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Grand Welcome Franchise FDD, Costs & Fees (2025)

Grand Welcome is a vacation rental management franchise that helps homeowners maximize their rental income by providing full-service property management.

Founded in 2009 by Brandon Ezra in California, Grand Welcome began as a modest vacation rental management company overseeing a small portfolio of condominiums.

Recognizing the growing demand for short-term rentals, the company steadily expanded its operations and launched its franchising program in 2019 to broaden its national presence.

Today, Grand Welcome is headquartered in Torrance, California, and operates in more than 50 cities across 18 states, managing thousands of properties.

Grand Welcome offers a comprehensive suite of property management services tailored specifically for the short-term vacation rental market. What differentiates Grand Welcome from other property management franchises is its strong commitment to backend support.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee$49,000 – $109,000
Your Training Expenses$1,000 – $3,000
Office Lease Deposit$0 – $1,000
Office Furniture, Fixtures, Equipment and Supplies$0 – $1,500
Licenses and Permits$500 – $1,000
Real Estate Brokerage License$0 – $5,000
Computer Systems$500 – $3,500
Vehicle$0 – $3,500
Vehicle Graphics$250 – $500
Branding and Promotional Materials$250 – $750
Professional Fees$250 – $3,000
Insurance$1,000 – $3,000
Additional Funds – 3 months$15,000 – $35,000
Total$67,750 – $169,750
Type of Expenditure Amount
Initial Franchise Fee$49,000 – $109,000
Your Training Expenses$1,000 – $3,000
Office Lease Deposit$0 – $1,000
Office Furniture, Fixtures, Equipment and Supplies$0 – $1,500
Licenses and Permits$500 – $1,000
Real Estate Brokerage License$0 – $5,000
Computer Systems$500 – $3,500
Vehicle$0 – $3,500
Vehicle Graphics$250 – $500
Branding and Promotional Materials$250 – $750
Professional Fees$250 – $3,000
Insurance$1,000 – $3,000
Additional Funds – 3 months$15,000 – $35,000
Total$67,750 – $169,750

Grand Welcome

2025

Franchise Disclosure Document

Number of units

Training

Grand Welcome provides a structured training program designed to prepare franchisees for successful business operations. The training includes several key components as outlined below:

  1. Initial Management Training Program: This is a mandatory two-week virtual training program that must be completed before starting operations. It includes course exams and a final certificate of training. In the franchisor’s discretion, franchisees may also be required to attend an additional two-day in-person field training with a Brand Ambassador.
  2. Remedial Training: If the franchisee or designated trainee does not satisfactorily complete the Initial Training, the franchisor may require them to repeat components of the program or terminate the agreement.
  3. Additional Training: Grand Welcome may require attendance at up to five days of additional training or national business meetings annually. These sessions can be mandatory or optional and may incur a reasonable tuition fee and travel expenses.

Territory Protection

Grand Welcome grants franchisees an exclusive territory based on defined geographic and revenue criteria, with a minimum Potential Territory Revenue (PTR) of $20 million. As long as the franchisee is in compliance, no other Grand Welcome outlet will operate within this area.

However, the franchisor retains the right to sell services within the territory under different trademarks or through alternate channels like online platforms and partnerships. Franchisees do not earn from these sales and risk territory reduction or termination if they default on the agreement.

Competitors

Below are some of

Grand Welcome

key competitors in the

Broker/Realtor

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
Sign up
Gross Profit
Sign up
EBITDA
Sign up

62

New
+
138%
138%

$49,000

$68,000

$170,000

n.a.

$220,000

$xxx,xxx

n.a.

xx%

n.a.

n.a.

xx%

n.a.

Competitors

3% Realty

3% Realty is a real estate brokerage franchise offering full-service residential listing and buyer representation at a flat three-percent commission, serving cost-conscious home sellers and buyers, and known for streamlined systems, MLS exposure, and Canada-wide recognition as a lower-commission brand.

Franchisees

?

12
+
71%
71%
Investment

?

$29,000 - $61,000

Assist-2-Sell

Assist-2-Sell is a real estate brokerage franchise offering full-service, flat-fee home listing and buyer representation, serving residential sellers and buyers, and known for discount commissions, strong marketing systems, and a proven model that competes with traditional high-commission brokerages.

Franchisees

?

109
+
-13%
-13%
Investment

?

$14,000 - $439,000

Windermere Real Estate

Windermere Real Estate is a real-estate brokerage franchise offering home-buying, selling and leasing services across multiple states, serving agents and clients, and known for community-centred culture, advanced marketing tools and proven franchise systems.

Franchisees

?

299
+
-1%
-1%
Investment

?

$271,000 - $1,171,000

Intero Real Estate Services

Intero Real Estate Services is a real-estate brokerage franchise offering full-service buying, selling and leasing of homes and commercial properties, serving agents and clients, and known for strong training, agent-centric model and technology-enabled branding.

Franchisees

?

29
+
-19%
-19%
Investment

?

$210,000 - $855,000

Valbridge

Valbridge is a valuation-services franchise offering real-estate appraisal, review and consulting services for commercial and residential markets, serving lenders, brokers and property-owners, and known for national network, compliance focus and high-quality data standards.

Franchisees

?

0
+
-100%
-100%
Investment

?

$70,000 - $164,000

Harcourts

Harcourts is a real-estate brokerage franchise offering residential and commercial brokerage services, serving property buyers, sellers and agents, and known for innovative tools, global network backing and culture focused on growth and professionalism.

Franchisees

?

24
+
20%
20%
Investment

?

$151,000 - $360,000

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