How many Card My Yard outlets were operating in Kentucky at the end 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 Card My Yard outlets operating in Kentucky at the end of 2024. At the start of 2024, there were 2 outlets. No new outlets opened, and there were no terminations, non-renewals, re acquisitions by the franchisor, or other reasons for ceased operations during the year, so the number of outlets remained at 2.
For a prospective franchisee, this indicates the existing market presence of Card My Yard in Kentucky. It's important to note that while there were 2 outlets at the end of 2024, there was a slight decrease from 3 outlets in 2022 to 2 in 2023, indicating some market fluctuation. A potential franchisee should investigate the reasons behind this change to better understand the market dynamics in Kentucky.
It is also worth noting that Card My Yard projects opening 3 new franchised outlets in Kentucky for the next fiscal year. This suggests that Card My Yard anticipates growth in the Kentucky market and may be actively seeking franchisees to expand its presence in the state. A prospective franchisee should consider this planned expansion when evaluating the opportunity and assess the potential for competition and market saturation.