To whom are the initial training costs paid 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, the initial training costs, which range from $0 to $1,000, are paid to cover the costs of travel, lodging, and meals. This payment is due before opening the franchise.
Card My Yard provides initial franchise training to the initial Principal Owners and General Manager at no additional charge. The listed costs only cover the out-of-pocket expenses incurred by these individuals during training. The low-end estimate of $0 assumes that the franchisee already has internet access and will complete all initial training via online courses, thus incurring no travel, lodging, or meal costs.
The high-end estimate of $1,000 represents the estimated cost for one individual to attend all or a portion of the initial training program in Springville, Utah. Therefore, franchisees should budget accordingly based on their training preferences and location. It is important to note that these costs are estimates and can vary depending on individual choices and circumstances.