What is the estimated high-end cost for Utility/Security Deposits for a Card My Yard franchise?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF | AMOUNT | AMOUNT | METHOD | WHEN DUE | TO WHOM |
|---|---|---|---|---|---|
| EXPENDITURE | (LOW) | (HIGH) | OF PAYMENT | PAYMENT IS TO BE MADE | |
| Initial Franchise Fee1 | $8,500 | $8,500 | Lump sum | When you sign Franchise Agreement | Us |
| Lease Expenses (three | $0 | $500 | As stated in | As incurred | Landlord |
| months)2 | lease | ||||
| Furniture and Fixtures3 and 7 | $150 | $500 | As arranged | As incurred | Third party- suppliers |
| POS/Computer Hardware | $0 | $1,500 | As arranged | As incurred | Approved |
| and Software4 | Suppliers | ||||
| Initial Training Costs (per person)5 | $0 | $1,000 | As Arranged | Before opening | Costs of travel, lodging and meals |
| Utility/Security Deposits6 | $0 | $300 | As arranged | As incurred | Third-Party suppliers |
| Grand Opening Marketing8 | $250 | $500 | Lump sum | When you sign Franchise Agreement | Advertisers, promotional |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the estimated high-end cost for Utility/Security Deposits is $300. This figure represents the higher end of the range, with the low end being $0. These deposits are paid to third-party suppliers, such as telephone service providers and utility companies, and are incurred as needed.
The need for utility and security deposits, as well as the amount, will depend on whether the franchisee operates from a home office or a leased space. Card My Yard notes that the amounts will vary for each location and will be based in part on the premises, services, and equipment selected.
Prospective franchisees should budget for this potential expense, especially if they plan to lease a space rather than operate from a home office. It is important to note that these are estimates, and actual costs may vary. Franchisees should contact local utility companies and service providers to get a more accurate estimate for their specific location.