Start-Up Costs and Fees |
||
| Ramada Worldwide | Margaritaville Hotels & Resorts | |
| Investment | 220731 - 9291313 | 10175000 - 115680000 |
| Franchise Fee | 0 | |
| Royalty Fee | 4.50% | |
| Advertising Fee | 4% | |
| Year Founded | 1954 | 1985 |
| Year Franchised | 1990 | 2019 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Ramada Worldwide | Margaritaville Hotels & Resorts | |
| Experience | ||
Financing Options |
||
| Ramada Worldwide | Margaritaville Hotels & Resorts | |
| Franchise Fees | No | |
| Start-up Costs | Yes | |
| Equipment | Yes | |
| Inventory | Yes | |
| Receivables | Yes | |
| Payroll | Yes | |
Training & Support |
||
| Ramada Worldwide | Margaritaville Hotels & Resorts | |
| Training | Regional workshops | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. | |
Expansion Plans |
||
| Ramada Worldwide | 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 | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
| Franchise Fee | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
| Royalty Fee | |
| Ramada Worldwide | 4.50% |
| Margaritaville Hotels & Resorts | |
| Advertising Fee | |
| Ramada Worldwide | 4% |
| Margaritaville Hotels & Resorts | |
| Year Founded | |
| Ramada Worldwide | 1954 |
| Margaritaville Hotels & Resorts | 1985 |
| Year Franchised | |
| Ramada Worldwide | 1990 |
| Margaritaville Hotels & Resorts | 2019 |
| Term Of Agreement | |
| Ramada Worldwide | 15-20 years |
| Margaritaville Hotels & Resorts | |
| Renewal Fee | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
Business Experience Requirements |
|
| Experience | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
Financing Options |
|
| Franchise Fees | |
| Ramada Worldwide | No |
| Margaritaville Hotels & Resorts | No |
| Start-up Costs | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
| Equipment | |
| Ramada Worldwide} | |
| Margaritaville Hotels & Resorts | |
| Inventory | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
| Receivables | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
| Payroll | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
Training & Support |
|
| Training | |
| Ramada Worldwide | Regional workshops |
| Margaritaville Hotels & Resorts | |
| Support | |
| Ramada Worldwide | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Margaritaville Hotels & Resorts | |
| Marketing | |
| Ramada Worldwide | Co-op advertising, Ad slicks, National media, Regional advertising |
| Margaritaville Hotels & Resorts | |
| Operations | |
| Ramada Worldwide | Number of employees needed to run franchised unit: 10 - 15 Absentee ownership of franchise is allowed. |
| Margaritaville Hotels & Resorts | |
Expansion Plans |
|
| US Expansion | |
| Ramada Worldwide | |
| 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 | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |
| International Expansion | |
| Ramada Worldwide | |
| Margaritaville Hotels & Resorts | |