What is the per diem rate for additional training at Card My Yard's offices?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| Marketing | Currently $0. If | If implemented, we will | businesses that are located in your Cooperative territory, such company owned Card My Yard businesses will NOT have voting power to increase your required Cooperative contributions. All or a portion of your contributions to a Cooperative may be used to establish and/or maintain a website(s) focused on promoting the Card My Yard Concept in and around your market area. See Note 2 for the definition of Gross |
|---|---|---|---|
| Fund | implemented, an amount equal to the greater of: (a) one-half of one percent (0.5%) of the Card My Yard business' monthly Gross Sales or (b) $25 per month in the first 12 months of your agreement; $40 per month in months 13 through 24; and $65 per month in each 12- month period thereafter. | withhold these funds in the same manner as the royalty payments described above in this Item 6. | Sales. The Marketing Fund contribution is in addition to the local advertising requirement. We may increase the required contribution amount on not less than 30 days' written notice to you (up to a maximum of 2% of Gross Sales, subject to the monthly minimum payments). We may, in our sole discretion, change the frequency of the Marketing Fund Contributions (e.g. change to monthly payments) upon written notice to you. |
| Interest and Late Fees | Interest of 18% per annum or the maximum rate allowed by applicable law, or, at our option, $100 for each failure to timely pay an amount owed under the Franchise Agreement | On demand | We may charge interest or a late fee for any delinquent amounts due under the Franchise Agreement. |
| Additional Training at our offices | At our option, a per diem rate of $150 a day for each trainer. | Before additional training | See Item 11. In addition to our fees, you must also pay all of the costs and expenses of your person |
Source: Item 6 — OTHER FEES (FDD pages 15–23)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, if a franchisee requires additional training at the Card My Yard offices, they may be charged a per diem rate. This rate is $150 per day for each trainer, at Card My Yard's option.
This additional training is not mandatory, but rather offered at the discretion of Card My Yard. The franchisee is responsible for covering not only the per diem rate but also all costs and expenses incurred by their personnel while attending the training. This could include travel, accommodation, and meals.
Prospective franchisees should consider this potential expense when budgeting, especially if they anticipate needing extra support beyond the initial training program. It would be prudent to discuss the circumstances under which additional training might be necessary or recommended with Card My Yard to better understand the potential financial implications.