How many Card My Yard outlets opened in Michigan during 2024?
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 Michigan during 2024. The table in Item 20 provides a breakdown of outlet activity by state and year, showing that Michigan had 16 outlets at the start of 2024, opened 3 new outlets, had 1 termination, and ended the year with 18 outlets.
This information is valuable for potential franchisees as it offers insight into the brand's growth and stability in specific regions. The number of outlets opened, terminations, and overall changes in outlet count can indicate the level of market saturation, franchisee success rates, and the franchisor's support in different areas. A prospective franchisee can use this data to assess the opportunities and risks associated with investing in a Card My Yard franchise in Michigan.
It's important to note that while the table provides a historical overview, it doesn't guarantee future performance. Factors such as local market conditions, competition, and the franchisee's own efforts will also play a significant role in the success of a Card My Yard franchise. Reviewing these figures in conjunction with other sections of the FDD, such as Item 19 (Financial Performance Representations) and speaking with existing franchisees, can provide a more comprehensive understanding of the potential investment.