What is the high-end estimated initial franchise fee for a Card My Yard franchise?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
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 initial franchise fee is estimated to be $8,500, which is a lump sum payment due when you sign the Franchise Agreement. This fee is consistent across both the low and high-end estimates, indicating that all new franchisees pay the same initial fee regardless of other investment variations.
The initial franchise fee covers Card My Yard's costs of onboarding new franchisees. This suggests that the fee is used to provide initial training, materials, and support necessary to start the franchise.
Prospective franchisees should note that this fee is non-refundable unless otherwise stated and does not include other potential start-up costs such as lease expenses, furniture, computer hardware, training costs, and grand opening marketing. Therefore, it's crucial to consider the total estimated initial investment, not just the franchise fee, when evaluating the financial feasibility of opening a Card My Yard franchise.