Which wholly owned and controlled subsidiaries are included in the consolidated financial statements for Camp Margaritaville?

According to Camp Margaritaville's 2025 Franchise Disclosure Document, the consolidated financial statements include the accounts of Margaritaville Holdings LLC and its wholly owned and controlled subsidiaries. These subsidiaries are Margaritaville Enterprises, LLC; Margaritaville of Myrtle Beach, LLC; and Margaritaville Las Vegas, LLC. It is important to note that Margaritaville Enterprises, LLC itself comprises a significant number of subsidiaries, with the 2024 FDD stating it includes 74 subsidiaries and the 2023 FDD stating it includes 72 subsidiaries. All significant intercompany transactions among these entities are eliminated during the consolidation process to provide a clear financial picture.

For a prospective Camp Margaritaville franchisee, understanding the parent company's financial structure is crucial. The consolidated statements offer insights into the overall financial health and performance of the entire Margaritaville organization, which can indirectly impact the franchise system. Knowing that Margaritaville Enterprises, LLC has numerous sub-entities may also indicate the complexity and scale of the broader Margaritaville business operations.

The FDD also mentions that Camp Margaritaville has investments in unconsolidated entities. These investments are recorded at cost less any impairment, adjusted for observable price changes. Further details about these unconsolidated entities can be found in Note 5 of the financial statements. This distinction between consolidated subsidiaries and unconsolidated entities is important for franchisees to understand, as it reflects how different parts of the Margaritaville business are financially integrated and managed.

In summary, the consolidated financial statements provide a comprehensive view of Margaritaville Holdings LLC and its key subsidiaries, offering potential franchisees a glimpse into the financial stability and structure of the overall organization. Reviewing these statements and understanding the relationships between the parent company and its subsidiaries is a key part of assessing the franchise opportunity.