How many Card My Yard outlets in Hawaii were terminated 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 |
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 outlet in Hawaii was terminated in 2024. This information is based on the table summarizing outlet status changes from 2022 to 2024. The table provides a year-by-year breakdown of outlets by state, including the number of outlets at the start of the year, outlets opened, terminations, non-renewals, outlets reacquired by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year.
For a prospective franchisee, this indicates the recent history of franchise terminations within the Card My Yard system. While one termination in Hawaii might not seem significant on its own, it's important to consider the context. Investigating the reasons behind terminations can provide valuable insights into potential challenges or factors that contribute to franchise success or failure. Understanding why a franchise was terminated can help a new franchisee avoid similar pitfalls.
It is also important to note that the FDD includes additional exhibits (Exhibit G and H) that list the contact information of current and former franchisees. These exhibits can be a valuable resource for prospective franchisees to gather more detailed information about the franchise system and the experiences of other franchisees, including those who have had their franchises terminated. However, some franchisees may have signed confidentiality agreements, which could limit their ability to speak openly about their experiences.