What was the total operating lease cost for Card My Yard in 2023?

According to Card My Yard's 2025 Franchise Disclosure Document, the total operating lease cost for the company in 2023 was $406,131. This figure represents the expenses Card My Yard incurred for leasing property or equipment necessary for its operations during that year.

For a prospective franchisee, understanding the franchisor's operating lease costs can provide insight into the overhead and fixed expenses associated with running the Card My Yard business. While franchisees may not directly incur these specific costs at the corporate level, it's useful to understand the financial obligations of the franchisor. This information, combined with other financial data in the FDD, can help potential franchisees assess the financial stability and overall health of the Card My Yard franchise system.

It's important to note that this operating lease cost does not reflect the potential costs a franchisee might incur if they choose to lease a location for their own Card My Yard business, as the FDD also mentions the possibility of operating the business from a location other than the franchisee's primary residence. Franchisees should carefully consider their individual circumstances and consult with financial advisors to determine the best approach for their business.