When is the initial franchise fee due 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 due when you sign the Franchise Agreement. The initial franchise fee for a Card My Yard franchise is a lump sum payment of $8,500. This fee is paid directly to Card My Yard.
Prospective franchisees should note that this fee is generally non-refundable, as stated elsewhere in Item 7. It covers Card My Yard's costs of onboarding new franchisees. This fee is a standard component of the initial investment for most franchise systems, and it compensates the franchisor for granting the franchise rights and providing initial training and support.
It is important to budget for this expense and have the funds readily available when you are ready to sign the franchise agreement. Failing to pay on time could delay or prevent you from starting your Card My Yard business.