Question 1

How much does it cost to open a Compass by Margaritaville franchise?

Accepted Answer

The total initial investment for a Compass by Margaritaville franchise ranges from $10.4M to $57.9M, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Compass by Margaritaville franchise fee?

Accepted Answer

The initial franchise fee for Compass by Margaritaville is $65K.

Question 3

What are the net worth requirements for a Compass by Margaritaville franchise?

Accepted Answer

Net worth requirements for Compass by Margaritaville are specified in the Franchise Disclosure Document.

Question 4

Does Compass by Margaritaville require a personal guarantee?

Accepted Answer

Yes, Compass by Margaritaville requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Compass by Margaritaville franchise?

Accepted Answer

Equipment costs for a Compass by Margaritaville franchise range from $1.8M to $2.1M. Initial inventory costs range from $500K to $1.0M.