How many Card My Yard franchises were transferred in California during 2022?
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 Transfers |
| Alabama | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 | |
| Arkansas | 2022 | 0 |
| 2023 | 0 | |
| 2024 | 1 | |
| Arizona | 2022 | 1 |
| 2023 | 1 | |
| 2024 | 0 | |
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 8 franchise transfers in California during 2022. This information is crucial for prospective franchisees as it provides insight into the stability and desirability of Card My Yard franchises within the state. A higher number of transfers could indicate a more active market for buying and selling franchises, but it could also signal potential issues with franchise performance or franchisee satisfaction.
For a potential Card My Yard franchisee, understanding the reasons behind these transfers is essential. Transfers could occur for various reasons, such as franchisees retiring, relocating, or pursuing other business ventures. However, a significant number of transfers might also suggest underlying problems within the franchise system, such as low profitability or difficulties in managing the business. Therefore, it is advisable to investigate the reasons for the transfers to assess the overall health and attractiveness of a Card My Yard franchise in California.
It would be beneficial for prospective franchisees to speak with both current and former Card My Yard franchisees in California to gain a deeper understanding of their experiences. This would help in evaluating the opportunities and challenges associated with owning a Card My Yard franchise in the state, and in making an informed decision about whether to invest in the franchise.