What was the total short-term lease cost for Card My Yard in 2024?

According to Card My Yard's 2025 Franchise Disclosure Document, the total short-term lease cost for the company in 2024 was $133,893. This figure reflects the aggregate expenses Card My Yard incurred for leases lasting a year or less during that fiscal year.

For a prospective franchisee, understanding these costs can provide insight into the types of short-term leases Card My Yard utilizes, which may include equipment or temporary spaces. While franchisees may not directly incur these specific costs at the corporate level, it's beneficial to understand how the franchisor manages its expenses, as this can reflect on the overall financial health and stability of the company.

Comparing the 2024 short-term lease cost to the previous year, 2023, which was $200,074, there is a notable decrease. This could indicate changes in the company's operational strategies, such as reduced reliance on short-term leased assets or renegotiated lease terms. Franchisees might want to inquire about the reasons behind this decrease to better understand the company's financial management and future strategies.