What was the total amount of member distributions for Card My Yard in 2021?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 2022 | 2021 | |
|---|---|---|
| Revenues: | ||
| Royalties | $ 2,349,533 $ 2,658,960 $ 3,957,477 | |
| Franchise fees | 400,660 431,653 | 593,100 |
| Boutique sales | 764,972 1,243,391 | 2,667,220 |
| CARDference fees | 6,400 38,950 | - |
| Total revenues | 3,521,565 4,372,954 | 7,217,797 |
| Cost of sales | 710,518 1,029,769 | 2,147,137 |
| Gross profit | 2,811,047 3,343,185 | 5,070,660 |
| Operating expenses: | ||
| Advertising and promotion | 126,163 137,038 | 241,493 |
| Amortization | 1,459,986 1,459,983 | 1,459,980 |
| Conferences | 15,103 230,890 | 42,611 |
| Credit card fees | 343,045 410,140 | 606,030 |
| Depreciation | 14,949 14,948 | 11,333 |
| Insurance | 54,760 63,906 | 50,969 |
| Legal and professional | 303,127 295,456 | 328,966 |
| Management and board fees | 459,742 450,000 | 370,834 |
| Payroll expenses and benefits | 1,717,718 1,449,774 | 2,032,952 |
| Rent | 165,150 151,775 | 125,254 |
| Software | 241,922 255,850 | 225,151 |
| Other | 128,731 100,092 | 176,013 |
| Total operating expenses | 5,030,396 5,019,852 | 5,671,586 |
| Loss from operations | (2,219,349) (1,676,667) | (600,926) |
| Other income (expense): | ||
| Interest expense | (23,948) - | - |
| Charitable contributions | (15,000) (20,750) | (37,233) |
| Other income | 914 261 | 15,915 |
| Other expense, net | (38,034) (20,489) | (21,318) |
| Net loss | (2,257,383) (1,697,156) | (622,244) |
| Member's equity, beginning of year | 10,783,542 12,480,698 | 14,931,385 |
| Member distributions | - - | (1,828,443) |
| Member's equity, end of year | $ 8,526,159 $ 10,783,542 $ 12,480,698 |
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the total member distributions for the company in 2021 were $1,828,443. This figure represents the amount of profits or capital that Card My Yard distributed to its members during that year.
For a prospective franchisee, understanding member distributions can provide insight into the financial health and profitability of the franchisor. While this number doesn't directly impact the franchisee's day-to-day operations, it reflects how the company manages its finances and shares its success with its members. A significant distribution suggests that the company is generating substantial profits.
However, it's important to consider this figure in conjunction with other financial data, such as revenues, expenses, and net income, to get a comprehensive understanding of Card My Yard's financial performance. Franchisees should also inquire about the company's distribution policies and how they might change in the future.