What assets can Card My Yard exclude from the purchase of my business assets?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
We may exclude from the assets we elect to purchase cash or its equivalent and any leasehold improvements, equipment, fixtures, furnishings, signs, materials and supplies that are not necessary or appropriate (in function or quality) to the Card My Yard business' operation or that we have not approved as meeting the standards for Card My Yard businesses, and the purchase price will reflect such exclusions.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, when Card My Yard exercises its option to acquire the assets of your Card My Yard business, there are certain assets they may exclude from the purchase. Specifically, Card My Yard can exclude cash or its equivalent from the assets they purchase.
Additionally, Card My Yard may exclude any leasehold improvements, equipment, fixtures, furnishings, signs, materials, and supplies that they deem not necessary or appropriate for the Card My Yard business's operation, either in terms of function or quality. This also applies to items that Card My Yard has not approved as meeting the standards for Card My Yard businesses.
The purchase price will reflect these exclusions, meaning you will not be compensated for assets that Card My Yard chooses not to acquire. This clause protects Card My Yard from having to buy outdated or substandard assets if they decide to purchase your business.