What was the total revenue for Card My Yard in 2022?
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 |
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 revenue for 2022 was $4,372,954. This figure represents the sum of various revenue streams, including royalties, franchise fees, boutique sales, and CARDference fees. Understanding the composition of this revenue is important for prospective franchisees as it provides insight into the different ways Card My Yard generates income.
Breaking down the revenue streams, royalties accounted for $2,658,960, franchise fees contributed $431,653, boutique sales amounted to $1,243,391, and CARDference fees added $38,950 to the total revenue. Boutique sales saw a significant increase from 2021 to 2022, while CARDference fees decreased. These fluctuations highlight the dynamic nature of the business and the potential impact of different revenue sources on the overall financial performance.
For a potential franchisee, this information is crucial for financial planning and forecasting. It demonstrates the relative importance of each revenue stream and helps in understanding how changes in one area can affect the overall profitability of a Card My Yard franchise. Prospective franchisees should consider these figures when evaluating the potential return on investment and the strategies they might employ to maximize revenue generation.