How many Card My Yard outlets in Kentucky were terminated in 2023?
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, there was one termination of a Card My Yard outlet in Kentucky during 2023. The table provided in Item 20 outlines 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 each state.
Specifically, for Kentucky in 2023, there were 3 outlets at the start of the year, no outlets opened, 1 termination, no non-renewals, no outlets reacquired by the franchisor, no outlets that ceased operations for other reasons, and 2 outlets at the end of the year. This indicates a net decrease of one outlet in Kentucky during that year, directly attributed to the termination.
Prospective franchisees should pay close attention to the 'Terminations' column in this table, as it provides insight into the stability and success rate of existing franchises within specific states. A higher number of terminations could indicate potential challenges or difficulties in operating a Card My Yard franchise in that particular area. It would be wise to investigate the reasons behind any terminations in a state you are considering.