Start-Up Costs and Fees |
||
| COMPASS by Margaritaville | Wingate by Wyndham | |
| Investment | 9010000 - 31395000 | 375465 - 10816446 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 2020 | 1995 |
| Year Franchised | 2020 | 1995 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| COMPASS by Margaritaville | Wingate by Wyndham | |
| Experience | ||
Financing Options |
||
| COMPASS by Margaritaville | Wingate by Wyndham | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| COMPASS by Margaritaville | Wingate by Wyndham | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| COMPASS by Margaritaville | Wingate by Wyndham | |
| 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 | |
| Wingate by Wyndham | |
| Franchise Fee | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
| Royalty Fee | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | 4.50% |
| Advertising Fee | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | 4% |
| Year Founded | |
| COMPASS by Margaritaville | 2020 |
| Wingate by Wyndham | 1995 |
| Year Franchised | |
| COMPASS by Margaritaville | 2020 |
| Wingate by Wyndham | 1995 |
| Term Of Agreement | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | 20 years |
| Renewal Fee | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
Business Experience Requirements |
|
| Experience | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
Financing Options |
|
| Franchise Fees | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
| Start-up Costs | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
| Equipment | |
| COMPASS by Margaritaville} | |
| Wingate by Wyndham | |
| Inventory | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
| Receivables | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
| Payroll | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
Training & Support |
|
| Training | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | Regional workshops |
| Support | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | Co-op advertising, National media, Regional advertising |
| Operations | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 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 |
| Wingate by Wyndham | |
| Canada Expansion | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |
| International Expansion | |
| COMPASS by Margaritaville | |
| Wingate by Wyndham | |