How many Card My Yard franchise agreements were terminated in Arkansas during 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 30 | ||
| 2024 | 55 | ||
| # Table No. 3 Status of Franchised Outlets For years 2022 to 2024 |
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–84)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, there was one termination of a Card My Yard franchise agreement in Arkansas during 2024. The table provided in Item 20 details the number of outlets at the start and end of the year, as well as changes to the number of outlets due to openings, terminations, non-renewals, re acquisitions by the franchisor, and other reasons for ceased operations.
For a prospective franchisee, this information is valuable in assessing the stability and success rate of Card My Yard franchises in specific states. A higher number of terminations could indicate potential challenges or difficulties in operating a franchise in that area. Conversely, a low number of terminations, like in Arkansas, might suggest a more stable and supportive environment for franchisees.
It's important to note that terminations can occur for various reasons, including the franchisee's decision to leave the system, failure to meet performance standards, or other breaches of the franchise agreement. While one termination in Arkansas may not be a cause for alarm, a prospective franchisee should still investigate further to understand the reasons behind the termination and whether any specific issues contributed to it. This could involve speaking with current and former franchisees in Arkansas to gather their perspectives and experiences.