What were the total royalties received by Card My Yard in the most recent year?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
LLC. The sellers can earn additional cash consideration up to $5,605,000 if certain sales metrics are met within the 36-month period after closing.
FS PEP HOLDCO, LLC and SUBSIDIARIES
Consolidated Financial Statements As of December 31, 2024 and 2023 and For the Years Then Ended
Together with Independent Auditors' Report
Independent Auditors' Report
To the Board of Managers of FS PEP Holdco, LLC
Opinion
We have audited the accompanying consolidated financial statements of FS PEP Holdco, LLC and subsidiaries (collectively,the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, members' equity, and cash flows for the years then ended, and the related notes to consolidated financialstatements.
Inour opinion,the consolidated financialstatementsreferred toabove presentfairly,in allmaterialrespects, the financial position of FSPEP Holdco, LLC and subsidiaries as of December 31, 2024 and 2023, and the results oftheir operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the UnitedStates of America.
Due to the March 2024 acquisition of an entity under common control, CMY Holdco, LLC (Note 2), the historical activity prior to the acquisition of CMY Holdco, LLC and its wholly-owned subsidiary, Card my Yard Franchising, LLC, have been retrospectively combined in the consolidated fi
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the audited financial statements of FS PEP Holdco, LLC and subsidiaries include the consolidated balance sheets as of December 31, 2024, and 2023. These statements also cover the consolidated statements of operations, members' equity, and cash flows for the years then ended. The financial statements fairly present the financial position of FS PEP Holdco, LLC and subsidiaries as of December 31, 2024, and 2023.
In March 2024, CMY Holdco, LLC was acquired, and the historical activity before the acquisition of CMY Holdco, LLC and its subsidiary, Card My Yard Franchising, LLC, have been retrospectively combined in the consolidated financial statements. The 2023 financial statements of Card My Yard Franchising, LLC, which reflect total assets of $10,040,671 and total revenues of $3,521,565, were audited by other auditors. The opinion on these amounts as of December 31, 2023, and for the year then ended, is based solely on the report of the other auditors.
While the total revenues for Card My Yard Franchising, LLC in 2023 are disclosed, the document does not specifically break out the royalty income Card My Yard received. A prospective franchisee should inquire with Card My Yard about the specific amount of royalties received for more clarity.