To whom are the furniture and fixtures costs paid 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 |
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 costs for furniture and fixtures, which range from $150 to $500, are paid to third-party suppliers. These costs are incurred as arranged and paid when due. Note 3 in Item 7 specifies that this estimate includes all furniture and fixtures, including letter/sign storage racks, which must meet Card My Yard's standards and specifications.
This means that as a prospective Card My Yard franchisee, you will need to budget between $150 and $500 for furniture and fixtures. These items are essential for operating the business, particularly for storing and organizing the yard letters and signs. It is important to ensure that all purchased items meet the standards set by Card My Yard to maintain brand consistency and operational efficiency.
The payment is made directly to the third-party suppliers from whom you purchase the furniture and fixtures. The timing of these payments is 'as incurred,' meaning you will likely pay for these items when you order or receive them. It is crucial to factor these costs into your initial investment and to plan your purchases accordingly to align with your business opening.
Prospective franchisees should research and identify approved suppliers to ensure compliance with Card My Yard's standards. Understanding the specific requirements for furniture and fixtures will help in accurately budgeting and managing initial expenses. It is also advisable to compare prices from different suppliers to obtain the best value while meeting the franchisor's requirements.