Start-Up Costs and Fees |
||
| COMPASS by Margaritaville | Ramada Worldwide | |
| Investment | 9010000 - 31395000 | 220731 - 9291313 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 2020 | 1954 |
| Year Franchised | 2020 | 1990 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| COMPASS by Margaritaville | Ramada Worldwide | |
| Experience | ||
Financing Options |
||
| COMPASS by Margaritaville | Ramada Worldwide | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| COMPASS by Margaritaville | Ramada Worldwide | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| COMPASS by Margaritaville | Ramada Worldwide | |
| 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 | |
| Ramada Worldwide | |
| Franchise Fee | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
| Royalty Fee | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | 4.50% |
| Advertising Fee | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | 4% |
| Year Founded | |
| COMPASS by Margaritaville | 2020 |
| Ramada Worldwide | 1954 |
| Year Franchised | |
| COMPASS by Margaritaville | 2020 |
| Ramada Worldwide | 1990 |
| Term Of Agreement | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | 15-20 years |
| Renewal Fee | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
Business Experience Requirements |
|
| Experience | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
Financing Options |
|
| Franchise Fees | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
| Start-up Costs | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
| Equipment | |
| COMPASS by Margaritaville} | |
| Ramada Worldwide | |
| Inventory | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
| Receivables | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
| Payroll | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
Training & Support |
|
| Training | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | Regional workshops |
| Support | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 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 |
| Ramada Worldwide | |
| Canada Expansion | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |
| International Expansion | |
| COMPASS by Margaritaville | |
| Ramada Worldwide | |