Start-Up Costs and Fees |
||
| COMPASS by Margaritaville | Wyndham Hotels & Resorts | |
| Investment | 9010000 - 31395000 | 42112580 - 69188897 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 3% | |
| Year Founded | 2020 | 1981 |
| Year Franchised | 2020 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| COMPASS by Margaritaville | Wyndham Hotels & Resorts | |
| Experience | ||
Financing Options |
||
| COMPASS by Margaritaville | Wyndham Hotels & Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| COMPASS by Margaritaville | Wyndham Hotels & Resorts | |
| Training | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops | |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform | |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 | |
Expansion Plans |
||
| COMPASS by Margaritaville | Wyndham Hotels & Resorts | |
| 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 | |
| Wyndham Hotels & Resorts | |
| Franchise Fee | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |
| Royalty Fee | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | 5% |
| Advertising Fee | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | 3% |
| Year Founded | |
| COMPASS by Margaritaville | 2020 |
| Wyndham Hotels & Resorts | 1981 |
| Year Franchised | |
| COMPASS by Margaritaville | 2020 |
| Wyndham Hotels & Resorts | 1996 |
| Term Of Agreement | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | 15-20 YEARS |
| Renewal Fee | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | Negotiable, renewable |
Business Experience Requirements |
|
| Experience | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |
Financing Options |
|
| Franchise Fees | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |
| Start-up Costs | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |
| Equipment | |
| COMPASS by Margaritaville} | |
| Wyndham Hotels & Resorts | |
| Inventory | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |
| Receivables | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |
| Payroll | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |
Training & Support |
|
| Training | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | On-The-Job Training: 3-4 days Classroom Training: 4 days Additional Training: Regional workshops |
| Support | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform |
| Marketing | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | Absentee Ownership Allowed Number of Employees Required to Run: 10 - 15 |
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 |
| Wyndham Hotels & Resorts | |
| Canada Expansion | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | 0 |
| International Expansion | |
| COMPASS by Margaritaville | |
| Wyndham Hotels & Resorts | |