How can the Camp Margaritaville franchise agreement be changed or modified?
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 right to require additional training as set forth in Section 3.01), or to complete any preopening obligations provided for in such Successor Franchise Agreement;
- (i) Franchisee pays a renewal fee of $50,000;
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, the franchise agreement can be modified through a rider or a successor franchise agreement. A rider, as exemplified by the FBR Rider, allows for specific modifications to the existing agreement, with the rider's terms controlling in case of conflict.
Additionally, the franchise agreement may be modified upon renewal through a Successor Franchise Agreement. To renew the franchise agreement, the franchisee must meet several conditions, including meeting Camp Margaritaville's current standards for new franchisees regarding creditworthiness, capital access, and criminal history. The franchisee must also own the site or have secured the right to continue operating there for the renewal term. If required by Camp Margaritaville, the franchisee must remodel the resort to meet the brand's current image and technological standards within six months of the initial term's expiration.
Furthermore, the franchisee must have attended all mandatory annual conventions or meetings during the initial term, unless excused by Camp Margaritaville. The franchisee is required to sign Camp Margaritaville's current form of franchise agreement, which may differ materially from the original agreement, potentially including higher or different fees. Finally, the franchisee must pay a renewal fee of $50,000. These modifications ensure that the Camp Margaritaville franchise remains current with the brand's standards and practices.