Franchise FAQ

how much is a margaritaville franchise

by Chris Stamm Published 2 years ago Updated 1 year ago
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The total investment necessary to begin operation of a Margaritaville Hotel or Resort with 210 guest rooms ranges from $10,175,000-$115,680,000. This includes an amount ranging from $127,500 to $257,605 that must be paid to the franchisor or affiliate.

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Are Margaritaville resorts franchised?

Margaritaville is a franchise and license system in a hospitality and retail network comprised primarily of franchised and licensed Margaritaville branded hotels, resorts, and restaurants.

Does Jimmy Buffett still own Margaritaville?

The brand is named after Buffett's hit song "Margaritaville" and is owned by Margaritaville Holdings LLC (a subsidiary of Cheeseburger Holding Company, LLC)....Jimmy Buffett's Margaritaville.Jimmy Buffett's Margaritaville in Key West, FloridaTypeHolding companyFounderJimmy BuffettHeadquartersOrlando, Florida , United States6 more rows

Why is Margaritaville closing?

On 22 March the resort closed its doors due to the COVID-19 pandemic. Water and other utility services were suspended. A statement on its website read in part, “The property owners intend to reopen on October 31, 2020. However, the resort will not reopen as a Margaritaville resort.

Who owns Margaritaville Beach resort?

Pebblebrook Hotel TrustPebblebrook Hotel Trust has acquired the 369-room oceanfront Margaritaville Hollywood Beach Resort in Hollywood, FL, for $270 million from an affiliate of KSL Capital Partners LLC.

What is Jimmy Buffett's net worth?

$900 millionBuffett is one of the world's richest musicians, with a net worth as of 2017 of $900 million....Jimmy BuffettBirth nameJames William BuffettBornDecember 25, 1946 Pascagoula, Mississippi, U.S.OriginKey West, Florida, U.S.9 more rows

Where is the largest Margaritaville?

Grand Turk Cruise CenterLocated at Grand Turk Cruise Center The Grand Turk Cruise Center is the only cruise port in the Turks and Caicos, and is a large complex that's home to many shops and the largest Jimmy Buffett's Margaritaville in the Caribbean.

What happened to Margaritaville Las Vegas?

The Southern Nevada Health District shut down the food prep area at Jimmy Buffett's Margaritaville at the Flamingo Las Vegas after inspectors found no hot water on July 29.

Can kids live at latitude Margaritaville?

To be eligible to purchase, one person per household must be 55 or better and no children under 18 are allowed as a permanent residence.

Is Margaritaville in Pensacola closed?

Margaritaville Beach Hotel Pensacola is temporarily closed as we recover from the effects of Hurricane Sally.

How much does latitude Margaritaville cost?

In each of the communities, homes range from high $200,000s to mid $400,000s. Latitude Margaritaville lots can be purchased for as low as $500 (up to about $35,000). As far as monthly HOA fees, a Latitude Margaritaville member can expect to pay between $250-$290 a month for a “maintenance-free” lifestyle.

How many Margaritaville's are in Florida?

They may have locations around the world, but Margaritaville — with its main office in Orlando — has a special place in its heart for Florida. There are six of the luxury hotels here, two of the retirement communities, and lots of bars.

Where is the first original Margaritaville?

The Original Margaritaville is a locally owned restaurant in Sandusky, Ohio, which opened in 1981 long before singer-songwriter Jimmy Buffett opened his chain of restaurants and trademarked the name—making this the original one without any association with Jimmy Buffett.

How much does Jimmy Buffett make off of Margaritaville?

Margaritaville Holdings brought in $1.5 billion in revenue in the last year. Jimmy Buffett has a net worth of $600 million.

Who owns Margaritaville Lake Lanier?

Safe Harbor Development owner Darby Campbell and Margaritaville CEO John Cohlan talked with The Times on Wednesday, June 13, at the newest Margaritaville location about their plans for the 1,500 acres of the islands on the southern end of Lake Lanier.

Who owns Margaritaville in Jamaica?

Ian DearThe MoBay Margaritaville was opened in 1995 by Jamaican owners Brian Jardim and Ian Dear and hasn't stopped offering fun by the glass since, including some 52 tropical-flavored margaritas and the signature 22-ounce bongs of beer.

Who owns Margaritaville Brewing Company?

Anheuser-Busch Companies, Inc. is an American brewing company and a wholly owned subsidiary of Anheuser-Busch InBev (AB InBev).

The Latest

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Easygoing luxury with gourmet food and beverage are waiting for you at Margaritaville's new all-inclusive resorts in Riviera Cancun and Cap Cana.

Where are Margaritaville restaurants located?

There are locations in the United States, Canada, and Mexico, six island locations throughout the Caribbean as well as in Sydney, Australia since September 2012. Some locations are franchise owned, such as the Caribbean, Australian, and Mexican locations. In 2014, a Brazilian company bought 12 Margaritaville Restaurants and the rights to expand ...

How many rooms are there at Margaritaville?

The 349-room Margaritaville Hollywood Beach Resort opened in 2015 in Hollywood, Florida.

When did Caesars Entertainment build the Margaritaville Casino?

On May 15, 2007, Harrah's Entertainment, now Caesars Entertainment Corp. announced plans to build the $700 million Margaritaville Casino Resort in Biloxi, Mississippi on the site of the former Grand Casino Biloxi and Casino Magic Biloxi properties. Due to the U.S. recession, however, construction of the casino ceased on June 10, 2008.

What is Jimmy Buffett's Margaritaville?

Jimmy Buffett's Margaritaville is the name of a United States-based hospitality company that manages and franchises a casual dining American restaurant chain, a chain of stores selling Jimmy Buffett -themed merchandise, and casinos with lodging facilities.

What is Jimmy Buffett's restaurant?

Jimmy Buffett's Margaritaville is the name of a United States-based hospitality company that manages and franchises a casual dining American restaurant chain, a chain of stores selling Jimmy Buffett -themed merchandise, and casinos with lodging facilities. The brand is named after Buffett's hit song " Margaritaville ...

When will Latitude Margaritaville Watersound break ground?

Current plans call for 3,000+ homes once the community is complete. Latitude Margaritaville Watersound will break ground in late 2019 and will be the third of the communities to be developed.

Where was the first Margaritaville in Key West?

In 1985, Buffett opened his first successful "Margaritaville" retail store in Key West, Florida, following a failed Margaritaville in Gulf Shores, Alabama.

When was Margaritaville released?

When "Margaritaville" was released to radio stations in 1977, the single edit ran for 3:20, cutting out the instrumental break, and the section during the third chorus and final refrain. So the song structure changed to "riff-verse-chorus-verse-chorus-verse-chorus-riff", and the track itself was sped up at half-step.

Where is Jimmy Buffett's Margaritaville?

Jimmy Buffett's Margaritaville, a casual dining restaurant chain, tourist destination and chain of stores selling Buffett-themed franchise merchandise in Jamaica, Mexico and the U.S. In 1985, Buffett opened a "Margaritaville" restaurant in Key West, though his first was in Gulf Shores, Alabama. Margaritaville margarita mix (manufactured by Mott's) ...

What is Buffett's signature song?

As Buffett's signature song, "Margaritaville" has been used in a number of commercial ventures and product licensing tie-ins including: Radio Margaritaville, a radio station that broadcasts on the Internet and Sirius XM Radio. Tales from Margaritaville, a collection of short stories by Buffett.

What is the name of Buffett's cocktail margarita?

Billboard ranked it number 14 on its 1977 Pop Singles year-end chart. It remains. Buffett's highest charting solo single. Named for the cocktail margarita, with lyrics reflecting a laid-back lifestyle in a tropical climate, "Margaritaville" has come to define Buffett's music and career.

What are some of Jimmy Buffett's songs?

As Buffett's signature song, "Margaritaville" has been used in a number of commercial ventures and product licensing tie-ins including: 1 Radio Margaritaville, a radio station that broadcasts on the Internet and Sirius XM Radio 2 Tales from Margaritaville, a collection of short stories by Buffett 3 Jimmy Buffett's Margaritaville, a casual dining restaurant chain, tourist destination and chain of stores selling Buffett-themed franchise merchandise in Jamaica, Mexico and the U.S. In 1985, Buffett opened a "Margaritaville" restaurant in Key West, though his first was in Gulf Shores, Alabama. 4 Margaritaville margarita mix (manufactured by Mott's) 5 Margaritaville tequila 6 Margaritaville bottled malt beverages 7 Margaritaville branded Landshark Lager 8 Margaritaville Frozen Concoction Maker 9 Margaritaville chips & salsa 10 Margaritaville chicken wings 11 Margaritaville frozen seafood 12 Margaritaville Soles of the Tropics footwear 13 Margaritaville men's & women's apparel 14 Margaritaville outdoor & beach furniture 15 Margaritaville key-lime pie filling mix 16 Margaritaville beach cruiser bicycles produced by Bicycle Corporation of America, a division of Kent International

Who wrote the song Margaritaville?

A margarita cocktail: the inspiration for "Margaritaville". " Margaritaville " is a 1977 song by American popular music singer-songwriter Jimmy Buffett from the album Changes in Latitudes, Changes in Attitudes.

Is Margaritaville in the Hall of Fame?

The song was mentioned in Blake Shelton 's 2004 single " Some Beach ". "Margaritaville" has been inducted into the 2016 Grammy Hall of Fame for its cultural and historic significance. Buffett maintains a resort chain by the same name.

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