In which state did Card My Yard have the most franchise outlet transfers in 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 |
|---|---|---|
| State | Year | Number of Transfers |
| North | 2022 | 1 |
| Caroli | ||
| na | ||
| 2023 | 0 | |
| 2024 | 5 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 65–84)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, North Carolina had the most franchise outlet transfers in 2024 with a total of 5. This indicates a higher level of franchisee activity in North Carolina compared to other states within the Card My Yard system during that year.
For a prospective franchisee, this information could be relevant for several reasons. A high number of transfers might suggest a dynamic market within that state, potentially due to franchisees selling their businesses for various reasons such as retirement, relocation, or pursuing other opportunities. It could also indicate a healthy demand for existing Card My Yard franchises in North Carolina.
However, it's important to investigate the reasons behind these transfers. A high transfer rate could also signal underlying issues such as franchisee dissatisfaction or underperforming territories. Therefore, a prospective franchisee should inquire with Card My Yard about the specific circumstances surrounding these transfers to gain a comprehensive understanding of the market dynamics in North Carolina and whether it presents a viable opportunity.