How many Card My Yard franchises were transferred in Virginia 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 |
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 transfers in Virginia during 2024. This information is detailed in a table that tracks the number of franchise transfers across different states and years.
For a prospective franchisee, this data indicates the level of franchise resales or changes in ownership within the Card My Yard system. A higher number of transfers might suggest a more active market for existing franchises, potentially offering opportunities to acquire an established business rather than starting from scratch. However, it could also signal issues with franchisee profitability or satisfaction, prompting owners to sell.
It's important to note that franchise transfers are a normal part of any franchise system as franchisees retire, pursue other opportunities, or face unforeseen circumstances. Reviewing transfer rates in specific states like Virginia can provide insights into the stability and desirability of Card My Yard franchises in that region. Prospective franchisees should investigate the reasons behind transfers to fully understand the implications.