How many Card My Yard outlets were operating in Hawaii at the start of 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 |
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 outlets operating in Hawaii at the start of 2024. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, the number of 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 useful in understanding the growth and stability of the Card My Yard franchise in Hawaii. Knowing the number of outlets at the start of the year can provide insight into the existing market presence and potential for further expansion. It also shows whether the number of outlets is increasing, decreasing, or remaining stable, which can be an indicator of the brand's performance in that specific state.
It is important to note that while there were 2 Card My Yard outlets at the start of 2024, none were opened during the year, and one was terminated, leaving only 1 outlet at the end of 2024. This suggests a potential challenge or change in the Hawaii market that a prospective franchisee should investigate further. Understanding the reasons behind the termination and the lack of new openings could be crucial in assessing the risks and opportunities associated with investing in a Card My Yard franchise in Hawaii.