What documents must a Camp Margaritaville franchisee sign as a condition of renewal?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
wn, a Remodel, nor is Franchisee's acquisition of new or additional equipment or signage due to new or improved System Standards;
- (g) Franchisee has attended all mandatory annual conventions or other mandatory meetings during the Initial Term, unless attendance was excused by Franchisor;
- (h) Franchisee signs Franchisor's then-current form of franchise agreement ("Successor Franchise Agreement") which may be materially different from this Agreement (including without limitation higher and/or different fees), except that Franchisee will not be required to pay another application fee to complete the Training Program (although, Franchisor reserves the righ
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, as a condition of renewal, a franchisee must sign the franchisor's then-current form of franchise agreement, referred to as the "Successor Franchise Agreement." This agreement may differ materially from the original agreement, potentially including higher or different fees. However, the franchisee will not be required to pay another application fee, complete the Training Program, or fulfill preopening obligations, although additional training may be required. Additionally, in California, franchisees must sign a general release when renewing their franchise.
Besides the Successor Franchise Agreement, the franchisee may also be required to sign other documents related to property or technology improvements. If Camp Margaritaville requires the franchisee to remodel the Resort to meet the brand's current image and technological standards, this may be detailed in a new property improvement plan or technology improvement plan. The franchisee must complete these remodels within six months after the initial term expires.
It is important for prospective Camp Margaritaville franchisees to understand that the terms of the Successor Franchise Agreement can change significantly. Franchisees should carefully review the renewal conditions and the terms of the new franchise agreement to assess the financial and operational impact on their business. They should also be prepared to invest in potential remodels and technology upgrades to meet the franchisor's evolving standards.