What is the estimated low-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 low-end cost for Utility/Security Deposits is $0. This assumes the franchisee will operate the Card My Yard business from a home office. The high-end estimate for utility/security deposits is $300. These deposits may be required by third parties such as telephone service providers and utility companies, especially if the franchisee leases a space outside of their home.
The actual amount required for utility and security deposits can vary based on the location, the specific services selected, and the equipment used. Since Card My Yard businesses can be run from a home office, the low-end estimate reflects the possibility of not incurring these costs at all. This is because a franchisee operating from home may already have the necessary utilities and may not need to establish new accounts requiring deposits.
Prospective franchisees should consider their operational plans when estimating these costs. If planning to lease a separate space, it would be prudent to budget for the higher end of the estimate, or even exceed it, to account for potential variations in local deposit requirements. It is important to note that these amounts are payable to third-party suppliers as incurred.