What was the net income for Camp Margaritaville in the year ended December 31, 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31 | ||
|---|---|---|
| 2023 | 2022 | |
| Revenues | ||
| Restaurant and retail merchandise sales | $ 6,784,532 | $ 6,487,545 |
| Restaurant royalties | 10,166,895 | 9,033,781 |
| Resort royalties | 29,097,964 | 26,963,473 |
| Residential and timeshare royalties | 35,130,754 | 21,691,627 |
| Consumer products royalties | 4,199,315 | 4,705,602 |
| Other revenue | 7,108,803 | 5,978,600 |
| Total revenues | 92,488,263 | 74,860,628 |
| Operating expenses | ||
| Cost of restaurant and retail merchandise sales | 1,814,546 | 1,740,415 |
| Selling, general, and administrative | 65,463,612 | 47,750,487 |
| Depreciation | 1,433,243 | 1,420,259 |
| Total operating expenses | 68,711,401 | 50,911,161 |
| Income from operations | 23,776,862 | 23,949,467 |
| Other income (expenses) | ||
| Net (loss) gain from investments in unconsolidated entities | ( 2,000,000) | 375,000 |
| Net loss on sale of venues | ( 1,902,027) | ( 3,171,426) |
| Net gain on insurance proceeds | 20,088,815 | – |
| Net loss on extinguishment of debt | – | ( 4,336,839) |
| Interest income | 808,337 | 208,929 |
| Interest expense | ( 9,421,558) | |
| ( 12,330,510) | ||
| Net income before income taxes | 28,441,477 | 7,603,573 |
| Income taxes | 656,806 | 359,741 |
| Net income from continuing operations | $ 27,784,671 | $ 7,243,832 |
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the net income from continuing operations for the year ended December 31, 2023, was $27,784,671. This figure represents the company's profit after all operating expenses, other income and expenses, and income taxes have been accounted for.
Specifically, Camp Margaritaville's total revenues for 2023 amounted to $92,488,263, while total operating expenses were $68,711,401. This resulted in an income from operations of $23,776,862. Other income and expenses, including a net gain on insurance proceeds of $20,088,815 and interest expense of $12,330,510, were also factored in. After accounting for income taxes of $656,806, the net income from continuing operations was calculated to be $27,784,671.
For a prospective franchisee, this net income figure provides insight into the overall financial health and profitability of Camp Margaritaville. It demonstrates the brand's ability to generate revenue and manage expenses effectively. However, it is essential to consider that this is a consolidated figure, reflecting the performance of all company-owned and licensed locations, and may not be representative of the potential profitability of an individual franchise location. A potential franchisee should also consider the initial investment, ongoing fees, and local market conditions to estimate their potential earnings.