What was the total amount of 'Total Assets' for Camp Margaritaville as of December 31, 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Margaritaville Holdings LLC and its subsidiaries (collectively, the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, changes in partners' deficit, and cash flows for the years then ended, and the related notes to the consolidated financial statements (collectively referred to as the financial statements).
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the consolidated balance sheets include the company's financial position as of December 31, 2024, and 2023. However, the excerpt does not explicitly state the 'Total Assets' for Camp Margaritaville as of December 31, 2023. The excerpt focuses on various financial aspects such as revenues, expenses, depreciation, investments, and notes payable, but it omits the specific figure for total assets.
While the provided financial statements offer insights into various aspects of Camp Margaritaville's financial health, the absence of a clear 'Total Assets' figure necessitates further investigation. A prospective franchisee would typically use the total assets figure to assess the overall size and financial stability of the company. This information is crucial for evaluating the risk and potential return on investment associated with the franchise.
To gain a comprehensive understanding of Camp Margaritaville's financial standing, it is essential for potential franchisees to request the full financial statements from the franchisor. These statements should include a detailed breakdown of assets, liabilities, and equity, allowing for a thorough assessment of the company's financial health and stability. Specifically, the franchisee should ask for the total assets figure for December 31, 2023, to complete their financial analysis.