Start-Up Costs and Fees |
||
| COMPASS by Margaritaville | Microtel Inns & Suites | |
| Investment | 9010000 - 31395000 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 2020 | 1987 |
| Year Franchised | 2020 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| COMPASS by Margaritaville | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| COMPASS by Margaritaville | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| COMPASS by Margaritaville | Microtel Inns & Suites | |
| Training | ||
| 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, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| COMPASS by Margaritaville | Microtel Inns & 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| COMPASS by Margaritaville | 2020 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| COMPASS by Margaritaville | 2020 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
| Equipment | |
| COMPASS by Margaritaville} | |
| Microtel Inns & Suites | |
| Inventory | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
| Receivables | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
| Payroll | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |
| Support | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 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 |
| Microtel Inns & Suites | |
| Canada Expansion | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| COMPASS by Margaritaville | |
| Microtel Inns & Suites | |