What is the deadline for a Camp Margaritaville franchisee to provide written notice of intent to renew their franchise?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
agreements. You should read these provisions in the agreements attached to this disclosure document.
* For purposes of the table below: "LR" refers to the Lodge Rider and "DR" refers to the Dwellings Rider
THE FRANCHISE RELATIONSHIP
| Provision | Section in franchise or other agreement | Summary | |
|---|---|---|---|
| a. | Length of the franchise term | Section 1.02 | Initial term is twenty (20) years |
| b. | Renewal or extension of the term | Section 1.03 | If you are in good standing and satisfy certain conditions (as described in 17.c. below) are met, then you are entitled an automatic renewal of your franchise rights for one additional ten (10) year term |
| c. | Requirements for franchisee to renew or extend | Section 1.03 | Your renewal right permits you to remain as a franchisee after the initial term of your Franchise Agreement expires. However, to remain a franchisee, you must meet all required conditions to renewal. When renewing, you may be asked to sign a contract with materially different terms and conditions than your original Franchise Agreement. Fra |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 64–68)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, a franchisee seeking to renew their franchise agreement must provide written notice of their intent to renew between 12 and 18 months prior to the expiration of the current franchise term. The initial term for a Camp Margaritaville franchise is twenty years, with an option for one additional ten-year term if certain conditions are met.
To be eligible for renewal, the franchisee must be in good standing with Camp Margaritaville and still own the site. Additionally, the franchisee must agree to remodel the Resort to Camp Margaritaville's then-current standards. The franchisee will also be required to execute the then-current form of the franchise agreement and a release of all claims against Camp Margaritaville and its affiliates.
Furthermore, the franchisee must pay a $50,000 renewal fee to Camp Margaritaville. It is important to note that when renewing the franchise agreement, Camp Margaritaville may ask the franchisee to sign a contract with materially different terms and conditions than the original agreement. This means that the franchisee should carefully review the new agreement and seek legal counsel to understand any changes or potential impacts on their business.