What was the total 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 | |
| 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 |
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 2023 was $3,521,565. This figure represents the sum of royalties, franchise fees, boutique sales, and CARDference fees that Card My Yard collected during that year. This information is crucial for potential franchisees as it provides a snapshot of the brand's financial performance and revenue streams.
Specifically, the revenue is broken down into several categories. Royalties accounted for $2,349,533, franchise fees contributed $400,660, boutique sales generated $764,972, and CARDference fees added $6,400 to the total revenue. Understanding these different revenue components can help a prospective franchisee assess the various income sources and their relative importance to Card My Yard's overall financial health.
It's also important to note the cost of sales, which was $710,518 in 2023. Subtracting this from the total revenue yields a gross profit of $2,811,047. While the total revenue figure provides an overview of the income generated, examining the gross profit offers a clearer picture of the company's profitability before considering operating expenses. This information, combined with other financial data in the FDD, can assist potential franchisees in making an informed decision about investing in a Card My Yard franchise.