What was the value of accounts payable and accrued expenses for Camp Margaritaville in 2022?
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 | 512,739 |
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 accounts payable and accrued expenses for the year ending December 31, 2023, was $1,177,806, and for the year ending December 31, 2024, it was $512,739.
These figures reflect the company's short-term liabilities, representing obligations to suppliers and other creditors for goods and services received but not yet paid for. Accrued expenses are those that have been incurred but not yet invoiced or paid. Franchisees should monitor these figures to understand the company's financial health and its ability to meet its short-term obligations.
It is important to note that these figures are part of the consolidated financial statements of Margaritaville Holdings LLC, which includes multiple subsidiaries. Therefore, the accounts payable and accrued expenses reflect the overall financial position of the parent company and its subsidiaries, not just the Camp Margaritaville franchise system. Prospective franchisees should consider this when evaluating the financial stability of the franchise opportunity.