What is the deadline for the three appraisers to complete their appraisal of the Card My Yard business?

According to Card My Yard's 2025 Franchise Disclosure Document, if the franchisor and franchisee cannot agree on the fair market value of the business's assets, three independent appraisers will determine the value. Card My Yard will appoint one appraiser, the franchisee will appoint another, and those two appraisers will then appoint a third.

The FDD states that Card My Yard will instruct the three appraisers to complete their appraisal within thirty (30) days after the third appraiser's appointment. This means the appraisers have a strict deadline to assess the business's value and submit their findings.

For a prospective franchisee, this 30-day deadline is crucial. It ensures a relatively quick resolution if a disagreement arises about the business's value. However, it also means the franchisee needs to be prepared to gather all necessary financial documents and information promptly to assist the appraisers in meeting this deadline. Understanding this timeline is essential for managing expectations and preparing for potential business valuation scenarios.