How many Card My Yard franchise outlets were transferred in Virginia during 2022?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
anchisees 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 transfers in Virginia during 2022. This indicates the number of existing Card My Yard franchises that were sold to new owners within the state during that year.
For a prospective franchisee, this information offers insight into the resale market for Card My Yard franchises in Virginia. A higher number of transfers might suggest a more active market for buying and selling existing franchises, while a lower number could indicate less turnover. It is important to note that franchise transfers do not necessarily reflect the profitability or success of the franchise system, but rather the ownership changes within the system.
Understanding the transfer activity can help a potential franchisee gauge the stability and desirability of owning a Card My Yard franchise in Virginia. It would be wise to investigate the reasons behind these transfers, which could range from franchisees retiring to seeking other business opportunities. This information, combined with other performance metrics, can provide a more comprehensive view of the franchise's health and potential.