What was the reported amount of deferred revenue for Camp Margaritaville?

I am unable to provide the exact amount of deferred revenue for Camp Margaritaville, as the provided excerpts from the 2025 FDD do not contain this specific financial figure. However, the FDD does discuss the concept of deferred revenue in general terms.

The FDD explains that amounts received in advance of the period they are earned are recorded as a liability under deferred revenue on the company's consolidated balance sheets. This means that if Camp Margaritaville collects payments for services or products before they are delivered or provided, the revenue is not immediately recognized. Instead, it is held as deferred revenue until the obligation is fulfilled.

Additionally, the FDD mentions that minimum payments of licensing fees collected in advance of the earnings process being complete are recorded as deferred revenue. This is particularly relevant to resort royalties, where licensing fees might be collected before the full earnings process is complete. A prospective franchisee should ask Camp Margaritaville's franchisor for the specific deferred revenue amounts to better understand the company's financial status and revenue recognition practices.