What was the value of accounts payable and accrued expenses for Camp Margaritaville in 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 value of accounts payable and accrued expenses for the year ending December 31, 2023, was $1,177,806. This figure reflects the company's short-term liabilities, including obligations to suppliers and other accrued expenses.
Understanding accounts payable and accrued expenses is crucial for prospective franchisees as it provides insight into the company's short-term financial obligations. A higher value may indicate that the company relies heavily on credit from suppliers or has a significant amount of accrued expenses, while a lower value could suggest efficient management of short-term liabilities.
It's important to note that these figures are part of the consolidated balance sheets of Margaritaville Holdings LLC, which includes multiple subsidiaries. Therefore, the accounts payable and accrued expenses represent the total for the entire consolidated group, not just the Camp Margaritaville RV Resorts franchise. Prospective franchisees should consider this in the context of the overall financial health of the company.
As the financial statements are unaudited, prospective franchisees should exercise caution and conduct their own due diligence, including consulting with a financial advisor, to fully understand the financial implications.