When are the POS/Computer Hardware and Software costs due for a Card My Yard franchise?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
s of travel, lodging and meals |
| TYPE OF | AMOUNT | AMOUNT | METHOD | WHEN DUE | TO WHOM |
|---|---|---|---|---|---|
| EXPENDITURE | (LOW) | (HIGH) | OF PAYMENT | PAYMENT IS TO BE MADE | |
| Initial Franchise Fee1 | $8,500 | $8,500 | Lump sum | When you sign Franchise Agreement | Us |
| Lease Expenses |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 23–27)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the costs for POS/Computer Hardware and Software, which range from $0 to $1,500, are due as incurred. This means that franchisees will need to pay for these items as they purchase or lease them from approved suppliers.
Since the payment is "as incurred", a prospective Card My Yard franchisee should budget for these technology costs early in the process of setting up their business. The "as arranged" method of payment suggests that franchisees may have some flexibility in negotiating payment terms with the approved suppliers.
It's important to note that the low-end estimate is $0, which may be applicable if a franchisee already owns the necessary computer hardware and software. However, to ensure smooth operations and compliance with Card My Yard standards, franchisees should confirm with the franchisor what specific hardware and software are required or recommended and factor those costs into their initial investment.