Can a Card My Yard franchisee obtain an extension to the opening date deadline?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
You must operate your Card My Yard business from your home or otherwise locate and obtain an acceptable site for your Card My Yard business within fifty-five (55) days after the Effective Date of this Agreement, and you must open your Card My Yard business and commence operations within fifty-five (55) days after the Effective Date of this Agreement, unless you obtain a written extension of such time period from us.
You acknowledge that time is of the essence.
Before the Opening Date, you must complete all exterior and interior preparations for the Card My Yard business, including installation of equipment, fixtures, furnishings and signs, pursuant to the plans and specifications we have approved, and must comply with all other pre-opening obligations.
If you fail to comply with any of these obligations, we have the right to prohibit you from opening the Card My Yard business.
Your failure to timely open the Card My Yard business in compliance with these provisions will be deemed a material event of default under this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, a franchisee must operate their Card My Yard business from their home or secure a site within fifty-five (55) days after the agreement's effective date. They must also open their Card My Yard business and commence operations within this same 55-day period.
However, the FDD states that a franchisee can obtain a written extension of this 55-day time period from Card My Yard. It is important to note that time is considered of the essence in the agreement.
Prior to the opening date, the franchisee is responsible for completing all exterior and interior preparations, including equipment installation, and must adhere to the approved plans and specifications. Failure to meet these obligations gives Card My Yard the right to prevent the franchisee from opening the business. Furthermore, not opening the Card My Yard business on time is considered a material breach of the agreement.