Does the Principal Owner of a Card My Yard franchise need approval from the franchisor?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (1) You agree to designate upon the execution of this Agreement, and to retain at all times during the term of this Agreement, an individual to serve as your Principal Owner.
The Principal Owner must meet our qualifications and must be approved by us.
Unless a separate General Manager is approved by us as described in Section VII.E(2), your Principal Owner must devote full time and best efforts to the supervision of the Card My Yard business(s) operated by you and your Affiliates.
Without our written consent, your Principal Owner shall not engage in any business other than the operation of your Card My Yard business(s).
Your Principal Owner and any General Manager whom we approve must be empowered with full authority to act for you.
- (2) Before the Opening Date you must designate, and all times thereafter retain, a General Manager who meets our qualifications to supervise the operation of your Card My Yard business.
Your Principal Owner may serve as the General Manager of your Card My Yard business, provided that he or she may not serve as the General Manager for more than one Card My Yard business at the same time.
Subject to our written consent, you may elect to designate an individual other than your Principal Owner for the position of General Manager.
Your General Manager must devote full time and best efforts to the supervision of the Card My Yard business operated by you and your Affiliates and, without our written consent, shall not engage in any other business.
You acknowledge and agree that the appointment of a General Manager will not relieve your Principal Owner of his or her supervisory responsibilities for the operation of your Card My Yard business.
You and your Principal Owner shall remain fully responsible for your General Manager's performance.
Each Card My Yard business must have a different General Manager.
- (3) The names of your Principal Owner and General Manager shall be listed in Exhibit D to this Agreement and you agree to keep such information current at all times during the term of this Agreement.
You must promptly notify us in writing if your Principal Owner or General Manager cannot continue or no longer qualifies to serve in that capacity and must take corrective action within thirty (30) days after any such notice.
During such thirty (30) day period, you must provide for interim management of your operations in accordance with this Agreement.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the Principal Owner of a Card My Yard franchise must meet the franchisor's qualifications and receive their approval. This requirement ensures that individuals in charge of managing a Card My Yard franchise meet the standards set by the company.
Unless Card My Yard approves a separate General Manager, the Principal Owner must dedicate their full time and best efforts to supervising the Card My Yard business. The Principal Owner cannot engage in any other business without written consent from Card My Yard. This demonstrates Card My Yard's emphasis on the Principal Owner's commitment to the success of the franchise.
The Principal Owner and any approved General Manager must have full authority to act on behalf of the franchisee. The names of the Principal Owner and General Manager are listed in an exhibit to the Franchise Agreement, and the franchisee must keep this information current. If the Principal Owner or General Manager can no longer fulfill their role, Card My Yard must be notified in writing, and corrective action must be taken within 30 days. This ensures that Card My Yard is always aware of who is managing the franchise and that any management gaps are promptly addressed.