What was the total value of Camp Margaritaville's long-term notes receivable in 2023?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
guidance. Effective for fiscal years beginning after December 15, 2022, earlier application is permitted. The Company adopted the standard in 2023 using a modifiedretrospective approach. There was no material impact on the Company's Consolidated Financial Statements
Source: Item 23 — RECEIPTS (FDD pages 72–406)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the value of long-term notes receivable for the year ending December 31, 2023, was reported as $ –. This indicates that Camp Margaritaville did not have any long-term notes receivable during that period.
Notes receivable typically represent amounts owed to the company by its debtors, arising from loans or credit sales. The absence of long-term notes receivable in 2023 could mean that Camp Margaritaville either did not issue any long-term loans or that any previously issued notes were collected or otherwise resolved by the end of the year.
For a prospective franchisee, this information provides insight into Camp Margaritaville's financial transactions and how it manages its receivables. It's important to understand the context behind this figure, such as whether the company generally avoids long-term lending or if this was an unusual situation. Further investigation into Camp Margaritaville's financial practices would be beneficial for any potential franchisee.