the base the franchisor charges its royalty on. The range shown here is Net Revenue. The filing prints High, Median and Low per tier and no tier average, so no system-wide average can be derived from it.
Averaged per territory, not per outlet - not comparable with per-outlet figures
Reported for a subset of outlets rather than the whole system
Reported as net sales, not gross sales
- Item 19 type
- net sales
- Sample size
- 47 territories
- vs category median 98 · small
- Range (low → high)
- $4K→$3.0MNot cited — published from our reading of the franchisor's disclosure document; the page it is printed on has not been located.
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
Compared against 175 Lodging brands
Item 19 · by group
What the filing does disclose
Item 19 of this FDD reports performance in more than one group. We publish no single average for this brand; the groups the filing does disclose are listed below, quoted from its own Item 19 table.
Each row below is quoted from the FDD's own Item 19 table. Gross sales are not profit.
Per territory, not per outletOutlet subsetNet salesItem 19 detail
Item 19 reports two figures for every tier: Total Charges and Net Revenue. Total Charges is the whole guest bill - all rental income and other guest payments including cleaning fees, damage waiver, reservation fees and taxes - most of which belongs to the property owner. Net Revenue is what the franchisee keeps: gross less OTA commissions, payment processing and the Unit Owner's share, and it is the base the franchisor charges its royalty on. The range shown here is Net Revenue. The filing prints High, Median and Low per tier and no tier average, so no system-wide average can be derived from it.
revenue tier (16 franchised territories)
| Segment | Sample (territories) | Avg |
|---|---|---|
| Upper Tier | 16 territories | — |
| Middle Tier | 16 territories | — |
revenue tier (15 franchised territories)
| Segment | Sample (territories) | Avg |
|---|---|---|
| Developing Tier | 15 territories | — |
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 39.0% — above the Lodging median of 8.5%.
Disclosure
Item 19 reports outlet revenue, but not in a form that yields a per-outlet average we can compare across brands.
Operator retention
System expanding at 481.8% CAGR over 3 years across 64 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Lodging medians
How Grand Welcome Compares
Per territory, not per outlet - the category median is per-outlet only, so no comparison is shown
Category median of published Lodging brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 64
- Opened
- 12
- Last reporting year
- Closed
- 14
- Terminated
- 5
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 21.9%
- Company-owned
- 2
- Corporate units in the system
- % franchised
- 97%
- vs corporate-owned
- Net growth (3-yr)
- -3.1%
- Net unit change over 3 years
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
Last fiscal year · Item 20 exits and transfers
- Terminated
- 5
- Not renewed
- 0
- Transferred
- 1
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 6
- 0.09 per open outlet · Item 20 Table 5
- Projected new
- 20
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 21 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
21
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 6 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 6
- Loan volume
- $1.1M
- Median loan
- $150K
- 50th percentile
- Charge-off rate
- Under 10 loans (6)
- Insufficient SBA coverage: 6 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (6)
- 5-yr charge-off
- Under 10 loans (6)
- Loans approved 2021+
- Active lenders
- 4
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Grand Welcome presents HIGH RISK due to shrinking franchise system (-3.1% YoY), pending litigation, complete absence of financial disclosure, and questionable franchisor financial health—making unit economics impossible to validate before investing $67,750–$169,750.
Why this reads harsher than the B grade: the grade weighs financial health, unit economics, unit growth, scale, legal, and transparency across the whole filing, while this summary lists individual flags without that weighting. The flags are worth checking with current owners; neither is investment advice.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Two disclosed matters: (1) Grand Welcome Franchising, LLC v. Kevin Allen, et al. / Arkansas Vacation Rental Property Management, Inc. v. Grand Welcome Franchising, LLC (2024) - franchisor sued former franchisee for breach of contract/trademark infringement; franchisee counter-sued in Arkansas; settled Feb 2025 with a $5,000 settlement payment to franchisor and termination of franchise agreements. (2) Breitlow v. Grand Welcome Franchising, LLC, et al. - franchisee sued alleging breach of contract and fraud; action dismissed February 2025.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Hancock Askew & Co LLP
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 56 / 100 verdict
- 01MINORUnit count declining 3.1% YoY (64 units) signals system contraction and weakening franchisee satisfaction
- 02HIGHMultiple active litigation cases including pending breach of contract action indicate franchisor-franchisee relationship deterioration
- 03MINORHigh franchise fee ($49,000) combined with unknown profitability creates severe risk-reward imbalance
- 04MED8% royalty on undisclosed net revenue makes it impossible to model break-even or profit scenarios
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 39.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Exclusive territory |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory sizeℹ | Defined by PTR (Potential Territory Revenue) with a $20,000,000 minimum, using zip codes/jurisdiction boundaries rather than a fixed radius or population figure |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 50 mi |
| Right of first refusalℹ | Yes |
| RoFR response window | 30 days |
| Transfer requires consent | Yes |
| Termination notice | 5 days |
| Termination groundsℹ | 33 |
| Mandatory arbitration | Yes |
| Arbitration location | Nevada (franchisor's headquarters), subject to applicable state law |
| Jury trial waiver | Yes |
| Governing law | NV |
| Litigation count | 2 |
View Item 3 litigation summary
Two disclosed matters: (1) Grand Welcome Franchising, LLC v. Kevin Allen, et al. / Arkansas Vacation Rental Property Management, Inc. v. Grand Welcome Franchising, LLC (2024) - franchisor sued former franchisee for breach of contract/trademark infringement; franchisee counter-sued in Arkansas; settled Feb 2025 with a $5,000 settlement payment to franchisor and termination of franchise agreements. (2) Breitlow v. Grand Welcome Franchising, LLC, et al. - franchisee sued alleging breach of contract and fraud; action dismissed February 2025.
Items 10, 11
Training & Operations
- Classroom training
- 40 hrs
- On-the-job training
- 39 hrs
- Training location
- Grand Welcome University (virtual sessions), optional 2-day in-person field training with a Brand Ambassador
- Ongoing training
- Required
- Time to open
- 3 mo
- From signing to launch
- Site selection
- franchisee (home office by default; franchisor must consent to any commercial office location)
- Franchisor financing
- Not offered
- Item 10
- POS system
- Cloud-based Property Management System (PMS) - no specific branded product name disclosed
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Cloud-based Property Management System (PMS) - no specific branded product name disclosed
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Grand Welcome franchise?
The total investment to open a Grand Welcome franchise ranges from $68K – $170K, with an initial franchise fee of $49K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Grand Welcome franchise owners earn?
Item 19 of the Grand Welcome FDD discloses outlet figures from $4K to $3.0M but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Grand Welcome?
Grand Welcome is franchised by Grand Welcome Franchising, LLC. Its parent company is Grand Welcome Holdings, Inc.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Grand Welcome FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Grand Welcome FDD and qualifies whose outlets they describe.
What is Grand Welcome's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Grand Welcome (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Grand Welcome franchise locations are there?
As of their most recent FDD filing, Grand Welcome has 64 total units in the United States, including 62 franchised units and 2 company-owned units. 12 new units were opened in the latest reporting year.
Is Grand Welcome a good franchise to buy?
FranchiseVerdict rates Grand Welcome as a B-grade franchise with a verdict score of 56 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.