Start-Up Costs and Fees |
||
| La Quinta | Margaritaville Hotels & Resorts | |
| Investment | 3822657 - 12901630 | 10175000 - 115680000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4-4.5% | |
| Advertising Fee | 4.50% | |
| Year Founded | 1968 | 1985 |
| Year Franchised | 2001 | 2019 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| La Quinta | Margaritaville Hotels & Resorts | |
| Experience | General business experience | |
Financing Options |
||
| La Quinta | Margaritaville Hotels & Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| La Quinta | Margaritaville Hotels & Resorts | |
| 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 | Margaritaville Hotels & Resorts | |
| 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 | |
| Margaritaville Hotels & Resorts | |
| Franchise Fee | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |
| Royalty Fee | |
| La Quinta | 4-4.5% |
| Margaritaville Hotels & Resorts | |
| Advertising Fee | |
| La Quinta | 4.50% |
| Margaritaville Hotels & Resorts | |
| Year Founded | |
| La Quinta | 1968 |
| Margaritaville Hotels & Resorts | 1985 |
| Year Franchised | |
| La Quinta | 2001 |
| Margaritaville Hotels & Resorts | 2019 |
| Term Of Agreement | |
| La Quinta | 20 years |
| Margaritaville Hotels & Resorts | |
| Renewal Fee | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |
Business Experience Requirements |
|
| Experience | |
| La Quinta | General business experience |
| Margaritaville Hotels & Resorts | |
Financing Options |
|
| Franchise Fees | |
| La Quinta | No |
| Margaritaville Hotels & Resorts | No |
| Start-up Costs | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |
| Equipment | |
| La Quinta} | |
| Margaritaville Hotels & Resorts | |
| Inventory | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |
| Receivables | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |
| Payroll | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |
Training & Support |
|
| Training | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |
| Support | |
| La Quinta | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives |
| Margaritaville Hotels & Resorts | |
| Marketing | |
| La Quinta | Co-op advertising, Ad slicks, National media, Regional advertising |
| Margaritaville Hotels & Resorts | |
| 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) |
| Margaritaville Hotels & Resorts | |
Expansion Plans |
|
| US Expansion | |
| La Quinta | |
| Margaritaville Hotels & Resorts | 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 | |
| Margaritaville Hotels & Resorts | |
| International Expansion | |
| La Quinta | |
| Margaritaville Hotels & Resorts | |