The franchise offered is to operate an upscale, boutique, select service hotel under the brand COMPASS by Margaritaville.
Company Background
Margaritaville Hotels & Resorts is a leading hospitality company with over 100 locations in the Caribbean, Mexico and the United States. Our mission is to provide our guests with an unforgettable experience that exceeds their expectations while providing exceptional service from staff members who are committed to living Margaritaville's values of "Good times" and "Laid-back."
Franchise Opportunity
Vacationers are looking for a unique and unforgettable experience, but many resorts are too generic and don't offer what guests are looking for. Most resorts offer the same amenities and activities, which can be a turnoff for vacationers who are looking for something new. Margaritaville Hotels & Resorts is the solution. Our resorts offer an island-inspired escape that will make you feel like you're on vacation all year round. From our signature Margaritas to the lush tropical surroundings, we provide an escape that is both unique and unforgettable.
Corporate Structure
We are a limited liability company formed in Delaware. Our principal business address is 6900 Turkey Lake Road, Suite 200, Orlando, Florida 32819, and our telephone number is (407) 203 2626. If we have an agent for service of process in your state, we disclose that agent in Exhibit A. We do business only under our company name and the COMPASS Intellectual Property (defined below). We have never operated COMPASS Hotels. We have no predecessors and no business activities that are not described here. One of our parent companies is Margaritaville Enterprises, LLC, whose principal business address is the same as ours. Another parent company is Margaritaville Holdings LLC, whose principal business address is the same as ours. We have offered franchises for COMPASS Hotels since 2018 and have never offered franchises in any other line of business. Prior to offering franchises, we, through affiliated entities, entered into trademark license agreements for COMPASS Hotels in some locations.
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COMPASS by Margaritaville Hotels and Resorts Franchise System Development in 2022
FAQ
How much investment do I need to start my own COMPASS by Margaritaville Hotels and Resorts business?
Franchisees typically require at least $10 to $37 investment to get their COMPASS by Margaritaville Hotels and Resorts business started
What are the initial franchise fees for COMPASS by Margaritaville Hotels and Resorts?
Franchisees typically need to pay at least $141 in fees directly to COMPASS by Margaritaville Hotels and Resorts in order to earn the right to launch their business
How much money can I make with a COMPASS by Margaritaville Hotels and Resorts franchise? What are
the average revenues for a typical COMPASS by Margaritaville Hotels and Resorts business?
We haven’t done the math on how much revenue a typical
COMPASS by Margaritaville Hotels and Resorts brings in each year. We estimate that other
franchisees in the Lodging & Leisure industry generate
$882,894 revenue, so we would expect
COMPASS by Margaritaville Hotels and Resorts to generate a similar amount
How long do I need to commit to running a COMPASS by Margaritaville Hotels and Resorts unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
4 /10
The Franchisor's investment costs ranges from
$10,151,300 to $37,430,300
which is
Much Higher
than the $0 to $0 average in the Lodging industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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