Grand Welcome Franchise Cost, Revenue & Review 2026
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 does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $68K – $170K
- 1st pct Lodging
- Avg gross sales
- N/A
- Outlet subset
- Royalty
- 8.0%
- 66th 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 avg · 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 'Total Charges' (all guest rental income including fees/taxes, akin to gross booking revenue) and 'Net Revenue' (Total Charges less OTA commissions, payment processing fees, marketing fee, and Unit Owner's share) per territory, disclosed only as High/Median/Low by revenue tier - no single average figure is given, so avg_gross_sales/avg_net_income are left null per basis rules. Affiliate-owned (company) territories in Hawaii and Tahoe are reported separately and are each a consolidation of 2 territories.
- RISKVerdict B (Above average), verdict score 56/100 (higher is better).
- 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.
- 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%
- percentage · 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 gross sales |
| Marketing / ad fund | 1.0% of gross 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
Grand Welcome did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Grand Welcome unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
57%
Within the 30–60% "attractive franchise" band
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 'Total Charges' (all guest rental income including fees/taxes, akin to gross booking revenue) and 'Net Revenue' (Total Charges less OTA commissions, payment processing fees, marketing fee, and Unit Owner's share) per territory, disclosed only as High/Median/Low by revenue tier - no single average figure is given, so avg_gross_sales/avg_net_income are left null per basis rules. Affiliate-owned (company) territories in Hawaii and Tahoe are reported separately and are each a consolidation of 2 territories.
Reported for a subset of outlets rather than the whole system
- Item 19 type
- historical - tiered (Upper/Middle/Developing) High/Median/Low Total Charges and Net Revenue for 47 continuously-operating franchised territories in 2024
- Sample size
- 47 territories
- vs category median 99 · small
- Range (low → high)
- $11K→$8.4M
- Cohort dispersion (min → max)
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 0 / 10
- vs category median 0 / 10 · typical
Compared against 174 Lodging brands
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 average of 10.4%.
Disclosure
Item 19 reports historical - tiered (Upper/Middle/Developing) High/Median/Low Total Charges and Net Revenue for 47 continuously-operating franchised territories in 2024 rather than annual gross sales, so unit revenue is not directly comparable.
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 averages
How Grand Welcome Compares
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
- 9
- Terminated
- 5
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 22.6%
- 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
3-year detail · Item 20
- Opened (3yr)
- 12
- Closed (3yr)
- 9
- Terminated (3yr)
- 5
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 1
- Reacquired (3yr)
- 0
- Franchisor bought back
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
- N/A
- limited sample (6 loans) — rate not shown below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- 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.
Litigation (Item 3)
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.
Largest disclosed settlement: $5,000
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
- 03MEDNo Item 19 financial disclosure (Avg Revenue/Net Income not disclosed) prevents validation of unit economics and ROI claims
- 04HIGHGoing concern status is FALSE, suggesting potential financial instability at corporate level
- 05MINORHigh franchise fee ($49,000) combined with unknown profitability creates severe risk-reward imbalance
- 06MED8% 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 |
| 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
FDD download
Grand Welcome · FDD (2025) PDF
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?
Grand Welcome does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
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), based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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
Are you the franchisor?
If you represent Grand Welcome, you can request corrections or provide updated information.
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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.