Start-Up Costs and Fees |
||
| Hawthorn Suites | COMPASS by Margaritaville | |
| Investment | 225693 - 12785326 | 9010000 - 31395000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | |
| Advertising Fee | 2.50% | |
| Year Founded | 1986 | 2020 |
| Year Franchised | 1986 | 2020 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Hawthorn Suites | COMPASS by Margaritaville | |
| Experience | ||
Financing Options |
||
| Hawthorn Suites | COMPASS by Margaritaville | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Hawthorn Suites | COMPASS by Margaritaville | |
| Training | Available at headquarters, Available at franchisee's location, At regional location | |
| 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 | |
| Operations | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Hawthorn 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
| Franchise Fee | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
| Royalty Fee | |
| Hawthorn Suites | 5.50% |
| COMPASS by Margaritaville | |
| Advertising Fee | |
| Hawthorn Suites | 2.50% |
| COMPASS by Margaritaville | |
| Year Founded | |
| Hawthorn Suites | 1986 |
| COMPASS by Margaritaville | 2020 |
| Year Franchised | |
| Hawthorn Suites | 1986 |
| COMPASS by Margaritaville | 2020 |
| Term Of Agreement | |
| Hawthorn Suites | 20 years |
| COMPASS by Margaritaville | |
| Renewal Fee | |
| Hawthorn Suites | 50% of current franchise fee |
| COMPASS by Margaritaville | |
Business Experience Requirements |
|
| Experience | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
Financing Options |
|
| Franchise Fees | |
| Hawthorn Suites | No |
| COMPASS by Margaritaville | No |
| Start-up Costs | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
| Equipment | |
| Hawthorn Suites} | |
| COMPASS by Margaritaville | |
| Inventory | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
| Receivables | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
| Payroll | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
Training & Support |
|
| Training | |
| Hawthorn Suites | Available at headquarters, Available at franchisee's location, At regional location |
| COMPASS by Margaritaville | |
| Support | |
| Hawthorn Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| COMPASS by Margaritaville | |
| Marketing | |
| Hawthorn Suites | Co-op advertising, Ad slicks, National media |
| COMPASS by Margaritaville | |
| Operations | |
| Hawthorn Suites | 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 30 Absentee ownership of franchise is allowed. |
| COMPASS by Margaritaville | |
Expansion Plans |
|
| US Expansion | |
| Hawthorn 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 | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |
| International Expansion | |
| Hawthorn Suites | |
| COMPASS by Margaritaville | |