What was Card My Yard's operating lease cost?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
will not provide an on-site evaluation for any proposed site before receiving all required information and materials required pursuant to Section III.A(2) below.
- (2) If you wish to operate your Card My Yard Business from a location that is not your primary residence, then before acquiring a site for the Card My Yard business, you must submit to us, in the form specified by us, a description of the site, evidence satisfactory to us demonstrating that the site satisfies our site selection guidelines, and such other information and materials as we may reasonably require,including, but notlimited to, a final, complete copy of the lease (which must incorporate a rider in substantially the form attached hereto as Exhibit F) or contract of sale for the site for your Card My Yard business. Such lease or contract for sale may not be signed by you unless it includes a rider in substantially the form attached hereto as Exhibit F and is submitted to, and approved by, us in advance.
- (3) We shall have fifteen (15) days after receiving all required site information to accept or reject, in our sole discretion, the proposed site as the location for your Card My Yard business. No site may be used for a Card My Yard business unless it is first accepted in writing by us, and you shall not make any binding commitment with respect to a site for your Card My Yard business unless the site is first accepted in writing by us. If we accept multiple sites for the Card My Yard business, you shall notify us in writing within five (5) days of the date of such acceptance of the site that you intend to acquire for the Card My Yard business. You acknowledge that our acceptance of a prospective site and the rendering of assistance in the selection of a site does not constitute a representation, promise, warranty or guarantee, express or implied, by us that the Card My Yard business operated at that site will be profitable or otherwise successful.
- (4) If you obtain rights to a site other than your home, then promptly following our acceptance of the site for your Card My Yard business, you shall acquire the site by purchase or lease, at your expense.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the FDD does not state the exact operating lease cost for a Card My Yard franchise. However, it does mention several factors regarding site selection and lease agreements.
According to the FDD, if a franchisee chooses to operate their Card My Yard business from a location other than their primary residence, they must first submit a description of the site, evidence that the site meets Card My Yard's selection guidelines, and a complete copy of the lease or sales contract to Card My Yard for approval. The lease or contract cannot be signed unless it includes a rider in the form attached as Exhibit F and is approved by Card My Yard in advance. Card My Yard has 15 days to either accept or reject the proposed site.
The FDD states that if Card My Yard accepts the site and the franchisee acquires it, the franchisee is responsible for the expenses of purchasing or leasing the site. The franchisee must also provide Card My Yard with a copy of the executed lease or sales contract within 10 days of execution. Prospective franchisees should inquire with Card My Yard about typical lease costs and factors influencing these costs during their due diligence.