Are the Card My Yard financial statements attached to the FDD?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
Table 6
Returning Customers as % of Total Referrals 2024 53.30% 2023 50.50% 2022 43.60%
Additional Notes:
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- Gross Sales and High/Low Totals. "Gross Sales", as used in this Item 19, means the total selling price of all services and products and all income of every other kind and nature related to the Card My Yard business, whether for cash or credit and regardless of collection in the case of credit.
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- Operating History. Each of the Card My Yard locations included in the tables above has an established operation history (at least 12 months), and our company-owned locations have been open for more than 4 years.
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- Operating Expenses. The figures shown in the tables above represent gross sales and gross profits,
but those figures do not include all operating expenses. You will have many expenses, such as wages, costs of goods sold, vehicle maintenance costs, insurance, local marketing expenses, marketing fees, utilities and various other expenses that are not accounted for in the tables above. Such operating expenses must be deducted from the gross sales and gross profit figures to obtain your net income or profit. You should conduct an independent investigation of the costs and expenses you will incur in operating your Card My Yard business.
Written substantiation of the data used in preparing this financial performance representation will be made available to you upon reasonable request.
Other than the preceding financial performance representations, we do not make any financial performance representations. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting Joshua Arnold at 761 W. 1200 N., Suite 300, Springville, Utah 78734 or (512) 943-2693, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
Based on the 2025 Card My Yard Franchise Disclosure Document excerpts, it is not possible to determine whether the franchisor's financial statements are attached to the FDD. The excerpts provided focus on various aspects such as Item 19 (Financial Performance Representations) and Item 23 (Receipts), but do not explicitly state whether financial statements are included.
Item 19 includes a table, but this table only contains information on returning customers as a percentage of total referrals for the years 2022, 2023 and 2024. It also defines "Gross Sales" and clarifies that the figures provided do not include all operating expenses. This section confirms that written substantiation of the data used in preparing the financial performance representation will be made available to you upon reasonable request.
To determine whether Card My Yard's financial statements are attached to the FDD, a prospective franchisee should review the full FDD document, specifically looking for sections such as the table of contents or any appendices that might list included financial statements. If the statements are not included, the franchisee should directly ask the franchisor whether they can be provided and also request the written substantiation of data used for financial performance representations.