How often does Card My Yard remit Net Proceeds to the franchisee?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
Your Net Proceeds will be distributed to you on a weekly basis while this Agreement remains in effect, subject to delay for bank holidays.
Net Proceeds distributions will be made to you every Friday (subject to delay for bank holidays), provided that distribution date schedules may change from time to time, at our option, upon written notice to you.
The term "Net Proceeds" shall mean the total amount paid by your customers, calculated on a weekly basis, less (i) your applicable royalty fees, Marketing Fund contributions (if applicable) and other fees or amounts owed to us under this Agreement, (ii) amounts paid by your customers for sales taxes, and (iii) any other amounts you may otherwise owe to us or our affiliates.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, franchisees receive their Net Proceeds on a weekly basis. Specifically, Net Proceeds are distributed every Friday, although this schedule may be subject to delays due to bank holidays. Card My Yard retains the option to change the distribution date schedule, provided they give written notice to the franchisee.
"Net Proceeds" is defined as the total amount paid by customers on a weekly basis, less royalty fees, Marketing Fund contributions (if applicable), other fees owed to Card My Yard, sales taxes collected from customers, and any other amounts the franchisee may owe to Card My Yard or its affiliates. This comprehensive deduction ensures that all obligations to the franchisor are settled before the franchisee receives their share of the revenue.
This weekly distribution of Net Proceeds offers a regular income stream for Card My Yard franchisees. However, franchisees should be aware that the distribution amount is subject to deductions for various fees and obligations. The potential for changes to the distribution schedule, while requiring written notice, introduces a degree of uncertainty that franchisees should factor into their financial planning.