When is the Lodge Royalty fee due for a Camp Margaritaville franchise?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| from, time to time by JPMorgan Chase Bank at its prime rate in effect of its principal office in New York City in connection with extensions of credit in U.S. dollars to U.S. customers, plus an additional 2% per annum, calculated from the date the payment was due. | Royalty fees, and ther |
Source: Item 6 — OTHER FEES (FDD pages 20–34)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the timing of Lodge Royalty fee payments is not explicitly detailed in the provided excerpts. The excerpts do mention various fees, including a Marketing Fee, CRS Fees, Property Website Package Fee, and others, along with their respective amounts and due dates. However, there is no mention of a "Lodge Royalty" fee.
Given the absence of specific information about Lodge Royalty fees, it is important for a prospective Camp Margaritaville franchisee to seek clarification from the franchisor regarding the applicability, amount, and payment schedule of any Lodge Royalty fees. This information is crucial for accurately forecasting expenses and understanding the overall financial obligations of the franchise.
To gain a comprehensive understanding of all fees associated with operating a Camp Margaritaville franchise, a potential franchisee should ask the franchisor for a complete list of fees, including any Lodge Royalty fees, along with clear explanations of how these fees are calculated and when they are due. This will help in making an informed decision about investing in the franchise.