Start-Up Costs and Fees |
||
| Wingate by Wyndham | COMPASS by Margaritaville | |
| Investment | 375465 - 10816446 | 9010000 - 31395000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 1995 | 2020 |
| Year Franchised | 1995 | 2020 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Wingate by Wyndham | COMPASS by Margaritaville | |
| Experience | ||
Financing Options |
||
| Wingate by Wyndham | COMPASS by Margaritaville | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Wingate by Wyndham | COMPASS by Margaritaville | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, National media, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Wingate by Wyndham | 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 | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
| Franchise Fee | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
| Royalty Fee | |
| Wingate by Wyndham | 4.50% |
| COMPASS by Margaritaville | |
| Advertising Fee | |
| Wingate by Wyndham | 4% |
| COMPASS by Margaritaville | |
| Year Founded | |
| Wingate by Wyndham | 1995 |
| COMPASS by Margaritaville | 2020 |
| Year Franchised | |
| Wingate by Wyndham | 1995 |
| COMPASS by Margaritaville | 2020 |
| Term Of Agreement | |
| Wingate by Wyndham | 20 years |
| COMPASS by Margaritaville | |
| Renewal Fee | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
Business Experience Requirements |
|
| Experience | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
Financing Options |
|
| Franchise Fees | |
| Wingate by Wyndham | No |
| COMPASS by Margaritaville | No |
| Start-up Costs | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
| Equipment | |
| Wingate by Wyndham} | |
| COMPASS by Margaritaville | |
| Inventory | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
| Receivables | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
| Payroll | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
Training & Support |
|
| Training | |
| Wingate by Wyndham | Regional workshops |
| COMPASS by Margaritaville | |
| Support | |
| Wingate by Wyndham | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives |
| COMPASS by Margaritaville | |
| Marketing | |
| Wingate by Wyndham | Co-op advertising, National media, Regional advertising |
| COMPASS by Margaritaville | |
| Operations | |
| Wingate by Wyndham | International franchisees required to buy multiple units/master licenses; 5% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 20 Absentee ownership of franchise is allowed. |
| COMPASS by Margaritaville | |
Expansion Plans |
|
| US Expansion | |
| Wingate by Wyndham | |
| 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 | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |
| International Expansion | |
| Wingate by Wyndham | |
| COMPASS by Margaritaville | |