Torrance, CA, April 12, 2022 – Grand Welcome was recognized as one of the Top New and Emerging Franchises in 2022 in the April/May issue of Entrepreneur magazine, on newsstands now. The ranking highlights the newest and hottest companies that have begun offering franchise opportunities since 2017. Grand Welcome was ranked 67 of 150 on their list.
“We are delighted to be acknowledged by Entrepreneur as a Top New & Emerging Franchise,” said Vice President of Franchise Development, Kevin Drudge. “Grand Welcome is well-positioned to accommodate serious growth as we continue to become the dominant player in the short-term, vacation rental property management space. People are excited to become part of Grand Welcome and are acquiring franchises across the U.S.”
He continued, “In fact, in just 2 short years, in the midst of a global pandemic, Grand welcome now has grown to over 25 locations awarded with operations in 15 states. We are on track to double that by the end of this year and increasing staff to accommodate our rapid success.”
The Top New and Emerging Franchises ranking is based on information submitted to Entrepreneur for its annual Franchise 500® and is part of the brand’s continuing effort to best understand and evaluate the ever-changing franchise marketplace. To qualify for inclusion on the 2022 list, companies featured have been offering a franchise model for five years or fewer and were assessed across multiple data points including unit growth, start-up costs and fees, training and support, the parent company’s financial stability, and brand strength.
“Entrepreneur’s Top New and Emerging List not only highlights some of the hottest companies in the franchise business, but underscores that creativity and innovation are alive and well in 2022,” said Entrepreneur Senior Vice President of Franchising Liane Caruso. “Each year approximately 300 brands begin franchising their concepts, showcasing the incredible diversity, opportunity, and accessibility that exists for today’s entrepreneur.”
To view Grand Welcome in the full ranking, visit https://www.entrepreneur.com/franchises/topnew. Results can also be seen in the April/May issue of Entrepreneur, available on newsstands now.
About Grand Welcome
Over the last decade, Grand Welcome has become one of the leading short-term rental property management businesses in the United States. Founded in 2009, the company is consistently growing the number of franchise locations, properties, and range of destinations they offer to valued and loyal customers.
Short-term rentals are expected to exceed $58 billion in reservation sales in 2022 and are projected to experience revenue growth of more than 7% annually. Grand Welcome is proud to be a part of this booming industry.
For more information on Grand Welcome Franchise, click here.