What is the weighted-average remaining lease term in years for Card My Yard?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
- (2) If you wish to operate your Card My Yard Business from a location that is not your primary residence, then before acquiring a site for the Card My Yard business, you must submit to us, in the form specified by us, a description of the site, evidence satisfactory to us demonstrating that the site satisfies our site selection guidelines, and such other information and materials as we may reasonably require,including, but notlimited to, a final, complete copy of the lease (which must incorporate a rider in substantially the form attached hereto as Exhibit F) or contract of sale for the site for your Card My Yard business.
Such lease or contract for sale may not be signed by you unless it includes a rider in substantially the form attached hereto as Exhibit F and is submitted to, and approved by, us in advance.
- (3) We shall have fifteen (15) days after receiving all required site information to accept or reject, in our sole discretion, the proposed site as the location for your Card My Yard business.
No site may be used for a Card My Yard business unless it is first accepted in writing by us, and you shall not make any binding commitment with respect to a site for your Card My Yard business unless the site is first accepted in writing by us.
If we accept multiple sites for the Card My Yard business, you shall notify us in writing within five (5) days of the date of such acceptance of the site that you intend to acquire for the Card My Yard business.
You acknowledge that our acceptance of a prospective site and the rendering of assistance in the selection of a site does not constitute a representation, promise, warranty or guarantee, express or implied, by us that the Card My Yard business operated at that site will be profitable or otherwise successful.
- (4) If you obtain rights to a site other than your home, then promptly following our acceptance of the site for your Card My Yard business, you shall acquire the site by purchase or lease, at your expense.
You agree to furnish to us a copy of the executed lease or contract of sale within ten (10) days after execution.
- (5) After we accept the site and you acquire the site pursuant to this Agreement, the address of the site shall be entered on Exhibit C to this Agreement as the Franchise Location and the Protected Area around the Franchise Location will be described on Exhibit C.
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
Based on the 2025 Card My Yard Franchise Disclosure Document, the document does not provide information on the weighted-average remaining lease term in years. The FDD does outline the terms and conditions related to site selection and lease agreements if a franchisee chooses to operate from a location other than their primary residence. Specifically, franchisees must submit site descriptions, evidence of compliance with site selection guidelines, and a complete lease copy, including a specified rider, for franchisor approval before signing any lease or purchase agreement.
Card My Yard requires franchisees to secure rights to a site, either through purchase or lease, at their own expense, promptly after site acceptance. A copy of the executed lease or contract of sale must be provided to the franchisor within ten days of execution. The address of the accepted site is then documented in Exhibit C of the Franchise Agreement, which also details the protected area around the franchise location.
To fully understand the typical lease terms and remaining lease durations, a prospective Card My Yard franchisee should directly ask the franchisor about the average or weighted-average remaining lease term for existing franchise locations. This information is crucial for assessing long-term location security and potential future relocation costs.