What section of the Camp Margaritaville Franchise Agreement outlines the requirements for site selection and acquisition/lease?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
Before the Resort opens for business, we or an affiliate will:
- Review and accept or reject the site for your Resort. We do not select the site for your Resort. It is your responsibility to select a potential site. You must obtain our approval of the site. We generally do not own or lease the premises for you. We strongly urge you to hire independent consultants to analyze and investigate your proposed site. In accepting or rejecting a site, we will consider the potential site's location, visibility, accessibility, and proximity to commercial, residential and tourist centers. Additional factors include size and layout of the facility, tenant mix of surrounding properties, market trends and lease terms, and our other criteria. (Franchise Agreement, Preliminary Statement).
You must start and complete construction and open the Resort according to the timetables referenced in Sections 2.06 and 2.08 of the Franchise Agreement. You may request one or more extensions of time by giving us written notice and paying an Extension Fee. We will inform you of the length of the extension if and when we grant it. We will refund the Extension Fee only if we deny the extension. If we grant the extension, then the Extension Fee will not be refundable.
- Review and approve the overall scope and scale of the project, including all proposed uses of the Camp Margaritaville Intellectual Property for the Resort. We will approve the scope and scale of the project before you sign the Franchise Agreement and will approve proposed uses of the Camp Margaritaville Intellectual Property as they arise. (Franchise Agreement, Sections 2.02-2.06, 2.08, Article V, and Article VIII)
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 45–46)
What This Means (2025 FDD)
According to the 2025 Camp Margaritaville Franchise Disclosure Document, the requirements for site selection are found within the Preliminary Statement and Sections 2.02-2.06 and 2.08 of the Franchise Agreement. Item 11 of the FDD states that the franchisee is responsible for selecting a potential site for the Camp Margaritaville Resort, which is then subject to the franchisor's approval.
Camp Margaritaville does not typically own or lease the premises for the franchisee. The franchisor will consider factors such as location, visibility, accessibility, proximity to commercial centers, size and layout, tenant mix, market trends, and lease terms when evaluating a potential site. The franchisee is strongly encouraged to hire independent consultants to analyze the proposed site.
The franchisee is responsible for starting and completing construction and opening the Resort according to the timetables referenced in Sections 2.06 and 2.08 of the Franchise Agreement. Extensions of time may be requested with written notice and payment of an Extension Fee, which may or may not be refundable depending on whether the extension is granted or denied.