I am unable to provide the exact figures for total liabilities and partners' deficit/equity for Camp Margaritaville, as the provided excerpts from the 2025 Franchise Disclosure Document do not contain a consolidated balance sheet with these specific values. The excerpts include a guarantee of performance from Margaritaville Holdings LLC, notes to the consolidated financial statements, and descriptions of various revenue streams and accounting policies.

While the excerpts offer insights into Margaritaville Holdings LLC's financial practices, such as revenue recognition for consumer product royalties, residential and time-share royalties, and other revenues, they do not present the comprehensive balance sheet data needed to determine total liabilities and partners' deficit/equity. The excerpts also mention that the financial statements are prepared without an audit, which is a disclaimer for prospective franchisees to note.

For a prospective Camp Margaritaville franchisee, it is important to request the full audited financial statements from the franchisor during the due diligence process. This will provide a clear picture of the company's financial health, including its liabilities, equity, and overall financial stability. Understanding these figures is crucial for assessing the financial risk and potential return on investment associated with the franchise.