How many Card My Yard franchise outlets were transferred in Minnesota 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 |
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 outlets transferred in Minnesota during 2024. This information is based on data collected as of December 31, 2024.
The transfer of a franchise outlet means that an existing franchisee sold their business to a new owner, other than Card My Yard itself. This can occur for various reasons, such as the franchisee retiring, relocating, or deciding to pursue other business ventures. The number of transfers can be an indicator of the health and stability of the franchise system within a specific state.
For a prospective franchisee, knowing the number of transfers can be useful in assessing the market and the potential for resale. A higher number of transfers might suggest a more active market for buying and selling franchises, while a lower number could indicate greater stability or fewer opportunities to acquire an existing business. It's important to consider the reasons behind the transfers and whether they reflect positive or negative trends within the Card My Yard franchise system in Minnesota.