How many Card My Yard outlets were operating in Michigan 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 12 Card My Yard outlets operating in Michigan at the start of 2023. The table in Item 20 provides a detailed breakdown of outlet activity by state and year, showing the number of outlets at the beginning of the year, the number opened, terminations, non-renewals, re acquisitions by the franchisor, outlets that ceased operations for other reasons, and the number of outlets at the end of the year. This information is crucial for prospective franchisees to understand the growth and stability of the Card My Yard brand in specific geographic areas.
For a potential Card My Yard franchisee in Michigan, this data indicates a growing presence in the state. With 12 outlets at the start of 2023 and an increase to 16 by the end of the year, it suggests a positive trend. This information can help franchisees assess the market potential and competition in Michigan. It's important to note that while the number of outlets increased, factors like terminations or non-renewals could impact the overall health of the franchise system in the area.
Reviewing the historical data for Michigan and comparing it to other states can provide valuable insights. For example, a state with a high number of terminations might indicate challenges within that market. Conversely, consistent growth suggests a strong support system and brand recognition. Prospective franchisees should also consider the number of transfers, as these can indicate franchisee satisfaction or market saturation. By analyzing these trends, potential franchisees can make a more informed decision about investing in a Card My Yard franchise.