What was the reported net gain on insurance proceeds for Camp Margaritaville?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
| Net loss on sale of venues | (1,902,027) | |
|---|---|---|
| Net gain on insurance proceeds | | 20,088,815 |
| Interest income | 837,525 | 808,337 |
| Interest expense | (13,423,323) | (12,330,510) |
| Net income before income taxes | 20,670,489 | 28,441,477 |
| Income taxes | 779,144 | 656,806 |
| Net income from continuing operations | $ 19,891,345 | $ 27,784,671 |
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the company reported a net gain on insurance proceeds of $20,088,815. This figure reflects the financial benefit Camp Margaritaville received from insurance claims during the reporting period.
For a prospective franchisee, this indicates that Camp Margaritaville has experienced events that triggered significant insurance payouts. While the FDD does not specify the nature of these events, the large sum suggests they were substantial. This highlights the importance of adequate insurance coverage for a Camp Margaritaville franchise to protect against unforeseen circumstances that could impact revenue and operations.
It's important for potential franchisees to inquire about the types of incidents that led to these insurance gains and to understand the franchisor's risk management strategies. Understanding the details behind this figure can provide valuable insights into the potential risks and financial safeguards associated with owning a Camp Margaritaville franchise.