What are accounts payable and accrued expenses for Camp Margaritaville?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Related-party transactions consist of expenses and expense reimbursements to and from shareholders in the Company. These balances are reflected in the accounts payable due to related parties and the due from related parties balances on the consolidated balance sheets.
Additionally, a portion of the note was funded by related-party entities. See Note 7 for further details on notes payable.
Amounts received in advance of the period earned are recorded as a liability under deferred revenue on the accompanying consolidated balance sheets.
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, while specific figures for accounts payable and accrued expenses are not detailed, the FDD does mention related-party transactions that impact accounts payable. These transactions consist of expenses and expense reimbursements to and from shareholders, which are reflected in the accounts payable due to related parties on the consolidated balance sheets.
The FDD also refers to deferred revenue, which is recorded as a liability on the consolidated balance sheets, representing amounts received in advance of the period earned. This is a common accounting practice where payments received for future services or goods are recognized as liabilities until the service is rendered or the goods are delivered.
To obtain the specific accounts payable and accrued expenses for Camp Margaritaville, a prospective franchisee should review the complete audited financial statements, which are not included in these excerpts. It would be prudent to ask the franchisor directly for these figures to gain a clearer understanding of the company's short-term liabilities.