How many Card My Yard franchise outlets were transferred in New Jersey 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 | Number of T |
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 3 franchise outlets transferred in New Jersey during 2024. This information is based on data collected as of December 31st, 2024, which marks the end of Card My Yard's fiscal year.
For a prospective franchisee, this data point provides insight into the resale activity within the Card My Yard franchise system in New Jersey. A transfer indicates that an existing franchisee sold their business to a new owner, rather than the franchise being a brand new location.
The number of transfers can be influenced by various factors, including franchisee performance, local market conditions, and the overall attractiveness of the Card My Yard franchise. A high number of transfers might suggest a healthy market for resales, while a low number could indicate stability among existing franchisees.
It's important to note that transfer numbers alone don't tell the whole story. A prospective franchisee should investigate the reasons behind any transfers, such as retirement, relocation, or underperformance, to gain a more complete understanding of the franchise's health in a specific region.