Start-Up Costs and Fees |
||
| Microtel Inns & Suites | Margaritaville Hotels & Resorts | |
| Investment | 5709119 - 6799356 | 10175000 - 115680000 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | 2% | |
| Year Founded | 1987 | 1985 |
| Year Franchised | 1988 | 2019 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Microtel Inns & Suites | Margaritaville Hotels & Resorts | |
| Experience | General business experience | |
Financing Options |
||
| Microtel Inns & Suites | Margaritaville Hotels & Resorts | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Microtel Inns & Suites | Margaritaville Hotels & Resorts | |
| Training | ||
| 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, Regional advertising | |
| Operations | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Microtel Inns & Suites | 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 | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |
| Franchise Fee | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |
| Royalty Fee | |
| Microtel Inns & Suites | 6% |
| Margaritaville Hotels & Resorts | |
| Advertising Fee | |
| Microtel Inns & Suites | 2% |
| Margaritaville Hotels & Resorts | |
| Year Founded | |
| Microtel Inns & Suites | 1987 |
| Margaritaville Hotels & Resorts | 1985 |
| Year Franchised | |
| Microtel Inns & Suites | 1988 |
| Margaritaville Hotels & Resorts | 2019 |
| Term Of Agreement | |
| Microtel Inns & Suites | 20 years |
| Margaritaville Hotels & Resorts | |
| Renewal Fee | |
| Microtel Inns & Suites | 50% of current franchise fee |
| Margaritaville Hotels & Resorts | |
Business Experience Requirements |
|
| Experience | |
| Microtel Inns & Suites | General business experience |
| Margaritaville Hotels & Resorts | |
Financing Options |
|
| Franchise Fees | |
| Microtel Inns & Suites | No |
| Margaritaville Hotels & Resorts | No |
| Start-up Costs | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |
| Equipment | |
| Microtel Inns & Suites} | |
| Margaritaville Hotels & Resorts | |
| Inventory | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |
| Receivables | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |
| Payroll | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |
Training & Support |
|
| Training | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |
| Support | |
| Microtel Inns & Suites | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Margaritaville Hotels & Resorts | |
| Marketing | |
| Microtel Inns & Suites | Co-op advertising, Ad slicks, National media, Regional advertising |
| Margaritaville Hotels & Resorts | |
| Operations | |
| Microtel Inns & Suites | 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 - 20 Absentee ownership of franchise is allowed. |
| Margaritaville Hotels & Resorts | |
Expansion Plans |
|
| US Expansion | |
| Microtel Inns & Suites | |
| 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 | |
| Microtel Inns & Suites | 0 |
| Margaritaville Hotels & Resorts | |
| International Expansion | |
| Microtel Inns & Suites | |
| Margaritaville Hotels & Resorts | |