What was the total current assets for Camp Margaritaville as of December 31, 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
t procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going conc
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the company's total current assets as of December 31, 2023, were $37,530,536. This figure represents the sum of several liquid assets that Camp Margaritaville had readily available at that time. These assets include cash, accounts receivable, short-term notes receivable, short-term notes receivable from employees, short-term contract assets, inventory, and prepaid expenses.
Understanding the composition of current assets is crucial for prospective franchisees. Cash, amounting to $17,701,723, indicates the immediate liquidity Camp Margaritaville possessed. Accounts receivable, which totaled $17,026,684, represents money owed to the company by its customers or licensees. Inventory, valued at $446,872, reflects the value of goods available for sale. Prepaid expenses, which were $1,891,395, are payments made in advance for services or goods to be received in the future.
The level of current assets is a key indicator of Camp Margaritaville's short-term financial health and its ability to meet its immediate obligations. Franchisees should consider these figures in relation to the company's current liabilities to assess its working capital position. A healthy balance of current assets to current liabilities generally suggests a stable financial foundation. Reviewing these figures in comparison to previous years, such as the 2022 total current assets of $26,645,307, can also provide insights into the company's financial trajectory.