What was the operating lease cost for Card My Yard?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (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.
You agree to furnish to us a copy of the executed lease or contract of sale within ten (10) days after execution.
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 operating lease cost for a Card My Yard franchise. However, the document does state that if a franchisee wishes to operate their Card My Yard Business from a location that is not their primary residence, they must submit a description of the site, evidence that the site satisfies the franchisor's site selection guidelines, and a final, complete copy of the lease or contract of sale for the site.
The lease or contract for sale may not be signed unless it includes a rider in the form attached as Exhibit F and is submitted to, and approved by, the franchisor in advance. The franchisor has fifteen days after receiving all required site information to accept or reject the proposed site. No site may be used for a Card My Yard business unless it is first accepted in writing by the franchisor, and the franchisee shall not make any binding commitment with respect to a site unless the site is first accepted in writing by the franchisor.
If the franchisor accepts multiple sites, the franchisee must notify the franchisor in writing within five days of the date of such acceptance of the site that they intend to acquire. The franchisee is responsible for acquiring the site by purchase or lease at their own expense promptly following the franchisor's acceptance of the site. The franchisee must furnish a copy of the executed lease or contract of sale within ten days after execution. A prospective franchisee should speak with the franchisor directly to understand what the typical operating lease costs are.