To whom is the initial franchise fee for Card My Yard paid?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
s of travel, lodging and meals |
| 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 | |
| Lease Expenses (three | $0 | $500 | As stated in | As incurred | Landlord | |
| months)2 | lease | |||||
| Furniture and Fixtures3 and 7 | $150 | $500 | As arranged | As incurred | Third party- suppliers | |
| POS/Computer Hardware | $0 | $1,500 | As arranged | As incurred | Approved | |
| and Software4 | Suppliers | |||||
| Initial Training Costs (per person)5 | $0 | $1,000 | As Arranged | Before opening | Costs of travel, lodging and meals | |
| Utility/Security Deposits6 | $0 | $300 | As arranged | As incurred | Third-Party suppliers | |
| Grand Opening Marketing8 | $250 | $500 | Lump sum | When you sign Franchise Agreement | Advertisers, promotional | #### Notes: |
Note 1.
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 paid to the franchisor, referred to as "Us" in the document. This fee, which ranges from $8,500 to $8,500, is a lump sum payment due when the Franchise Agreement is signed. This fee covers the costs Card My Yard incurs to onboard a new franchisee.
In addition to the initial franchise fee, prospective franchisees should be aware of other payments made to different entities. For example, lease expenses, which can range from $0 to $500, are paid to the landlord. Furniture and fixtures, estimated between $150 and $500, are paid to third-party suppliers. Similarly, costs for POS/computer hardware and software, ranging from $0 to $1,500, are paid to approved suppliers.
Initial training costs, estimated between $0 and $1,000 per person, cover the costs of travel, lodging, and meals. Grand opening marketing expenses, ranging from $250 to $500, are paid to advertisers and promotional services. Understanding where each payment is directed is crucial for managing the initial investment effectively.