When are the initial training costs due for a Card My Yard franchise?
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 (t |
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, initial training costs are due before opening. These costs, which range from $0 to $1,000, cover expenses related to travel, lodging, and meals for the initial Principal Owner(s) and General Manager (if different).
Card My Yard's FDD specifies that the initial franchise training is provided at no additional charge. The estimated costs are for out-of-pocket expenses incurred by the franchisee or their employees during training. The lower end of the estimate ($0) assumes that the franchisee will complete all initial training online and already has internet access, thus incurring no travel, lodging, or meal expenses. The higher end ($1,000) accounts for one individual attending the initial training program in Springville, Utah.
Prospective franchisees should consider whether they will opt for online training or in-person training in Utah when budgeting for their initial investment. The chosen training method will significantly impact the amount due before opening. Franchisees should also factor in potential wage costs for employees attending training, although these are avoided with online training.