How many Card My Yard outlets opened in Florida during 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 were 3 Card My Yard outlets opened in Florida during 2023. The table provided in Item 20 of the FDD outlines the number of outlets opened, terminated, and the total number of outlets at the end of the year for each state.
Specifically, for Florida in 2023, the table indicates that there were 41 outlets at the start of the year, 3 outlets opened, 4 terminations, and 40 outlets at the end of the year. This information is useful for prospective franchisees to understand the growth and stability of Card My Yard in Florida.
It's important to note that while 3 new Card My Yard locations opened in Florida, there was a net decrease of 1 outlet due to 4 terminations. This could indicate market saturation, franchisee performance issues, or other factors that prospective franchisees should investigate further. Understanding the reasons behind terminations can provide valuable insights into the challenges and opportunities within the Florida market.