What was the number of Card My Yard franchise transfers in Texas 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 |
|---|---|---|
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 9 franchise transfers in Texas during 2023. This information is based on data compiled by Card My Yard regarding transfers of outlets from franchisees to new owners, excluding transfers back to the franchisor.
Franchise transfers occur when an existing franchisee sells their business to a new owner, subject to the franchisor's approval. Monitoring the number of transfers can provide insight into the stability and desirability of Card My Yard franchises. A high number of transfers could indicate franchisees are struggling or looking to exit the business, while a low number might suggest satisfaction and profitability among franchisees.
Prospective Card My Yard franchisees should consider the transfer history in their target state as part of their due diligence. It is also important to speak with current and former franchisees to understand the reasons behind any transfers and to assess the overall health of the franchise system. Understanding the reasons behind franchise transfers can help a prospective franchisee evaluate the potential risks and rewards of investing in a Card My Yard franchise in Texas.