What was the increase for fees received for the 2022 Card My Yard conference?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| Increase for fees received for 2022 conference | 36,525 |
|---|---|
| Balance at December 31, 2021 | $ 210,125 |
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the increase for fees received for the 2022 conference was $36,525. This figure represents the additional revenue Card My Yard collected from franchisees related to the annual conference held in 2022.
For a prospective franchisee, this indicates that Card My Yard hosts annual conferences and generates revenue from the registration fees. The conference is a mandatory event for franchisees, with a registration fee of $250 per person.
This revenue stream is separate from initial franchise fees and ongoing royalties, contributing to Card My Yard's overall financial performance. The conference likely serves as a training, networking, and information-sharing event for franchisees, which Card My Yard uses to offset the costs of organizing and hosting the conference.