What was the total amount of 'Total Assets' for Camp Margaritaville as of December 31, 2024?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
The Partners Margaritaville Holdings LLC
Opinion
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 assets as of December 31, 2024, and 2023. However, the specific 'Total Assets' figure is not present in the provided excerpts.
While the excerpts from Item 23 include various financial details such as net income, depreciation, investments, notes receivable/payable, and cash flow information, they do not provide a summary figure for total assets. The excerpts focus on the components of financial statements and specific transactions rather than the overall balance sheet totals.
A prospective Camp Margaritaville franchisee should ask the franchisor for a complete copy of the financial statements, including the consolidated balance sheets, to determine the 'Total Assets' as of December 31, 2024. This information is crucial for assessing the financial health and stability of the franchisor.