What was the number of Card My Yard franchise transfers in California during 2023?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
31st .
Table No. 2 Transfers of Outlets from Franchisees to New Owners (other than the Franchisor) For years 2022 to 2024
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| Sta |
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 4 franchise transfers in California during 2023. This indicates the number of existing Card My Yard franchises in California that were sold to new owners during that year.
Franchise transfers can occur for various reasons, such as a franchisee retiring, relocating, or deciding to exit the business. A high number of transfers could indicate a volatile market or franchisees facing challenges, while a low number might suggest stability and satisfaction among franchisees. However, it is important to consider the overall size of the franchise system in a particular state when evaluating transfer numbers.
For a prospective Card My Yard franchisee, understanding the reasons behind franchise transfers in their target market is crucial. Investigating the performance and experiences of former franchisees can provide valuable insights into the potential challenges and opportunities within the Card My Yard system. It is also important to note that the FDD includes notes specifying that all numbers are as of the fiscal year end, December 31st.