When does Card My Yard recognize vendor rebate revenue?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree that we and our Affiliates may derive revenue based on your purchases and leases (including, without limitation, from charging you for products and services we or our Affiliates provide to you and from payments made to us or our Affiliates by suppliers that we designate or approve for some or all of our franchisees).
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
Based on the 2025 Card My Yard Franchise Disclosure Document, the document does not specify when Card My Yard recognizes vendor rebate revenue. The FDD does mention that Card My Yard and its affiliates may derive revenue from payments made to them by suppliers that Card My Yard designates or approves for some or all of its franchisees.
However, the FDD lacks specific details on the accounting practices related to these vendor payments. It does not explain when or how Card My Yard recognizes this revenue for accounting purposes.
A prospective franchisee should seek clarification from Card My Yard regarding their policies on vendor rebates, including how these rebates are accounted for and any potential impact on the franchisee's financial obligations or benefits. Understanding these financial aspects is crucial for making an informed investment decision.