How many Card My Yard franchises in Arkansas were terminated in 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 30 | ||
| 2024 | 55 | ||
| # Table No. 3 Status of Franchised Outlets For years 2022 to 2024 |
| State | Year | Outlets at Start of Year | Outlets Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations – Other Reasons | Outlets at End of the Year |
|---|---|---|---|---|---|---|---|---|
| Alabama | 2022 |
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, one franchise in Arkansas was terminated during the 2024 fiscal year. The data, presented in a table, tracks the status of franchised outlets over the past three years. This includes the number of outlets at the start of the year, the number opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this information is valuable in assessing the stability and performance of Card My Yard franchises in specific states. A termination indicates that a franchise agreement ended prematurely, which could be due to various factors such as non-compliance, poor performance, or mutual agreement. Reviewing termination rates alongside openings and overall outlet growth provides a more comprehensive view of the franchise system's health.
It's important to note that while one termination occurred in Arkansas in 2024, there were no terminations in 2022 or 2023. Additionally, no franchises were non-renewed or reacquired by Card My Yard in Arkansas during the reported period. The number of outlets in Arkansas increased from five in 2022 to six in 2023, but decreased from seven to six in 2024, reflecting the single termination. This level of detail allows potential franchisees to evaluate the risks and opportunities associated with investing in a Card My Yard franchise in Arkansas compared to other states.
Overall, the information presented in Item 20 of the FDD offers transparency regarding the historical performance and changes within the Card My Yard franchise system. Prospective franchisees should carefully analyze these trends, considering factors such as market conditions, local competition, and the franchisor's support, to make an informed investment decision.