Start-Up Costs and Fees |
||
| Ramada Worldwide | COMPASS by Margaritaville | |
| Investment | 220731 - 9291313 | 9010000 - 31395000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 2020 |
| Year Franchised | 1990 | 2020 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | COMPASS by Margaritaville | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | COMPASS by Margaritaville | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | COMPASS by Margaritaville | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Ramada Worldwide | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
| Franchise Fee | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| COMPASS by Margaritaville | |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| COMPASS by Margaritaville | |
| Year Founded | |
| Ramada Worldwide | 1954 |
| COMPASS by Margaritaville | 2020 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| COMPASS by Margaritaville | 2020 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| COMPASS by Margaritaville | |
| Renewal Fee | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| COMPASS by Margaritaville | No |
| Start-up Costs | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
| Equipment | |
| Ramada Worldwide} | |
| COMPASS by Margaritaville | |
| Inventory | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
| Receivables | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
| Payroll | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| COMPASS by Margaritaville | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| COMPASS by Margaritaville | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| COMPASS by Margaritaville | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| COMPASS by Margaritaville | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| 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 | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |
| International Expansion | |
| Ramada Worldwide | |
| COMPASS by Margaritaville | |