How many Card My Yard franchise outlets were transferred in Michigan during 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
31st .
Table No. 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For years 2022 to 2024
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year |
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 2 franchise transfers in Michigan during 2024. This information is based on Table No. 2, which details the transfers of outlets from franchisees to new owners, excluding transfers to the franchisor. The table provides a state-by-state breakdown of these transfers for the years 2022, 2023, and 2024.
For a prospective Card My Yard franchisee, this data indicates the level of franchise resales activity within the Michigan market. A higher number of transfers could suggest a more active market for buying and selling existing franchises, which might present opportunities for entry or exit. However, it could also signal potential issues with franchise performance or franchisee satisfaction, prompting further investigation into the reasons behind the transfers.
It's important to note that franchise transfers are a normal part of the franchise lifecycle, as franchisees retire, pursue other opportunities, or face unforeseen circumstances. The number of transfers in a given year can be influenced by various factors, including the overall economic climate, local market conditions, and the specific performance of the Card My Yard franchise system in that region. A prospective franchisee should consider these factors and conduct thorough due diligence to understand the dynamics of the Michigan market before making a decision.
While the FDD provides data on franchise transfers, it does not offer specific reasons for why those transfers occurred. A prospective franchisee should speak with current and former franchisees in Michigan to gain a better understanding of their experiences and the factors that may have influenced their decisions to transfer their Card My Yard businesses. This information, combined with a careful review of the FDD and other relevant data, can help a prospective franchisee make an informed decision about investing in a Card My Yard franchise in Michigan.