How many Card My Yard outlets in Idaho had non-renewals in 2022?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of | Outlets | Terminations | Non- | Reacquired by | Ceased Operations – Other | Outlets at End of | | | | Year | Opened | | Renewals | Franchisor | Reasons | the Year | |---|---|---|---|---|---|---|---|---| | Idaho | 2022 | 4 | 0 | 0 | 1 | 0 | 0 | 3 | | | 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | | | 2024 | 3 | 0 | 0 | 0 | 0 | 0 | 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 was one Card My Yard location in Idaho that had a non-renewal in 2022. This means that the franchisee chose not to renew their franchise agreement at the end of its term. At the start of 2022, there were 4 Card My Yard outlets in Idaho. During 2022, no new locations opened, and one location had a non-renewal. At the end of 2022, there were 3 Card My Yard outlets in Idaho.
Non-renewals can occur for various reasons, such as the franchisee's decision to retire, pursue other business ventures, or dissatisfaction with the franchise system. It is important to note that a non-renewal does not necessarily indicate a failure of the business, but rather a decision by the franchisee not to continue operating under the Card My Yard brand.
Prospective franchisees should consider the rate of non-renewals as part of their due diligence process. While one non-renewal in a state with a small number of outlets may not be significant, a higher rate of non-renewals could indicate potential issues with the franchise system or market conditions in that area. It's advisable to discuss the reasons for any non-renewals with the franchisor and current franchisees to gain a better understanding of the factors that may have contributed to those decisions.