factual

Under what circumstances might the Net Proceeds distribution to a Card My Yard franchisee be delayed?

Card_My_Yard Franchise · 2025 FDD

Answer from 2025 FDD Document

Net Proceeds distributions will be made to you every Friday (subject to delay for bank holidays), provided that distribution date schedules may change from time to time, at our option, upon written notice to you.

Source: Item 23 — RECEIPTS (FDD pages 84–259)

What This Means (2025 FDD)

According to Card My Yard's 2025 Franchise Disclosure Document, Net Proceeds distributions are typically made to franchisees on a weekly basis, specifically every Friday. However, these distributions are subject to delays under certain circumstances. One explicit reason for delay is the occurrence of bank holidays, which can push back the distribution date.

Additionally, Card My Yard retains the right to modify the distribution date schedules. If Card My Yard chooses to change the distribution schedule, they must provide written notice to the franchisee. This clause provides Card My Yard with the flexibility to adjust payment schedules as needed, although they are obligated to inform franchisees of any such changes in writing.

In practical terms, a Card My Yard franchisee should be aware that while they can generally expect weekly payments on Fridays, they need to factor in potential delays due to bank holidays. Furthermore, franchisees should pay close attention to any written notices from Card My Yard regarding changes to the distribution schedule to avoid any surprises in their cash flow projections. This highlights the importance of maintaining open communication with the franchisor and staying informed about any policy changes that could affect their business operations.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.