What was the net change in the number of company-owned Card My Yard outlets during 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
utlet Summary For years 2022 to 2024 (1)**
| Column 1 | Column 2 | Column 3 | Column 4 | Column 5 |
|---|---|---|---|---|
| Outlet Type | Year | Outlets at the | Outlets at the | Net Change |
| Start of the Year | End of the Year | |||
| Franchised | 2022 | 470 | 508 | 38 |
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, the net change in the number of company-owned outlets during 2024 was 0. The number of company-owned Card My Yard outlets remained constant throughout 2022, 2023 and 2024.
Specifically, the number of company-owned Card My Yard outlets at the start of 2024 was 2, and the number at the end of 2024 remained at 2. This indicates that Card My Yard did not open, close, or transfer any company-owned outlets during that year.
For a prospective franchisee, this information suggests that Card My Yard primarily focuses on franchising as its method of expansion rather than operating company-owned stores. This could mean that franchisees receive more support and attention from the franchisor, as their success is more directly tied to the franchisor's revenue. However, it may also mean less direct insight into operations from the franchisor's own experience.