How many Card My Yard outlets were operating in Indiana at the start of 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 10 Card My Yard outlets operating in Indiana at the start of 2023. This indicates the existing presence and market penetration of the Card My Yard franchise within the state at that time.
For a prospective franchisee, this figure provides a baseline understanding of Card My Yard's established operations in Indiana. It's important to note that while 10 outlets existed at the beginning of 2023, the table also shows that no additional outlets were opened during that year, and the number of outlets remained at 10 at the end of 2023. This could suggest a period of market consolidation or other factors influencing expansion within the state.
Understanding the dynamics of outlet growth, terminations, and transfers in Indiana, as well as the performance of existing locations, would be crucial for a potential franchisee to assess the opportunities and challenges of investing in a Card My Yard franchise in that specific market. Further investigation into the reasons behind the lack of new openings in 2023 could provide valuable insights into the market conditions and competitive landscape.