How many Card My Yard franchise outlets were transferred in Virginia 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 5 franchise outlets transferred to new owners in Virginia during 2024. This information is based on data collected up to December 31st, 2024.
This transfer data is relevant for prospective franchisees as it provides insight into the resale market for Card My Yard franchises. A higher number of transfers might indicate a more liquid market, where franchisees can more easily sell their businesses if they choose to exit. Conversely, a low number could suggest challenges in transferring ownership.
It's important to note that these transfers represent existing Card My Yard businesses being sold to new owners, not new franchise locations being opened. Reviewing transfer data alongside new outlet openings and terminations can provide a more comprehensive understanding of the franchise system's stability and growth within a specific state.