When did CMY Holdco, LLC acquire the Card My Yard franchise system assets?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
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We are a wholly owned subsidiary of our parent company, CMY Holdco, LLC, a Delaware limited liability company (our "Parent"), which has its principal business address at 2601 Olive Street, Suite 1400, Dallas, Texas 75201. On October 1, 2020, our Parent acquired all or substantially all of the assets, including all franchise agreements, trademarks, service marks and other intellectual property that comprise the Card My Yard franchise system and the Card My Yard brand, from our predecessor entity, Card My Yard Franchising, LLC, a Texas limited liability company, and Card My Yard, LLC, a Texas limited liability company (collectively, our "Predecessor"), which maintained their principal business address at 3917 Double Dome Road, Austin, Texas 78734. In conjunction with the purchase and sale of our Predecessor's assets, we were established and granted the right to offer and sell franchises for Card My Yard businesses. Our Parent, Predecessor and affiliates do not guarantee any of our obligations to you and do not commit to performing any of our pre-sale or post-sale obligations.
Each Card My Yard franchise location conducts business under the trade name and trademark "Card My Yard". We do not own or operate any Card My Yard businesses, but our affiliate and Predecessor, Card My Yard, LLC, operated a Card My Yard business in Austin, Texas from September 2014 through September 2020, and our Parent began operating the "company-owned" Card My Yard business in Austin as of October 1, 2020.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 9–13)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, CMY Holdco, LLC, the parent company of CMY Franchising, LLC, acquired the assets of the Card My Yard franchise system on October 1, 2020. These assets included all franchise agreements, trademarks, service marks, and other intellectual property associated with the Card My Yard brand. The acquisition was made from Card My Yard Franchising, LLC, and Card My Yard, LLC, which are collectively referred to as the "Predecessor."
This acquisition is significant for prospective franchisees because it establishes the current ownership and management structure of the Card My Yard franchise system. It clarifies that CMY Franchising, LLC, as a wholly-owned subsidiary of CMY Holdco, LLC, is the entity responsible for offering and supporting franchises. The FDD also notes that the Parent, Predecessor and affiliates do not guarantee any of the obligations to you and do not commit to performing any of our pre-sale or post-sale obligations.
Knowing the date of this acquisition helps potential franchisees understand the history and evolution of the Card My Yard franchise. It also highlights the relationship between the current franchisor, its parent company, and the predecessor entities. This information can be useful in evaluating the stability and long-term prospects of the franchise system. In March 2024, CMY Holdco, LLC was acquired by FS PEP Holdco, LLC, creating additional affiliations through other companies under the same ownership of FS PEP Holdco, LLC.