Start-Up Costs and Fees |
||
| COMPASS by Margaritaville | Hawthorn Suites | |
| Investment | 9010000 - 31395000 | 225693 - 12785326 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | |
| Advertising Fee | 2.50% | |
| Year Founded | 2020 | 1986 |
| Year Franchised | 2020 | 1986 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| COMPASS by Margaritaville | Hawthorn Suites | |
| Experience | ||
Financing Options |
||
| COMPASS by Margaritaville | Hawthorn Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| COMPASS by Margaritaville | Hawthorn Suites | |
| Training | Available at headquarters, Available at franchisee's location, At regional location | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| COMPASS by Margaritaville | Hawthorn Suites | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
| Franchise Fee | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
| Royalty Fee | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | 5.50% |
| Advertising Fee | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | 2.50% |
| Year Founded | |
| COMPASS by Margaritaville | 2020 |
| Hawthorn Suites | 1986 |
| Year Franchised | |
| COMPASS by Margaritaville | 2020 |
| Hawthorn Suites | 1986 |
| Term Of Agreement | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | 20 years |
| Renewal Fee | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
Financing Options |
|
| Franchise Fees | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
| Start-up Costs | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
| Equipment | |
| COMPASS by Margaritaville} | |
| Hawthorn Suites | |
| Inventory | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
| Receivables | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
| Payroll | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
Training & Support |
|
| Training | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | Available at headquarters, Available at franchisee's location, At regional location |
| Support | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | Co-op advertising, Ad slicks, National media |
| Operations | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| COMPASS by Margaritaville | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Hawthorn Suites | |
| Canada Expansion | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |
| International Expansion | |
| COMPASS by Margaritaville | |
| Hawthorn Suites | |