What is the method of payment for initial training costs for a Card My Yard franchise?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
UR ESTIMATED INITIAL INVESTMENT**
| TYPE OF EXPENDITURE | AMOUNT (LOW) | AMOUNT (HIGH) | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS TO BE MADE |
|---|---|---|---|---|---|
| Fee1 Initial Franchise | $8,500 | $8,500 | Lump sum | When you sign Franchise Agreement | Us |
| Lease Expenses(three months)2 | $0 | $500 | Asstated in lease | As incurred | Landlord |
| Fixtures3 and 7 Furniture and | $150 | $500 | As arranged | As incurred | Third party suppliers |
| POS/Computer Hardware and Software4 | $0 | $1,500 | As arranged | As incurred | Approved Suppliers |
| Initial Training Costs(per person)5 | $0 | $1,000 | As Arranged | Before opening | Cos |
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 method of payment for initial training costs is "as arranged." These costs, which range from $0 to $1,000, are due before opening. The payment is specifically for the costs of travel, lodging, and meals associated with the training.
However, Card My Yard offers initial training to the initial Principal Owner(s) and General Manager (if different) at no additional charge. The listed costs only apply to out-of-pocket expenses incurred by the franchisee or their employees during training. The FDD notes that all initial training programs are available online, so franchisees can avoid travel, lodging, and meal costs by completing the training online.
The low-end estimate of $0 assumes that the franchisee already has internet access and will complete all initial training online. The high-end estimate of $1,000 covers the estimated cost for one individual to attend all or part of the initial training program in Springville, Utah. This means that the payment method "as arranged" likely refers to how the franchisee chooses to pay for these travel-related expenses, whether through credit card, cash, or other means accepted by the vendors providing travel, lodging, and meals.
Prospective franchisees should consider whether they will attend the training in person or complete it online to accurately estimate their initial training costs. They should also clarify with Card My Yard what specific expenses are covered and what payment methods are accepted for those expenses.