How many Card My Yard franchises were transferred in Virginia during 2022?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| Virginia | 2022 | 3 |
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 information is based on Table No. 2, which details the transfers of outlets from franchisees to new owners, excluding transfers to Card My Yard itself.
For a prospective franchisee, this indicates the level of franchise resales activity within the state. A higher number of transfers could suggest a more active market for buying and selling existing Card My Yard businesses. It could also reflect franchisees choosing to exit the system for various reasons, such as retirement or other business opportunities.
It is important to note that franchise transfers do not necessarily indicate the health or profitability of the franchise system. Further investigation would be needed to understand the reasons behind these transfers and their impact on the overall Card My Yard network in Virginia. A prospective franchisee should consider this data point in conjunction with other performance metrics and speak with current and former franchisees to gain a comprehensive understanding.