What was the reported total value of furniture, fixtures, and equipment for Camp Margaritaville before depreciation?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
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3. Venue Sales
On December 1, 2013, the Company entered into an agreement to sell certain venues, including domestic licensing rights, in perpetuity, to International Meal Company, Inc. to operate several pre-existing restaurants. Additionally, the sale applied to venue and expansion units that were not opened at the time of the sale. The last expansion unit opened in Atlanta, Georgia, on June 24, 2022. The purchase price, calculated as a multiple of the venues' earnings during the first 12 months of operations, has not yet
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the total value of furniture, fixtures, and equipment before accumulated depreciation was $2,558,060 as of December 31, 2023, and $2,324,149 as of December 31, 2022. This figure represents the original cost of these assets when they were first acquired by Camp Margaritaville.
For a prospective franchisee, this information is useful for understanding the scale of investment Camp Margaritaville has in its physical assets. It also provides a basis for comparison against the accumulated depreciation, which reflects the amount of the asset's value that has been expensed over time. This can help in assessing the overall financial health and asset management practices of the company.
It's important to note that these figures are from the consolidated financial statements of Margaritaville Holdings LLC and its subsidiaries, not necessarily the specific costs a new franchisee would incur. A new franchisee would need to refer to Item 7 of the FDD, which outlines the estimated initial investment, including furniture, fixtures, and equipment costs for a new Camp Margaritaville location.