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Maryland resort finds franchise interest on LI

Seacrets resort, Ocean City, Md.

Seacrets resort, Ocean City, Md. Credit: Handout

Investors have expressed interest in an opening a Long Island franchise of the Ocean City, Md., beach resort Seacrets, a trade publication says.

Initial investments would range from $1.6 million to $3 million including a franchise fee of $45,000, and franchisees pay 6 percent of gross revenues as royalties, along with up to 2 percent of gross revenues for marketing.

The online report did not give the names of those interested in a Long Island franchise for Seacrets.

"After 23 years of continuing success in Ocean City, Md., Seacrets is looking to franchise the business. Seventy prospective franchisees from locations like Myrtle Beach, Florida, Long Island and Virginia have already expressed interest in opening a franchise," Franchise Hound said.

"New Seacrets locations must be waterfront with a sizable amount of surrounding land. They are also interested in locations where mass transit is available and would like to possibly incorporate a hotel into a new franchise as well."

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