What was the net property and equipment amount for Camp Margaritaville as of December 31, 2022?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
cember 1, 2013, the Company entered into an agreement to sell certain venues, including domestic licensing rights, in perpetuity, to International Meal Company, Inc. to operate several pre-existing restaurants. Additionally, the sale applied to venue and expansion units that were not opened at the time of the sale. The last expansion unit opened in Atlanta, Georgia, on June 24, 2022. The purchase price, calculated as a multiple of the venues' earnings during the first 12 months of operations, has not yet
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the net property and equipment totaled $3,717,961 as of December 31, 2022. This figure represents the depreciated value of the company's assets, including computer hardware and software, leasehold improvements, and furniture, fixtures, and equipment.
The FDD provides a breakdown of the components contributing to this total. The gross values for property and equipment include $3,821,190 in computer hardware and software, $2,620,982 in leasehold improvements, and $2,324,149 in furniture, fixtures, and equipment. These values are then reduced by accumulated depreciation, which includes ($1,727,230) for computer hardware and software, ($1,132,533) for leasehold improvements, and ($2,188,597) for furniture, fixtures, and equipment.
For a prospective franchisee, understanding these figures is crucial for assessing the financial health and capital investment of Camp Margaritaville. It provides insight into the tangible assets the company owns and how they depreciate over time. Reviewing these figures in comparison to previous years can also reveal trends in capital expenditure and asset management, which are important considerations when evaluating the franchise opportunity.