What was the total value of accounts payable and accrued expenses for Camp Margaritaville at the end of 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year Ended December 31 2023 2024 | ||
|---|---|---|
| Changes in operating assets and liabilities: | ||
| Accounts payable and accrued expenses | 1,177,806 |
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the total value of accounts payable and accrued expenses at the end of the year 2023 was $1,177,806.
Accounts payable generally represent short-term obligations a company owes to its suppliers or vendors for goods and services received but not yet paid for. Accrued expenses, on the other hand, are expenses that have been incurred but not yet paid, such as salaries, utilities, or interest. These liabilities are a normal part of business operations.
For a prospective Camp Margaritaville franchisee, this figure provides insight into the brand's short-term financial obligations during that period. It is important to note that this is a snapshot in time and can fluctuate based on various factors, including payment cycles, seasonality, and overall business activity. Reviewing these figures in comparison to previous years and industry benchmarks can provide a more comprehensive understanding of the brand's financial health.