As of December 31, 2022, how many total Card My Yard outlets were in operation?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
|---|---|---|---|---|
| Outlet Type | Year | Outlets at the | Outlets at the | Net Change |
| Start of the Year | End of the Year | |||
| Franchised | 2022 | 470 | 508 | 38 |
| 2023 | 508 | 532 | 24 | |
| 2024 | 532 | 543 | 11 | |
| Company-Owned | 2022 | 2 | 2 | 0 |
| 2023 | 2 | 2 | 0 | |
| 2024 | 2 | 2 | 0 | |
| Total Outlets | 2022 | 472 | 510 | 38 |
| 2023 | 510 | 534 | 24 | |
| 2024 | 534 | 545 | 11 | |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–84)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, there were a total of 510 outlets in operation as of December 31, 2022. This number includes both franchised and company-owned outlets. Specifically, there were 508 franchised outlets and 2 company-owned outlets.
For a prospective franchisee, this indicates the size and scope of the Card My Yard system at that time. It provides a baseline for understanding the brand's growth trajectory and market presence. The fact that the vast majority of outlets were franchised suggests that Card My Yard relies heavily on the franchise model for expansion.
It's worth noting that the FDD also provides data on the changes in the number of outlets over the years. Reviewing these trends can give potential franchisees insights into the stability and growth of the Card My Yard franchise system. Additionally, the FDD includes information on terminations, non-renewals, and transfers, which can help a prospective franchisee assess the overall health and turnover within the franchise network.