What is the deadline for beginning Card My Yard business operations after signing the Franchise Agreement?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
We estimate that it will be approximately 15 to 55 days from the time you sign the Franchise Agreement to the time you begin operations. This time period may be shorter or longer depending on the modifications that must be made to accommodate your Card My Yard business and other factors, such as delays or difficulties in obtaining permits, local ordinances, shortages of materials or delayed delivery of equipment, fixtures or signs. You must begin business within 55 days after signing the Franchise Agreement, unless we give you a written extension. (Franchise Agreement, Section III.E.)
You must begin operating your Card My Yard business within 55 days after signing the Franchise Agreement. If you fail to do so you will be in default under the Franchise Agreement and we may terminate such agreement at our option.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 34–43)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, a new franchisee must begin business operations within 55 days of signing the Franchise Agreement. This timeframe is an estimate, and the actual time may vary due to factors such as modifications needed for the business, delays in obtaining permits, local ordinances, material shortages, or delayed equipment delivery.
Card My Yard emphasizes the importance of adhering to this deadline. Failure to begin operations within the 55-day period constitutes a default under the Franchise Agreement. Should a franchisee fail to meet this requirement, Card My Yard retains the right to terminate the agreement.
However, Card My Yard may provide a written extension to the franchisee, granting additional time to commence operations. It is important to note that any extension must be documented in writing to be valid. This flexibility allows for unforeseen circumstances while ensuring that franchisees are committed to starting their Card My Yard business promptly.