Start-Up Costs and Fees |
||
| Microtel Inns & Suites | COMPASS by Margaritaville | |
| Investment | 5709119 - 6799356 | 9010000 - 31395000 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 2020 |
| Year Franchised | 1988 | 2020 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | COMPASS by Margaritaville | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | COMPASS by Margaritaville | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | COMPASS by Margaritaville | |
| 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 |
||
| Microtel Inns & Suites | COMPASS by Margaritaville | |
| 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 | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| COMPASS by Margaritaville | |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| COMPASS by Margaritaville | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| COMPASS by Margaritaville | 2020 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| COMPASS by Margaritaville | 2020 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| COMPASS by Margaritaville | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| COMPASS by Margaritaville | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| COMPASS by Margaritaville | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| COMPASS by Margaritaville | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |
| Equipment | |
| Microtel Inns & Suites} | |
| COMPASS by Margaritaville | |
| Inventory | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |
| Receivables | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |
| Payroll | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| COMPASS by Margaritaville | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| COMPASS by Margaritaville | |
| Operations | |
| 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. |
| COMPASS by Margaritaville | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| 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 |
| Canada Expansion | |
| Microtel Inns & Suites | 0 |
| COMPASS by Margaritaville | |
| International Expansion | |
| Microtel Inns & Suites | |
| COMPASS by Margaritaville | |