Who is required to complete training programs for a Card My Yard franchise transfer?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (4) The proposed transferee must demonstrate to our satisfaction that it meets our then-current qualifications, and, at the transferee's expense, its Principal Owner, General Manager, and any other personnel we require shall complete any training programs then in effect for Card My Yard businesses upon such terms and conditions as we may reasonably require;
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, during a franchise transfer, the proposed transferee must meet Card My Yard's qualifications. Specifically, the transferee's Principal Owner, General Manager, and any other personnel that Card My Yard requires must complete the training programs in effect for Card My Yard businesses. The transferee bears the expense of this training.
This requirement ensures that the new management and staff are adequately trained in Card My Yard's operational standards and procedures. It helps maintain consistency and quality across all franchise locations, protecting the brand's reputation.
For a prospective franchisee looking to transfer their Card My Yard business, it's important to understand that the individuals taking over the franchise will need to undergo training, and the cost of this training will be the responsibility of the transferee. This should be factored into the negotiation of the sale price and terms of the transfer. Furthermore, the specific personnel required to undergo training is determined by Card My Yard, so communication with the franchisor is essential during the transfer process.