Has the financial information presented for Card My Yard franchises been independently audited?

According to Card My Yard's 2025 Franchise Disclosure Document, the financial information provided in Item 19 regarding financial performance representations has not been independently audited. The FDD clarifies that the financial data comes directly from the unaudited books and records of Card My Yard franchisees. This means that the figures for gross sales, profits, and other financial metrics have not been verified by an independent accounting firm.

For a potential Card My Yard franchisee, this lack of independent verification means that you should approach the financial performance data with caution. While the data provides insights into what some franchisees have achieved, it's based on self-reported information that may not adhere to standardized accounting practices. This introduces a risk that the data might not accurately reflect the true financial performance of all franchisees.

Given that the financial information is unaudited, it is crucial for prospective franchisees to conduct their own due diligence. This includes carefully reviewing the financial data, comparing it with other available information, and potentially consulting with a financial advisor. Verifying the data with existing franchisees and conducting thorough market research can provide a more comprehensive understanding of the potential financial performance of a Card My Yard franchise. Remember the FDD states, "Some outlets have earned this amount. Your individual results may differ. There is no assurance that you'll earn as much."