What were the total revenues for Camp Margaritaville for the year ended December 31, 2022?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
| December 31 | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Assets | ||||
| Current assets: | ||||
| Cash | $ | 17,701,723 | $ | 7,528,661 |
| Accounts receivable | 17,026,684 | 16,131,311 | ||
| Short-term notes receivable | 227,478 | 362,295 | ||
| Short-term notes receivable – employees | 3,700 | – | ||
| Short-term contract asset | 232,684 | 260,728 | ||
| Inventory | 446,872 | 295,328 | ||
| Prepaid expenses | 1,891,395 | 2,066,984 | ||
| Total current assets | 37,530,536 | 26,645,307 | ||
| Contract assets, less current portion | 2,037,030 | 1,937,322 | ||
| Investments in unconsolidated entities | – | 2,000,000 | ||
| Property and equipment, net | 3,560,863 | 3,717,961 | ||
| Right-of-use assets | 621,617 | 946,878 | ||
| Long-term notes receivable | 733,046 | 2,677,122 | ||
| Long-term notes receivable – employees | 1,010,782 | 961,586 | ||
| Restricted cash | – | 288,995 | ||
| Other noncurrent assets | 866,666 | 916,667 | ||
| Total assets | $ | 46,360,540 | $ | 40,091,838 |
| Liabilities and partners' deficit | ||||
| Current liabilities: | ||||
| Accounts payable and accrued expenses | $ | 9,325,451 | $ | 8,741,214 |
| Contract liabilities | 128,511 | 50,000 | ||
| Deferred revenue | 4,714,981 | 4,595,494 | ||
| Lease liability | 403,822 | 580,262 | ||
| Current portion of notes payable | 240,000 | 1,050,000 | ||
| Total current liabilities | 14,812,765 | 15,016,970 | ||
| Accrued expenses, less current portion | 2,311,576 | 2,383,076 | ||
| Contract liabilities, less current portion | 239,684 | 222,534 | ||
| Deferred revenue, less current portion | 13,079,618 | 17,348,211 | ||
| Lease liability, less current portion | 209,854 | 347,726 | ||
| Notes payable, related parties | 9,805,332 | 9,805,332 | ||
| Notes payable, less current portion | 106,916 |
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the total revenues for the year ended December 31, 2022, were $74,860,628. This figure represents the combined revenues from various sources, including restaurant and retail merchandise sales, restaurant royalties, resort royalties, residential and timeshare royalties, consumer products royalties, and other revenue.
For a prospective Camp Margaritaville franchisee, this indicates the overall financial scale of the Camp Margaritaville system. It demonstrates the brand's ability to generate revenue through its various business activities. Understanding the different revenue streams and their relative contributions can help a franchisee assess the potential for their own location and plan their business strategy.
It's important to note that this is a consolidated figure, reflecting the total revenues across all Camp Margaritaville operations. A franchisee's individual revenue will depend on factors such as location, market conditions, and their own operational effectiveness. Reviewing the trends in revenue growth from 2022 to 2023 and beyond can provide further insights into the brand's performance and future potential.