Does Camp Margaritaville provide consolidated audited balance sheets as of December 31, 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit G contains the financial statements of Margaritaville Holdings LLC, our parent company and guarantor of our obligations under the Franchise Agreement, which include:
- (i) Consolidated audited balance sheets as of December 31, 2024, December 31, 2023 and December 31, 2022, and the related consolidated statements of operations, changes in member equity, and cash flows for the years ended December 31, 2024, December 31, 2023 and December 31, 2022; and
- (ii) Unaudited balance sheet and statement of operations for the period ending March 31, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 71)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, Margaritaville Holdings LLC, the parent company and guarantor, includes consolidated audited balance sheets as of December 31, 2023. These financial statements are part of Exhibit G.
The provided financial statements include consolidated audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022. They also feature the related consolidated statements of operations, changes in member equity, and cash flows for the years ending on those dates. This comprehensive financial reporting offers prospective franchisees a detailed view of the company's financial performance over the three-year period.
Additionally, the FDD includes an unaudited balance sheet and statement of operations for the period ending March 31, 2025. This provides a more current, though unaudited, snapshot of the company's financial status. Reviewing these audited and unaudited statements can help potential franchisees assess the financial stability and performance of Margaritaville Holdings LLC, which guarantees the obligations of Camp Margaritaville RV Resorts, LLC under the Franchise Agreement.