For Camp Margaritaville franchises, what assets are at risk due to the personal guaranty, and who must sign it?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, Margaritaville Holdings LLC, a Delaware limited liability company (the "Guarantor"), located at 6900 Turkey Lake Road, Suite 200, Orlando, Florida 32819 absolutely and unconditionally guarantees to assume the duties and obligations of Margaritaville RV Resorts, LLC, located at 6900 Turkey Lake Road, Suite 200, Orlando, Florida 32819 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its Camp Margaritaville RV Resorts Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
Signed at Paln Beach, Fundamental property on April 38 2025 [Insert City Above] [Insert Date Above]
Guarantor:
Margaritaville Holdings LLC
Name: John Cohlan
Title: Chief Executive Officer
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, Margaritaville Holdings LLC guarantees the duties and obligations of Margaritaville RV Resorts, LLC under its franchise registration in each state where the franchise is registered and under its Franchise Agreement. This guarantee remains in effect until all obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged.
The guarantee ensures that Camp Margaritaville franchisees have recourse to Margaritaville Holdings LLC should Margaritaville RV Resorts, LLC fail to meet its obligations. This protection extends to the terms outlined in both the franchise registration and the Franchise Agreement, providing a comprehensive safety net for franchisees. The guarantee is binding on Margaritaville Holdings LLC and its successors and assigns, offering long-term security.
The personal guaranty must be signed by Margaritaville Holdings LLC, with John Cohlan, as Chief Executive Officer, signing on behalf of the company. This arrangement offers a degree of financial security for franchisees, ensuring that the franchisor's obligations are backstopped by a larger entity. Prospective franchisees should carefully review the Franchise Agreement and related documents to fully understand the scope and limitations of the guarantee.