Start-Up Costs and Fees |
||
| WoodSpring Suites | COMPASS by Margaritaville | |
| Investment | 5035000 - 7031000 | 9010000 - 31395000 |
| Franchise Fee | ||
| Royalty Fee | 5% | |
| Advertising Fee | 2.50% | |
| Year Founded | 2003 | 2020 |
| Year Franchised | 2004 | 2020 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| WoodSpring Suites | COMPASS by Margaritaville | |
| Experience | ||
Financing Options |
||
| WoodSpring Suites | COMPASS by Margaritaville | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| WoodSpring Suites | COMPASS by Margaritaville | |
| Training | On-The-Job Training: Upon request Classroom Training: Varies | |
| Support | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations | |
| Marketing | ||
| Operations | ||
Expansion Plans |
||
| WoodSpring 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 | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Franchise Fee | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Royalty Fee | |
| WoodSpring Suites | 5% |
| COMPASS by Margaritaville | |
| Advertising Fee | |
| WoodSpring Suites | 2.50% |
| COMPASS by Margaritaville | |
| Year Founded | |
| WoodSpring Suites | 2003 |
| COMPASS by Margaritaville | 2020 |
| Year Franchised | |
| WoodSpring Suites | 2004 |
| COMPASS by Margaritaville | 2020 |
| Term Of Agreement | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Renewal Fee | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
Business Experience Requirements |
|
| Experience | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
Financing Options |
|
| Franchise Fees | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Start-up Costs | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Equipment | |
| WoodSpring Suites} | |
| COMPASS by Margaritaville | |
| Inventory | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Receivables | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Payroll | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
Training & Support |
|
| Training | |
| WoodSpring Suites | On-The-Job Training: Upon request Classroom Training: Varies |
| COMPASS by Margaritaville | |
| Support | |
| WoodSpring Suites | Purchasing Co-ops Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| COMPASS by Margaritaville | |
| Marketing | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| Operations | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
Expansion Plans |
|
| US Expansion | |
| WoodSpring 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 | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |
| International Expansion | |
| WoodSpring Suites | |
| COMPASS by Margaritaville | |