What is the average revenue for Card My Yard franchise locations opened in 2019?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
(all franchise locations over 1 year old) | 505 | $123.77 | $119.08 | $0.00 | $1,448.95 | | 246 (49%) | TABLE 4
| Franchise Location Class Opened Date | Number of Franchise Locations Represented in First Year Gross Sales | Average First Year Gross Profit | Franchise Fee | Payback Period (Months) |
|---|---|---|---|---|
| Franchise Locations Opened in | 20 | $5,163 | $2 |
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-year gross profit for franchise locations opened in 2019 was $22,663. This data is based on the performance of 54 franchise locations opened in 2019. It's important to note that this figure represents gross profit, not gross revenue. Gross profit is calculated as gross revenue less royalty expenses.
Card My Yard notes that franchise locations opened in 2019 experienced a significant positive impact on sales due to the COVID-19 pandemic. The FDD cautions that this level of sales may not be typical or representative of the average location's first twelve months under normal circumstances. Therefore, prospective franchisees should consider this context when evaluating the financial performance of the 2019 cohort.
It is important to understand that the gross profit figure does not include all operating expenses. As noted in the FDD, franchisees will incur various expenses such as wages, costs of goods sold, vehicle maintenance, insurance, and marketing expenses. These operating expenses must be deducted from the gross profit to determine net income or profit. The FDD advises prospective franchisees to conduct an independent investigation of the costs and expenses they will incur in operating their Card My Yard business.