How many Card My Yard outlets were operating in Maryland 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 | 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 11 Card My Yard outlets operating in the state of Maryland at the end of 2024. The table provided in Item 20 of the FDD outlines 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 indicates the existing market presence of Card My Yard in Maryland. It shows that there were 11 outlets at the start of 2024, and no new outlets opened or ceased operations during the year, resulting in 11 outlets at the end of 2024. This data can be useful in assessing the level of competition and market saturation in Maryland.
It is important to note that the FDD provides historical data, and future performance may vary. A prospective franchisee should conduct their own market research and due diligence to assess the potential for success in Maryland. They may also want to speak with existing franchisees in Maryland to learn more about their experiences and the challenges and opportunities in the market.