Does the Card My Yard FDD include pro forma financial statements?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
The FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is included in the Franchise Disclosure Document. Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing outlet you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.
The following tables present historic financial performance information for our franchised locations. As indicated below, the tables in this Item 19 show results achieved during calendar year 2023 (the "Reporting Period").
No information is included in this Item 19 regarding our two company-owned locations.
We had a total of 531 Card My Yard Businesses (529 franchised locations plus 2 company-owned locations) operating as of the beginning of the Reporting Period. All franchised Card My Yard locations that were open and operating throughout all 12 months of the Reporting Period have been included in the tables below (the 21 who opened during the Reportin
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the franchisor does not provide pro forma financial statements. However, Item 19 of the FDD includes historical financial performance representations for franchised locations.
The FDD states that financial performance information that differs from Item 19 may be given only if Card My Yard provides the actual records of an existing outlet a prospective franchisee is considering buying, or supplements the information provided in Item 19 with information about possible performance at a particular location or under particular circumstances.
The Item 19 tables in the Card My Yard FDD show results achieved during calendar year 2023. The FDD included 531 Card My Yard Businesses (529 franchised locations plus 2 company-owned locations) operating as of the beginning of the Reporting Period. All franchised Card My Yard locations that were open and operating throughout all 12 months of the Reporting Period have been included in the tables.