How many Card My Yard franchises were transferred in Florida during 2024?
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 |
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 Florida during 2024. This information is based on data collected through December 31st, 2024. Franchise transfers occur when an existing franchisee sells their business to a new owner, subject to Card My Yard's approval.
Tracking franchise transfers is important for prospective franchisees as it provides insights into the stability and desirability of existing Card My Yard businesses. A higher number of transfers might indicate a healthy market for resales, while a low number could suggest franchisees are holding onto their businesses.
It is important to note that the FDD also lists the names and contact information of current and former franchisees in Exhibits G and H, respectively. However, some franchisees may have signed confidentiality agreements, which could limit their ability to speak openly about their experiences. Prospective franchisees should consider speaking with both current and former Card My Yard owners to gain a comprehensive understanding of the business.