Grand Welcome Just One of 100 Companies Named a 2023 Top Low-Cost Franchise by Franchise Business Review
Independent Research Data Shows Franchisees Are Highly Satisfied with Their Investment in Grand Welcome
Torrance, CA | April 2023 – Grand Welcome was identified by independent franchise research firm, Franchise Business Review, as a 2023 Top Low-Cost Franchise.
Grand Welcome is a leading short-term vacation rental franchise offering full-service property management to property owners and great lodging options for traveling guests in destinations across the US. Grand Welcome is part of a rapidly expanding industry – short-term rentals are replacing hotels for travelers post-covid and already seeing record bookings compared to levels in 2019. In fact, short-term rentals represent the fastest-growing segment of the $200 billion travel industry.
Franchise Business Review (FBR) provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. FBR publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in quarterly reports throughout the year that rank the top franchises in specific sectors.
Nearly 12,000 franchisees representing over 135 low-cost brands participated in Franchise Business Review’s franchisee satisfaction survey over 18 months. The brands that were named to the list of the best low-cost franchises to buy had to have high franchisee satisfaction and an investment of under $100,000 at the time their franchisees participated in FBR’s satisfaction survey.
Grand Welcome’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, culture, and financial opportunity.
“One of the most common myths around buying a franchise is that it’s too expensive. But what many people don’t know is that there are a number of very solid business opportunities out there that can provide the satisfaction and perks of business ownership but don’t require a huge financial investment,” said Eric Stites, CEO of Franchise Business Review. “Approximately one-third of the franchise companies we survey have initial investments starting under $100K, and with financing, many can be started for as little as $15-$20K, with a few options starting under $10K. More importantly, the franchises that made this year’s list of the Top Low-Cost Franchises have average owner satisfaction 12% higher than our industry benchmark, making them all excellent options for entrepreneurs considering franchise ownership.”
Visit FranchiseBusinessReview.com to see the full list of 2023 Top Franchises.
About Grand Welcome
Named one of Entrepreneur magazine’s Top New and Emerging Franchises of 2022 and 2023, 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 it offers to valued and loyal customers. To learn more about Grand Welcome franchise opportunities, visit www.grandwelcomefranchise.com or call 803.991.4297.
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures the satisfaction and engagement of franchisees and franchise employees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,200 leading franchise companies. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at http://www.FranchiseBusinessReview.com. To read our publications, visit https://franchisebusinessreview.com/page/publications/.
Leave A Comment