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