How many Card My Yard franchise outlets were transferred in New Mexico 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 2 franchise outlets transferred in New Mexico during 2024. This information is detailed in Table No. 2, which tracks transfers of outlets from franchisees to new owners, excluding transfers to the franchisor.
For a prospective franchisee, this data point provides insight into the resale market for Card My Yard franchises in New Mexico. A transfer indicates that an existing franchisee has sold their business to a new owner, which can occur for various reasons, such as retirement, relocation, or a change in career. The presence of transfers suggests that there is a market for reselling Card My Yard franchises, which could be a potential exit strategy for franchisees.
It is important to note that the number of transfers can fluctuate from year to year and may be influenced by local market conditions and the overall performance of the franchise. A high number of transfers could indicate potential issues with franchisee profitability or satisfaction, while a low number may suggest stability within the franchise system. A prospective franchisee should investigate the reasons behind any transfers to gain a better understanding of the opportunities and challenges associated with owning a Card My Yard franchise in New Mexico.
Overall, the transfer data provides valuable information for prospective franchisees to assess the health and stability of the Card My Yard franchise system and to make informed decisions about their investment.