Investment Costs

Start-up Costs

For existing vacation rental managers the initial start-up costs will vary based on your current operations and size of your existing short-term rental business including number of properties managed, overall revenue, technology utilized, etc. The following costs may not be relevant to your situation.

For new franchisees not currently managing properties, depending on the size of your protected territory, the typical franchisee investment will range from $65,250 to $154,250 The investment ranges and breakdown* is as follows for a start-up franchise business:

Type of ExpenditureAmountMethod of PaymentWhen DueTo Whom Paid
Initial Franchise Fee$49,000 - $109,000Lump Sum payment in cash or available fundsUpon signing the Franchise AgreementUs
Licenses and Permits$500 - $1,000As required by Government AgenciesBefore opening, as required by Government AgenciesGovernment Agencies
Real Estate Brokerage License$0 - $5,000As required by Government AgenciesBefore opening, as required by Government AgenciesGovernment Agencies, Training Program Provider
Computer Systems$500 - $3,500As required by SuppliersBefore openingSuppliers
Branding and Promotional Materials$250 - $750As incurredBefore openingSuppliers
Additional Funds - 3 months$15,000 - $35,000As incurredIn accordance with agreed termsEmployees, suppliers, etc.,
Total$65,250 - $154,250

*See our Franchise Disclosure Document for details on all costs

HOW DO I

Finance my business?

Grand Welcome maintains relationships with third-party financial institutions specializing in ROBBS (401K rollover options), and other financing vehicles. 

Franchisees often use HELOC (home equity lines of credit) or self-fund. At the appropriate time, we will review your finances and help you determine your best financing options.
Available Markets

300+ Territories still available!

Download our full list of available territories
Image
Contact us if the market you are interested in is not on this list.

Hear from our Franchise Owners

You could be the next one