What is the average revenue for Card My Yard franchise locations opened in 2018?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
Gross Revenue is the average revenue earned over their first twelve month for franchise locations in each class. For example, for Franchise Locations Opened in 2018: on average, those franchise locations earned an average of $9,119 in their first twelve months of operations. Card My Yard experienced a significant positive impact on sales due to the COVID-19 pandemic. Franchise locations that opened in 2019 and 2020 experienced that impact within the first twelve months of their operations. We do not believe this level of sales is typical
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 56–64)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the average first twelve months gross revenue for franchise locations opened in 2018 was $9,119. This data represents the average revenue earned over the first twelve months of operation for franchise locations opened in 2018. It's important to note that Card My Yard experienced a significant positive impact on sales due to the COVID-19 pandemic, which affected locations opened in 2019 and 2020. The FDD indicates that the sales levels during the pandemic may not be typical or representative of the average location's first twelve months.
Additionally, Table 5 in Item 19 of the 2025 FDD provides further financial performance data. It indicates that the average first year gross profit for Card My Yard franchise locations opened in 2018 was $5,111. This is based on data from 27 locations opened in 2018. The franchise fee for that year was $2,750, and the payback period was estimated to be 6.46 months.
It is important for prospective franchisees to consider both the gross revenue and gross profit figures, as well as the context of the COVID-19 pandemic's impact on sales. The FDD also states that the stated royalty is 25% and that locations are required to spend a minimum of $500 per year refreshing and updating sign inventory. Understanding these factors is crucial for evaluating the potential financial performance of a Card My Yard franchise.