Is the initial franchise fee imposed uniformly on all Card My Yard franchisees?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
Initial Franchise Fee
Upon signing the Franchise Agreement, you must pay us an Initial Franchise Fee in the amount of Eight Thousand Five hundred Dollars ($8,500). This amount is payable in one lump sum payment, is considered fully earned and nonrefundable upon receipt, and is imposed uniformly on all franchisees.
Pre-Opening Termination Fees
If you execute a Franchise Agreement with us and encounter an unforeseen health or personal issue prior to beginning operations that prevents you from undertaking the operation of your Card My Yard business, we may, at our option, permit you to terminate your Franchise Agreement by mutual written agreement in a form acceptable to us, which will, among other things, include your payment of a termination fee equal to $1,000, plus any out-ofpocket expenses incurred by us.
If you fail to successfully complete our initial training program to our satisfaction within 60 days after signing your franchise agreement, then we may, at our option, terminate your franchise agreement and retain 50% of your initial franchise fee. The other 50% of your initial franchise fee wi
Source: Item 5 — INITIAL FEES (FDD pages 13–15)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the initial franchise fee is $8,500. This fee is payable in a single lump sum upon signing the Franchise Agreement. Card My Yard specifies that this fee is considered fully earned and nonrefundable upon receipt. Importantly, the FDD states that the initial franchise fee is imposed uniformly on all franchisees, meaning every new Card My Yard franchisee pays the same initial fee.
There are some circumstances where the franchise agreement may be terminated. If a franchisee encounters an unforeseen health or personal issue before beginning operations, Card My Yard may allow termination of the Franchise Agreement with a written agreement. This agreement would include the franchisee paying a termination fee of $1,000, plus any out-of-pocket expenses incurred by Card My Yard.
Additionally, if a franchisee fails to complete the initial training program to Card My Yard's satisfaction within 60 days of signing the franchise agreement, Card My Yard may terminate the agreement. In this case, Card My Yard would retain 50% of the initial franchise fee, and the other 50% would be returned to the franchisee.