When are the furniture and fixtures costs due for a Card My Yard franchise?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
s of travel, lodging and meals |
| TYPE OF | AMOUNT | AMOUNT | METHOD | WHEN DUE | TO WHOM | |
|---|---|---|---|---|---|---|
| EXPENDITURE | (LOW) | (HIGH) | OF PAYMENT | PAYMENT IS TO BE MADE | ||
| Initial Franchise Fee1 | $8,500 | $8,500 | Lump sum | When you sign Franchise Agreement | Us | |
| Lease Expenses (three | $0 | $500 | As stated in | As incurred | Landlord | |
| months)2 | lease | |||||
| Furniture and Fixtures3 and 7 | $150 | $500 | As arranged | As incurred | Third party- suppliers | |
| POS/Computer Hardware | $0 | $1,500 | As arranged | As incurred | Approved | |
| and Software4 | Suppliers | |||||
| Initial Training Costs (per person)5 | $0 | $1,000 | As Arranged | Before opening | Costs of travel, lodging and meals | |
| Utility/Security Deposits6 | $0 | $300 | As arranged | As incurred | Third-Party suppliers | |
| Grand Opening Marketing8 | $250 | $500 | Lump sum | When you sign Franchise Agreement | Advertisers, promotional | #### Notes: |
Note 1.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the payment for furniture and fixtures, which ranges from $150 to $500, is due as incurred. This means that franchisees are expected to pay for these items as they purchase them from third-party suppliers.
Note 3 in Item 7 clarifies that this estimate covers all furniture and fixtures, including letter/sign storage racks, which must meet Card My Yard's standards and specifications. This implies that franchisees have some flexibility in choosing suppliers, but the selected items must adhere to the franchisor's established criteria.
This 'as incurred' payment schedule is fairly standard in franchising, as it allows franchisees to manage their cash flow by paying for items as needed rather than in a large upfront sum. However, prospective franchisees should budget carefully and ensure they have sufficient funds available when these payments come due to avoid any delays in setting up their Card My Yard business.