When is the Card My Yard initial franchise fee due?
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, ranging from $8,500 to $8,500, is due in a lump sum when you sign the Franchise Agreement. This fee is paid directly to Card My Yard.
Understanding when this fee is due is crucial for prospective franchisees as it represents a significant upfront cost. It's important to have these funds readily available when committing to the franchise agreement. This fee covers Card My Yard's costs of onboarding new franchisees, including the initial set of yard letters and signs provided at no additional cost.
Unlike some other franchise systems, Card My Yard does not offer financing for the initial franchise fee, so franchisees must secure funding through other means. Additionally, the FDD states that the initial franchise fee is generally non-refundable unless otherwise stated. Therefore, prospective franchisees should carefully consider their decision before signing the franchise agreement and paying the fee.