What fee must a Camp Margaritaville franchisee pay to request an extension of the opening deadline?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
lle Intellectual Property (a) within 24 months after the Effective Date if the Resort is a new construction, or (b) within 18 months after the Effective Date (unless otherwise provided in the PIP, if applicable pursuant to Section 2.04) if the Resort is an adaptive reuse, as applicable (the "Opening Deadline").
- (b) If Franchisee wants an extension of the Opening Deadline, Franchisee must submit a written request and a $10,000 extension fee to Franchisor before the Opening Deadline. If Franchisor approves the extension, Franchisor will set a new Opening Deadline, the extension fee will be non-refundable, and Franchisor may, at its option, require Franchisee to modi
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, a franchisee must pay a $10,000 extension fee to the franchisor if they want to request an extension of their opening deadline. This request, along with the fee, must be submitted in writing before the original opening deadline.
The opening deadline is set at 24 months after the effective date of the franchise agreement for new construction resorts. For adaptive reuse projects, the deadline is 18 months after the effective date, unless otherwise specified in the Property Improvement Plan (PIP). This initial deadline is a critical factor for franchisees to consider during their planning phase, as failure to meet it can have significant consequences.
It's important to note that the extension fee is non-refundable if Camp Margaritaville approves the extension. Additionally, the franchisor has the option to require modifications to previously approved design plans or the PIP to align with the current standards of the Camp Margaritaville system. If the extension is denied, the fee will be refunded, and the original opening deadline remains in effect. Failure to open by the deadline, including any approved extensions, may result in the termination of the franchise agreement by Camp Margaritaville, without any obligation to refund fees or expenses paid by the franchisee.