How many Card My Yard outlets were reacquired from franchisees in Texas during 2023?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at | Outlets | Outlets | Outlets | Outlets | Outlets at |
|---|---|---|---|---|---|---|---|
| Start of | Opened | Reacquired | Closed | Sold to | End of Year | ||
| Year | From | Franchisee | |||||
| Franchisee | |||||||
| Texas | 2022 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2022 | 2 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 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 zero outlets reacquired from franchisees in Texas during 2023. The provided table in Item 20 outlines the number of outlets at the start of the year, outlets opened, reacquired outlets, closed outlets, outlets sold to a franchisee, and outlets at the end of the year for each state.
Specifically for Texas, the table shows that at the beginning of 2023, there were 2 outlets. Throughout 2023, no outlets were opened, none were reacquired by Card My Yard, none were closed, and none were sold to a franchisee. Consequently, the number of outlets at the end of 2023 remained at 2.
This data point is crucial for potential franchisees as it provides insight into the stability and performance of existing Card My Yard franchises in Texas. The absence of reacquired outlets could indicate that franchisees are generally successful and satisfied with their businesses, though it does not account for terminations or non-renewals. It's important to consider this information alongside other factors, such as the number of franchise terminations and transfers, to gain a comprehensive understanding of the franchise system's health in Texas.