How many Card My Yard outlets in Minnesota 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 Minnesota during 2023. 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.
Specifically, for Minnesota in 2023, the table shows that there were 10 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 9 outlets at the end of the year. This indicates a net decrease of one outlet due to the single termination.
Prospective franchisees should pay close attention to the 'Terminations' column in this table, as it provides insight into the stability and success of existing franchises within the Card My Yard system. A high number of terminations in a particular state could indicate challenges or issues that may affect the profitability and sustainability of a Card My Yard franchise in that area. It is also important to note that terminations can occur for various reasons, including franchisee non-compliance, poor performance, or mutual agreement between the franchisor and franchisee.