How many Card My Yard franchise outlets were transferred in Illinois during 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| Alabama | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 | |
| Arkansas | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Arizona | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 | |
| Californi | 2022 | 8 |
| a | ||
| 2023 | 4 | |
| 2024 | 0 | |
| Colorado | 2022 | 0 |
| 2023 | 2 | |
| 2024 | 0 | |
| Connetic | 2022 | 1 |
| ut | ||
| 2023 | 0 | |
| 2024 | 0 | |
| Florida | 2022 | 5 |
| 2023 | 3 | |
| 2024 | 3 | |
| Georgia | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 2 | |
| Idaho | 2022 | 1 |
| 2023 | 0 | |
| 2024 | 1 | |
| 2022 | 2 | |
| 2023 | 1 | |
| 2024 | 2 | |
| 2022 | 1 | |
| 2023 | 0 | |
| 2024 | 0 | |
| 2022 | 0 | |
| 2023 | 0 | |
| 2024 | 1 | |
| 2022 | 0 | |
| 2023 | 0 | |
| 2024 | 0 | |
| Louisana | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 0 | |
| Maryland | 2022 | 2 |
| 2023 | 1 | |
| 2024 | 1 | |
| Massasch | 2022 | 1 |
| usetts | ||
| 2023 | 0 | |
| 2024 | 1 | |
| Michigan | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 2 | |
| Minnesot | 2022 | 1 |
| a | ||
| 2023 | 2 | |
| 2024 | 2 | |
| Missouri | 2022 | 2 |
| 2023 | 0 | |
| 2024 | 2 | |
| Nebraska | 2022 | 0 |
| 2023 | 1 | |
| 2024 | 3 | |
| New | 2022 | 1 |
| Jersey | ||
| 2023 | 0 | |
| 2024 | 3 | |
| New | 2022 | 1 |
| Mexic | ||
| o | ||
| 2023 | 0 | |
| 2024 | 2 | |
| New | 2022 | 1 |
| York | ||
| 2023 | 0 | |
| 2024 | 0 | |
| North | 2022 | 1 |
| Caroli | ||
| na | ||
| 2023 | 0 | |
| 2024 | 5 | |
| Ohio | 2022 | 4 |
| 2023 | 0 | |
| 2024 | 3 | |
| Pennsylv | 2022 | 0 |
| ania | ||
| 2023 | 0 | |
| 2024 | 1 | |
| Tennesse | 2022 | 2 |
| e | ||
| 2023 | 1 | |
| 2024 | 3 | |
| Texas | 2022 | 13 |
| 2023 | 9 | |
| 2024 | 9 | |
| Utah | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 1 | |
| Virginia | 2022 | 3 |
| 2023 | 0 | |
| 2024 | 5 | |
| Washingt | 2022 | 3 |
| on | ||
| 2023 | 1 | |
| 2024 | 1 | |
| Wyomin | 2022 | 1 |
| g | ||
| 2023 | 0 | |
| 2024 | 1 | |
| 2022 | 58 | |
| 2023 | 30 | |
| 2024 | 55 | |
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 were two franchise transfers in Illinois during 2024. This means that two existing Card My Yard franchise locations in Illinois were sold from one franchisee to another new franchisee during that year.
For a prospective franchisee, this information provides insight into the resale market for Card My Yard franchises. A low number of transfers could indicate that franchisees are generally satisfied with their businesses and are not looking to sell. Conversely, a high number of transfers might suggest potential issues with profitability or franchisee satisfaction that are causing owners to exit the system.
It is important to note that franchise transfers are a normal part of any franchise system as franchisees retire or pursue other opportunities. The transfer process is typically governed by the franchise agreement and may require the franchisor's approval of the new franchisee. Reviewing the number of transfers alongside other data points, such as terminations and non-renewals, can provide a more comprehensive understanding of the health and stability of the Card My Yard franchise system.