What was the Brand Company net income for Camp Margaritaville at the end of the year 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
See accompanying notes.
Notes to Consolidated Financial Statements
December 31, 2024
1. Description of the Company
Margaritaville Holdings LLC (the Company) was formed on September 5, 1997, under the laws of the state of Delaware. Affairs of the Company are governed by its Operating Agreement (the Operating Agreement). The Company has issued 10,000 total interests designated as "Class A Interests" and 538 interests designated as "Class B Interests," and is authorized to issue up to 1,860 total interests designated as "Class C Interests." The Company has a Governing Board that is composed of appointees from the three largest A interest holders. Class B and C Interests are nonvoting. No Member shall be liable for the debts or any other obligations or liabilities of the Company solely by reason of being a Member. The Company shall be indefinite in duration, subject to the provisions for termination in the Operating Agreement.
Company income and losses are allocated in accordance with the Operating Agreement. The Company licenses its intellectual property, themed after the lifestyle of Jimmy Buffett, to a collection of resorts, residential communities, and various consumer product companies. The resort portfolio includes hotels, casinos, campgrounds, and cruise ships. The Company also licenses or operates a chain of restaurants and retail stores. There are Margaritaville venues in the United States, Mexico, Canada, the Caribbean, and Central America.
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the financial statements provided are for Margaritaville Holdings LLC, which encompasses various Margaritaville-themed businesses, including Camp Margaritaville. The provided excerpts include consolidated balance sheets, statements of operations, changes in partner's deficit, and cash flow statements for the years 2023 and 2024. However, the specific net income for Camp Margaritaville as a distinct business unit is not explicitly stated.
The FDD includes financial data related to the overall performance of Margaritaville Holdings LLC and its subsidiaries. This includes information on revenue, expenses, assets, liabilities, and equity. Notes to the financial statements provide additional details on accounting policies, investments, debt, related-party transactions, and other relevant financial matters. These details offer insight into the broader financial health and structure of the Margaritaville enterprise.
For a prospective franchisee, understanding the overall financial performance of Margaritaville Holdings LLC is valuable, but it's crucial to also assess the specific financial performance of Camp Margaritaville. Since the FDD does not provide a separate net income figure for Camp Margaritaville, it is important for potential franchisees to ask the franchisor directly for detailed financial information about Camp Margaritaville. This will allow them to make an informed decision about the potential profitability and financial viability of investing in a Camp Margaritaville franchise.