FranchiseVerdict
Grand Welcome logo
FV-01100·MODERATEExcellent86

Grand Welcome

OtherFranchising since 2019Website
Investment
$68K – $170K
19th pct Other
Avg revenue
50th pct Other
Royalty
8.0%
49th pct Other
Units
64
69th pct Other
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $68K – $170K including a $49K franchise fee, 8.0% ongoing royalty.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated MODERATE with a risk score of 61/100. SBA loan default rate of 0.0% across 12 loans (below the industry average).
  • System growing at 138.5% CAGR over 3 years with 64 total units — strong expansion trajectory.

Item 1 · who you're contracting with

The Franchisor

Legal entity
GRAND WELCOME FRANCHISING, LLC
Parent company
Grand Welcome Holdings, Inc.
Incorporated in
Wyoming
HQ
923 Incline Way #3, Incline Village, Nevada 89451
Auditor
Hancock Askew & Co LLP
Audited financials
Franchisor revenue
$7.0M
vs $7.2M prior year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one Grand Welcome unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $68K–$170K
Working capital
$
FDD reports $15K–$35K

Unlevered ROIC · per unit

73%

Above typical band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$144K
Payback
16 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Grand Welcome appears to operate a service-based franchise model (likely hospitality, property management, or customer service), where franchisees manage day-to-day operations within their protected territory. Without disclosed financials, the specific revenue model, staffing requirements, and operational complexity remain unclear to prospective investors.

CEO
Bo Erland Odd
Founded
2019
FDD year
2025
States available
20

Item 7 · what it costs

The Vitals

Total investment
$68K – $170K
All-in to open one unit
Liquid capital
$15K – $35K
Cash you must have on hand
Franchise fee
$49K
Royalty
8.0%
Net Revenue · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
39.0%
vs 9–13% typical

Item 19

Financial Performance

This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.

Item 20 · unit dynamics

The Growth Chart

Total units
64
Opened
12
Last reporting year
Closed
14
Turnover rate
21.9%
Company-owned
2
Corporate units in the system
% franchised
97%
vs corporate-owned
Net growth (yr3)
-3.1%
Net unit change last year
3-yr CAGR
+138.5%
Compounded over last 3 years
2023
62-6
Franchised units
2024
64
Franchised units
2025
26
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 16 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 16 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

Total loans
12
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

61
Risk · 0-100
MODERATE61 / 100

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.

Score breakdown · what drove the 61 / 100 rating

  1. 01MINORUnit count declining 3.1% YoY (64 units) signals system contraction and weakening franchisee satisfaction
  2. 02HIGHMultiple active litigation cases including pending breach of contract action indicate franchisor-franchisee relationship deterioration
  3. 03MEDNo Item 19 financial disclosure (Avg Revenue/Net Income not disclosed) prevents validation of unit economics and ROI claims
  4. 04HIGHGoing concern status is FALSE, suggesting potential financial instability at corporate level
  5. 05MINORHigh franchise fee ($49,000) combined with unknown profitability creates severe risk-reward imbalance
  6. 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

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Zip codes, jurisdiction boundaries, geographic demarcation lines or marked map
Protected territory
Yes
Initial term
10 years
Renewal term
10 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
3
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Nevada

Item 11

Training & Operations

Classroom training
40 hrs
On-the-job training
39 hrs
POS system
Property Management System (PMS)
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

18 numbers

Locked
(317) 232-••••
IN
(517) 373-••••
MI
(608) 266-••••
WI

One-time purchase · CSV download · Validation questions included

FDD download

Grand Welcome · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above