What was the total net value of property and equipment for Camp Margaritaville as of December 31, 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
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3. Venue Sales
On December 1, 2013, the Company entered into an agreement to sell certain venues, including domestic licensing rights, in perpetuity, to International Meal Company, Inc. to operate several pre-existing restaurants. Additionally, the sale applied to venue and expansion units that were not opened at the time of the sale. The last expansion unit opened in Atlanta, Georgia, on June 24, 2022. The purchase price, calculated as a multiple of the venues' earnings during the first 12 months of operations, has not yet
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the total net value of property and equipment as of December 31, 2023, was $3,560,862. This figure is calculated by summing the values of computer hardware and software, leasehold improvements, and furniture, fixtures, and equipment, then subtracting the accumulated depreciation for each of these categories.
Specifically, the gross values for these assets were: Computer hardware and software at $4,535,972, leasehold improvements at $2,948,434, and furniture, fixtures, and equipment at $2,558,060. The accumulated depreciation was: Computer hardware and software at ($2,651,048), leasehold improvements at ($1,326,006), and furniture, fixtures, and equipment at ($2,504,550).
Prospective franchisees should note that these figures reflect the property and equipment owned directly by Margaritaville Holdings LLC, and not necessarily the investment required for a franchisee to establish a new Camp Margaritaville location. These numbers provide insight into the depreciated value of assets held by the company itself.