Start-Up Costs and Fees |
||
| Margaritaville Hotels & Resorts | Microtel Inns & Suites | |
| Investment | 10175000 - 115680000 | 5709119 - 6799356 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1985 | 1987 |
| Year Franchised | 2019 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Margaritaville Hotels & Resorts | Microtel Inns & Suites | |
| Experience | General business experience | |
Financing Options |
||
| Margaritaville Hotels & Resorts | Microtel Inns & Suites | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Margaritaville Hotels & Resorts | Microtel Inns & Suites | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Margaritaville Hotels & Resorts | Microtel Inns & 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
| Franchise Fee | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
| Royalty Fee | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | 6% |
| Advertising Fee | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | 2% |
| Year Founded | |
| Margaritaville Hotels & Resorts | 1985 |
| Microtel Inns & Suites | 1987 |
| Year Franchised | |
| Margaritaville Hotels & Resorts | 2019 |
| Microtel Inns & Suites | 1988 |
| Term Of Agreement | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | 20 years |
| Renewal Fee | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | General business experience |
Financing Options |
|
| Franchise Fees | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
| Start-up Costs | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
| Equipment | |
| Margaritaville Hotels & Resorts} | |
| Microtel Inns & Suites | |
| Inventory | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
| Receivables | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
| Payroll | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
Training & Support |
|
| Training | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |
| Support | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
Expansion Plans |
|
| US Expansion | |
| Margaritaville Hotels & Resorts | 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 |
| Microtel Inns & Suites | |
| Canada Expansion | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | 0 |
| International Expansion | |
| Margaritaville Hotels & Resorts | |
| Microtel Inns & Suites | |