How many Card My Yard outlets in Maryland 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 | 1 | 2 |
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 Maryland during 2023. The number of outlets at the start of the year was 12, no outlets were opened during the year, one termination occurred, and the number of outlets at the end of the year was 11.
This information is crucial for prospective franchisees as it provides insight into the stability and performance of Card My Yard franchises in Maryland. A termination could indicate various factors such as underperformance, failure to adhere to franchise agreements, or other operational challenges. Understanding the reasons behind terminations can help potential franchisees assess the risks and opportunities associated with investing in a Card My Yard franchise in that specific region.
It's important to note that while one termination occurred, this doesn't necessarily reflect negatively on the entire franchise system in Maryland. Further investigation into the specific circumstances of the termination would be beneficial. Prospective franchisees should consider this data point in conjunction with other factors, such as the number of new outlets opened and the overall performance of existing franchises, to form a comprehensive understanding of the franchise's health and potential in Maryland.
For a more complete picture, a prospective Card My Yard franchisee should also speak with current and former franchisees in Maryland to gather firsthand accounts of their experiences. This will provide valuable context and help in making an informed decision about investing in a Card My Yard franchise.