To whom are the lease expenses 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 (three | $0 | $500 | As stated in | As incurred | Landlord |
| mont |
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, lease expenses are paid to the landlord. The estimated initial investment table shows that lease expenses for three months can range from $0 to $500. The low end of this range assumes the franchisee will operate from a home office, while the high end covers the cost of leasing a small warehouse space.
Note 2 in Item 7 clarifies that these lease expense estimates are based on either operating from a home (resulting in lower costs) or leasing a small warehouse space with specific wall space requirements. The FDD specifies that these estimates assume no leasehold improvements will be necessary. These figures are based on the experiences of Card My Yard's affiliate-owned business in Springville, Utah, but the actual costs can vary significantly.
The document emphasizes that the franchisee's ability to negotiate lease terms, their financial strength, and local commercial leasing and labor rates can all impact the final lease expenses. Therefore, prospective Card My Yard franchisees should carefully consider these factors and conduct thorough research on local market conditions to accurately estimate their potential lease expenses.