What was the net change in the number of franchised Card My Yard outlets during 2022?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
| 2023 | 508 | 532 | 24 | |
| 2024 | 532 | 543 | 11 | |
| Company-Owned | 2022 | 2 | 2 | 0 |
| 2023 | 2 | 2 | 0 | |
| 2024 | 2 | 2 | 0 | |
| Total Outlets | 2022 | 472 | 510 | 38 |
| 2023 | 510 | 534 | 24 | |
| 2024 | 534 | 545 | 11 | |
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 franchised outlets during 2022 was an increase of 38 locations. At the start of 2022, there were 470 franchised outlets, and by the end of the year, the number had grown to 508. This indicates a healthy expansion of the franchise network during that period.
For a prospective franchisee, this growth trend can be seen as a positive indicator of the brand's momentum and market acceptance. A growing network can lead to increased brand awareness and potentially stronger negotiating power with suppliers. However, it's important to investigate the reasons behind the growth, such as the effectiveness of Card My Yard's franchisee support, marketing strategies, and overall business model.
It is also important to note that while the number of franchised locations increased, this does not necessarily mean that all locations are performing equally well. A prospective franchisee should still conduct thorough due diligence, including speaking with existing franchisees and analyzing the financial performance of individual locations, to get a complete picture of the franchise's health and potential for success. Understanding the factors that contribute to the success of existing Card My Yard franchisees will be crucial in assessing the viability of opening a new location.
While the FDD provides historical data on outlet growth, it's also important for potential franchisees to inquire about Card My Yard's future growth plans and strategies. Understanding the franchisor's vision for the brand and how they plan to support franchisees in the years to come can help in making an informed investment decision.