For the Camp Margaritaville franchise, does Exhibit G contain consolidated statements of operations for the years ended December 31, 2024, 2023 and 2022?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit G contains the financial statements of Margaritaville Holdings LLC, our parent company and guarantor of our obligations under the Franchise Agreement, which include:
- (i) Consolidated audited balance sheets as of December 31, 2024, December 31, 2023 and December 31, 2022, and the related consolidated statements of operations, changes in member equity, and cash flows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022; and
- (ii) Unaudited balance sheet and statement of operations for the period ending March 31, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 71)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, Exhibit G contains the financial statements of Margaritaville Holdings LLC, the parent company and guarantor of obligations under the Franchise Agreement. These financial statements include consolidated audited balance sheets as of December 31, 2024, 2023, and 2022. Additionally, Exhibit G includes the related consolidated statements of operations, changes in member equity, and cash flows for the years ended December 31, 2024, 2023, and 2022.
This means that prospective Camp Margaritaville franchisees can review the financial performance of Margaritaville Holdings LLC, the parent company, for the past three years. This information is crucial for assessing the financial stability and overall health of the parent company, which guarantees the franchise agreement. Understanding the parent company's financial standing helps franchisees evaluate the level of support and resources they can expect from the franchisor.
The inclusion of audited balance sheets and statements of operations, changes in member equity, and cash flows provides a comprehensive view of the parent company's financial activities. This allows potential franchisees to analyze key financial metrics, such as revenue trends, profitability, and cash flow management. Reviewing these statements can help franchisees make informed decisions about the potential risks and rewards associated with investing in a Camp Margaritaville franchise.
In addition to the audited financial statements for the past three years, Exhibit G also contains an unaudited balance sheet and statement of operations for the period ending March 31, 2025. This provides a more current, though unaudited, snapshot of the parent company's financial position. While unaudited statements may not have the same level of assurance as audited statements, they can still offer valuable insights into the company's recent performance.