La Quinta vs COMPASS by Margaritaville Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of La Quinta vs COMPASS by Margaritaville including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  La Quinta COMPASS by Margaritaville
Investment 3822657 - 12901630 9010000 - 31395000
Franchise Fee 0
Royalty Fee 4-4.5%
Advertising Fee 4.50%
Year Founded 1968 2020
Year Franchised 2001 2020
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  La Quinta COMPASS by Margaritaville
Experience General business experience

Financing Options
  La Quinta COMPASS by Margaritaville
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  La Quinta COMPASS by Margaritaville
Training
Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Co-op advertising, Ad slicks, National media, Regional advertising
Operations 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)

Expansion Plans
  La Quinta 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
La Quinta
COMPASS by Margaritaville
Franchise Fee
La Quinta
COMPASS by Margaritaville
Royalty Fee
La Quinta 4-4.5%
COMPASS by Margaritaville
Advertising Fee
La Quinta 4.50%
COMPASS by Margaritaville
Year Founded
La Quinta 1968
COMPASS by Margaritaville 2020
Year Franchised
La Quinta 2001
COMPASS by Margaritaville 2020
Term Of Agreement
La Quinta 20 years
COMPASS by Margaritaville
Renewal Fee
La Quinta
COMPASS by Margaritaville


Business Experience Requirements
Experience
La Quinta General business experience
COMPASS by Margaritaville

Financing Options
 
Franchise Fees
La Quinta No
COMPASS by Margaritaville No
Start-up Costs
La Quinta
COMPASS by Margaritaville
Equipment
La Quinta}
COMPASS by Margaritaville
Inventory
La Quinta
COMPASS by Margaritaville
Receivables
La Quinta
COMPASS by Margaritaville
Payroll
La Quinta
COMPASS by Margaritaville

Training & Support
Training
La Quinta
COMPASS by Margaritaville
Support
La Quinta Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives
COMPASS by Margaritaville
Marketing
La Quinta Co-op advertising, Ad slicks, National media, Regional advertising
COMPASS by Margaritaville
Operations
La Quinta 15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 20 - 25 Absentee ownership of franchise is allowed. (98% of current franchisees are owner/operators)
COMPASS by Margaritaville

Expansion Plans
US Expansion
La Quinta
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
La Quinta
COMPASS by Margaritaville
International Expansion
La Quinta
COMPASS by Margaritaville