Are the fees and expenses described in the Card My Yard FDD refundable?

According to Card My Yard's 2025 Franchise Disclosure Document, all fees and expenses are generally non-refundable. Specifically, Item 6 of the FDD states that all fees and expenses described in that section are non-refundable unless otherwise indicated. This means that franchisees should not expect to receive refunds of any fees paid to Card My Yard, unless explicitly stated otherwise in the Franchise Agreement.

This policy has significant implications for prospective franchisees. Before signing the agreement, franchisees should carefully consider their financial situation and ability to pay all required fees, as these payments are generally non-refundable. This includes fees such as liquidated damages for termination or non-reporting, audit fees, insurance reimbursement, enforcement costs, marketing fund contributions, interest and late fees, additional training fees, and on-site remedial training fees.

While the FDD specifies that fees are generally non-refundable, it also mentions that Card My Yard may increase certain fees based on market conditions, the cost of providing services, and future policy changes. However, Card My Yard states they have no present plans to increase any fees. Franchisees should be aware of the potential for fee increases and factor this into their financial planning. It is important for prospective franchisees to seek clarification from Card My Yard regarding any fees that are unclear or not fully understood before signing the Franchise Agreement.