When do notes receivable from Camp Margaritaville employees typically mature?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Notes receivable also relate to the sale of the Atlanta venue to IMC. No allowance was recorded against the IMC note. Refer to Note 3 for further details on the sale.
Notes Receivable From Employees
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Camp Margaritaville does not specify when notes receivable from employees typically mature. However, it does mention that the company records an allowance for certain notes receivable when there are collectability concerns. No allowances were recorded against receivables in 2023 or 2022.
This indicates that Camp Margaritaville does issue notes receivable to employees, but the terms of these notes (such as maturity dates or interest rates) are not disclosed in this document. A prospective franchisee should inquire about the specific terms and conditions under which Camp Margaritaville extends credit to its employees.
Understanding the typical repayment schedule and any associated risks is important for assessing the financial health and stability of the franchise system. Further due diligence is recommended to fully understand this aspect of Camp Margaritaville's financial practices.