Franchise Deep Dive: Grand Welcome Franchise Costs, Fees, Profit and Data

LAST UPDATED: July 2024

FRANCHISE WEBSITE: https://www.grandwelcomefranchise.com/ 

NUMBER OF LOCATIONS: 21

REPORTED COST TO GET IN: $78,600 to $167,750

REPORTED ROI (Item 19): not publicly available

Grand Welcome offers management services for over 1,500 vacation rental properties across the U.S.

How Many Grand Welcome Locations Are There?

Grand Welcome got its start in 2009, when founder Brandon Ezra turned his love for the outdoors into a property management company specializing in vacation homes. He originally started with a few condominiums in Mammoth Lakes, California, but expanded to new territories in 2015 and 2016 through corporate acquisitions. The brand started offering franchise opportunities in 2019 and now has 21 units across the U.S.

What Is Grand Welcome’s Business Model?

Grand Welcome is a short-term vacation rental management concept. Franchisees are awarded a territory in which they manage the available rental properties, serving both the existing property owners and the guests who utilize the properties. 

How Much Can Grand Welcome Franchise Owners Make?

The brand does not make this information publicly available. Prospective owners can access this information through the brand’s most recent Franchise Disclosure Document (FDD). 

How Much Does It Cost To Open a Grand Welcome Franchise?

The total initial investment necessary to begin operation of a Grand Welcome franchise ranges from $78,600 to $167,750.

The cost of investment depends largely on the size of territory you purchase. The territory sizes are split into three tiers and require the investment ranges indicated below:

• Tier 2 Territory: $78,600 – $107,750
• Tier 3 Territory: $108,600 – $137,750
• Tier 4 Territory: $138,600 – $167,750

What Is the Franchise Fee for Grand Welcome?

The franchise fee required to begin operation of a Grand Welcome franchise is $10,000, which must be paid to the franchisor. 

Who’s On Grand Welcome’s Leadership Team?

• Brandon Ezra - Founder and CEO 
• Jonathan Maher - Director of Franchise Development
• Ryan McLaughlin - Director of Franchise Development
• Erland Odd - Chief Technology Officer
• Lisa Guild - Chief Financial Officer

What Helpful Articles Can I Read to Learn More About Grand Welcome?

• Grand Welcome! This Vacation Rental Company At The Lake Is Growing Quickly: Here's Why
• Grand Welcome Doubles Growth Goals in The Year of 2022
• Grand Welcome Brings National Brand Power To Lake Of The Ozarks Vacation Rentals
• Grand Welcome vacation property management opens in Summit County under local ownership

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