How many Card My Yard outlets in California had non-renewals 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 | 1 | 2 | 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, one Card My Yard location in California had a non-renewal in 2024. The table provided in Item 20 outlines the number of outlets that experienced non-renewals during the 2022, 2023, and 2024 fiscal years.
Non-renewals occur when a franchisee chooses not to extend their franchise agreement at the end of its term. This can happen for a variety of reasons, including the franchisee's decision to retire, pursue other business ventures, or dissatisfaction with the franchise system. It is important to note that non-renewal is different from a termination, which is an action taken by the franchisor to end the agreement due to the franchisee's failure to comply with the terms of the agreement.
For a prospective franchisee, the number of non-renewals can be an important factor to consider when evaluating a franchise opportunity. A high number of non-renewals may indicate that franchisees are not satisfied with the franchise system or that the business model is not sustainable. However, it is also important to consider the overall size of the franchise system and the reasons for the non-renewals before making a decision. Reviewing Exhibit H, as mentioned in the FDD, may provide additional insight into franchisee turnover.