Regarding the audit of Camp Margaritaville's financial statements, with whom is the auditor required to communicate?

According to Camp Margaritaville's 2025 Franchise Disclosure Document, the Report of Independent Auditors is addressed to The Partners Margaritaville Holdings LLC. This indicates that the auditor's primary communication regarding the audit of the consolidated financial statements is directed to the partners of Margaritaville Holdings LLC.

The auditor's report includes their opinion on the fairness of the presentation of the company's financial position, results of operations, and cash flows. The report also outlines the responsibilities of both the management and the auditor in relation to the financial statements. Management is responsible for the preparation and fair presentation of the financial statements, while the auditor's responsibility is to conduct audits in accordance with auditing standards and to provide an opinion based on the audit evidence obtained.

For a prospective Camp Margaritaville franchisee, this information highlights the importance of Margaritaville Holdings LLC's financial transparency and accountability. The fact that an independent auditor reviews the company's financial statements and communicates directly with the partners suggests a commitment to providing reliable financial information. Franchisees may want to further investigate the auditor's findings and any communications between the auditor and the partners to gain a deeper understanding of the company's financial health and stability.