How many Card My Yard outlets in Massachusettes were terminated in 2022?
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 | 0 | 0 | 0 | 3 |
| 2023 |
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 were 2 terminations of Card My Yard outlets in Massachusetts during 2022. The table provided in Item 20 of the FDD details 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.
For a prospective franchisee, this information is valuable in assessing the stability and performance of Card My Yard franchises in specific geographic areas. A high number of terminations could indicate challenges within the market or issues with franchisee support and success. Conversely, a low number of terminations, as seen in Massachusetts, may suggest a more stable and successful franchise environment.
It's important to note that terminations can occur for various reasons, including franchisees choosing to leave the system, failure to meet performance standards, or other breaches of the franchise agreement. While the data indicates the number of terminations, it does not provide the reasons behind them. A prospective franchisee should further investigate the reasons for terminations to gain a comprehensive understanding of the franchise's health and potential risks.
Overall, the data suggests that the Card My Yard franchise system in Massachusetts experienced a small number of terminations in 2022. This information, combined with further due diligence, can help potential franchisees make informed decisions about investing in a Card My Yard franchise.