Start-Up Costs and Fees |
||
| COMPASS by Margaritaville | WoodSpring Suites | |
| Investment | 9010000 - 31395000 | 5035000 - 7031000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 2.50% | |
| Year Founded | 2020 | 2003 |
| Year Franchised | 2020 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| COMPASS by Margaritaville | WoodSpring Suites | |
| Experience | ||
Financing Options |
||
| COMPASS by Margaritaville | WoodSpring Suites | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| COMPASS by Margaritaville | WoodSpring Suites | |
| Training | On-The-Job Training: Upon request Classroom Training: Varies | |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| COMPASS by Margaritaville | WoodSpring 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 | |
| WoodSpring Suites | |
| Franchise Fee | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| Royalty Fee | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | 5% |
| Advertising Fee | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | 2.50% |
| Year Founded | |
| COMPASS by Margaritaville | 2020 |
| WoodSpring Suites | 2003 |
| Year Franchised | |
| COMPASS by Margaritaville | 2020 |
| WoodSpring Suites | 2004 |
| Term Of Agreement | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| Renewal Fee | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
Business Experience Requirements |
|
| Experience | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
Financing Options |
|
| Franchise Fees | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| Start-up Costs | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| Equipment | |
| COMPASS by Margaritaville} | |
| WoodSpring Suites | |
| Inventory | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| Receivables | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| Payroll | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
Training & Support |
|
| Training | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| Support | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| Operations | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
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 |
| WoodSpring Suites | |
| Canada Expansion | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |
| International Expansion | |
| COMPASS by Margaritaville | |
| WoodSpring Suites | |