What is the method of payment for the initial franchise fee for a Card My Yard franchise?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| TYPE OF | AMOUNT | AMOUNT | METHOD | WHEN DUE | TO WHOM |
|---|---|---|---|---|---|
| EXPENDITURE | (LOW) | (HIGH) | OF PAYMENT | PAYMENT IS TO BE MADE | |
| Initial Franchise Fee1 | $8,500 | $8,500 | Lump sum | When you sign Franchise Agreement | Us |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the initial franchise fee is $8,500, payable as a lump sum when you sign the Franchise Agreement. This fee is paid directly to Card My Yard. The FDD notes that Card My Yard does not offer financing for the initial franchise fee.
Typically, the initial franchise fee covers the franchisor's costs for onboarding a new franchisee, including training and support. In Card My Yard's case, the initial franchise fee covers the costs of onboarding and also provides the initial set of yard letters and signs at no additional cost.
Prospective franchisees should be aware that this fee is generally non-refundable, as stated in Item 7. Therefore, it's crucial to conduct thorough due diligence before signing the Franchise Agreement and paying the initial franchise fee to Card My Yard.