How many Card My Yard outlets were operating in Iowa 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 | 202 |
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 6 Card My Yard outlets operating in Iowa at the start of 2024. The table provided in Item 20 of the FDD outlines 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. This information is presented for the years 2022, 2023, and 2024.
For a prospective franchisee, this data indicates the existing market presence of Card My Yard in Iowa. With 6 outlets already established, a new franchisee might face competition from existing businesses. However, it also suggests that there is an established demand for Card My Yard's services in the state. A potential franchisee should investigate the performance and market saturation of these existing locations to assess the opportunity for further growth.
It is important to note that no outlets opened, terminated, or ceased operations in Iowa during 2022, 2023, or 2024. This could indicate a stable market or a lack of growth opportunities. A prospective franchisee should inquire about the reasons for this stability and whether there are plans for expansion or changes in the Iowa market. Understanding the dynamics of the existing outlets and the franchisor's strategy for the region is crucial for making an informed investment decision.