table_specific

In 2024, how many Card My Yard franchise outlets were transferred in Texas?

Card_My_Yard Franchise · 2025 FDD

Answer from 2025 FDD Document

State Year Number of Transfers
Texas 2022 13
2023 9
2024 9

Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–84)

What This Means (2025 FDD)

According to Card My Yard's 2025 Franchise Disclosure Document, there were 9 franchise transfers in Texas during 2024. This indicates the number of existing Card My Yard franchise locations in Texas that were sold to new owners during that year.

For a prospective franchisee, this information is relevant for a few key reasons. First, a high number of transfers could indicate a healthy market for reselling a Card My Yard franchise if the owner decides to exit the business. It suggests that there are buyers interested in acquiring existing Card My Yard locations. Second, it could also signal potential issues within the franchise system if franchisees are frequently selling their businesses, although this would need to be considered alongside other data such as terminations and non-renewals.

It's important to note that transfers are different from terminations or non-renewals. A transfer means the business continues under new ownership, whereas a termination or non-renewal means the business ceases to operate under the Card My Yard brand. Therefore, a high transfer rate doesn't necessarily indicate a problem, but it warrants further investigation to understand the reasons behind the transfers. A prospective franchisee should speak with current and former franchisees to understand their experiences and the reasons for any transfers.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.