Start-Up Costs and Fees |
||
| COMPASS by Margaritaville | Motel 6 | |
| Investment | 9010000 - 31395000 | 206850 - 8823850 |
| Franchise Fee | 0 | |
| Royalty Fee | 5% | |
| Advertising Fee | 3.50% | |
| Year Founded | 2020 | 1962 |
| Year Franchised | 2020 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| COMPASS by Margaritaville | Motel 6 | |
| Experience | General business experience | |
Financing Options |
||
| COMPASS by Margaritaville | Motel 6 | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| COMPASS by Margaritaville | Motel 6 | |
| Training | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention | |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform | |
| Marketing | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | |
Expansion Plans |
||
| COMPASS by Margaritaville | Motel 6 | |
| 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 | Canada, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| COMPASS by Margaritaville | |
| Motel 6 | |
| Franchise Fee | |
| COMPASS by Margaritaville | |
| Motel 6 | |
| Royalty Fee | |
| COMPASS by Margaritaville | |
| Motel 6 | 5% |
| Advertising Fee | |
| COMPASS by Margaritaville | |
| Motel 6 | 3.50% |
| Year Founded | |
| COMPASS by Margaritaville | 2020 |
| Motel 6 | 1962 |
| Year Franchised | |
| COMPASS by Margaritaville | 2020 |
| Motel 6 | 1996 |
| Term Of Agreement | |
| COMPASS by Margaritaville | |
| Motel 6 | 10-15 years |
| Renewal Fee | |
| COMPASS by Margaritaville | |
| Motel 6 | 50% of current franchisee fee |
Business Experience Requirements |
|
| Experience | |
| COMPASS by Margaritaville | |
| Motel 6 | General business experience |
Financing Options |
|
| Franchise Fees | |
| COMPASS by Margaritaville | |
| Motel 6 | |
| Start-up Costs | |
| COMPASS by Margaritaville | |
| Motel 6 | |
| Equipment | |
| COMPASS by Margaritaville} | |
| Motel 6 | |
| Inventory | |
| COMPASS by Margaritaville | |
| Motel 6 | |
| Receivables | |
| COMPASS by Margaritaville | |
| Motel 6 | |
| Payroll | |
| COMPASS by Margaritaville | |
| Motel 6 | |
Training & Support |
|
| Training | |
| COMPASS by Margaritaville | |
| Motel 6 | On-The-Job Training: 25-30 hours Classroom Training: 40 hours Additional Training: Annual convention |
| Support | |
| COMPASS by Margaritaville | |
| Motel 6 | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| COMPASS by Margaritaville | |
| Motel 6 | Co-op Advertising Ad Templates National Media Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| COMPASS by Margaritaville | |
| Motel 6 | 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) |
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 |
| Motel 6 | |
| Canada Expansion | |
| COMPASS by Margaritaville | |
| Motel 6 | |
| International Expansion | |
| COMPASS by Margaritaville | |
| Motel 6 | Canada, |