What was the royalty revenue for Card My Yard in 2023?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 2022 | 2021 | |
|---|---|---|
| Revenues: | ||
| Royalties | $ 2,349,533 $ 2,658,960 $ 3,957,477 |
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the royalty revenue for 2023 was $2,349,533. The FDD also provides royalty revenues for the previous years, with $2,658,960 in 2022 and $3,957,477 in 2021. This information is useful for prospective franchisees to understand the historical royalty income of Card My Yard.
Tracking royalty revenue trends can provide insights into the brand's performance and revenue streams. A prospective franchisee can analyze these figures to assess the stability and growth of Card My Yard's royalty income over the past three years. This data point, combined with other financial metrics, helps in evaluating the overall financial health and potential of the franchise system.
It's important to note that while past performance can be an indicator, it is not a guarantee of future results. Factors such as market conditions, competition, and overall economic trends can influence royalty revenues. Therefore, prospective franchisees should conduct thorough due diligence and consider various factors before making an investment decision.