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Card My Yard Franchise ProfileAdvertising & Marketing Franchises > Signage |
What Are the Initial Investment Requirements for a Card My Yard Franchise?
Starting a Card My Yard franchise requires an initial investment ranging from $9,800 to $18,000. This includes an initial franchise fee of $8,000. Aspiring franchisees should also be prepared for ongoing costs, which include a royalty fee of 7% on revenue and a marketing fee of 2%. Additionally, potential franchisees must demonstrate a net worth of $50,000 to $75,000 to qualify for ownership.
What Is the Revenue Potential for Card My Yard Franchisees?
The average annual revenue for a Card My Yard franchise unit is approximately $28,003, with a median revenue of $19,622. However, revenue can vary significantly, with some units generating as low as $4,708 and others achieving as much as $112,671 annually. This variability highlights the importance of location and operational effectiveness in maximizing revenue potential.
How Quickly Can You Expect to Break Even with a Card My Yard Franchise?
Franchisees can expect to break even within about 3 months of opening their Card My Yard location. This rapid breakeven period is particularly appealing for new franchisees, indicating a potentially quick return on investment. Furthermore, franchisees can anticipate recovering their initial investment within 9 months, making it a compelling option for those looking for fast profitability.
What Are the Growth Trends for Card My Yard Franchises?
Card My Yard has shown impressive growth in its franchised units, increasing from 122 in 2021 to 487 in 2023. This expansion reflects a growing demand for personalized yard signage services and indicates strong brand recognition. With consistent growth in both franchised and corporate units, Card My Yard presents a promising opportunity for entrepreneurs looking to enter a thriving market.
Card My Yard Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Card My Yard Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 124 | 158 | 489 |
| Net Change YoY | 34 | 331 | |
| Franchised Units | 122 | 156 | 487 |
| Net Change YoY | 34 | 331 | |
| Corporate Units | 2 | 2 | 2 |
| Net Change YoY | 0 | 0 |
Initial Investment
The Card My Yard franchise offers a low initial investment range of $9,800 to $18,000. This includes an initial franchise fee of $8,000, making it an accessible option for aspiring entrepreneurs looking to enter the franchise market. The cash required to start ranges from $9,800 to $18,000, allowing for flexibility depending on individual circumstances.
Ongoing Fees
Franchisees are required to pay a royalty fee of 7% on gross sales, along with a marketing fee of 2%. These fees contribute to the overall support and brand marketing efforts provided by Card My Yard, ensuring franchisees benefit from a well-established brand presence in the market.
Financial Performance
Card My Yard demonstrates strong financial potential with an average annual revenue of $21,957 per unit. The median annual revenue stands at $19,622, while the revenue range shows a low of $4,708 and a high of $112,671. This variability highlights the potential for franchisees to scale their operations based on market demand and effective business strategies.
Breakeven and Payback
Franchisees can expect a breakeven time of just 3 months, which indicates a quick return on investment. Moreover, the average investment payback period is approximately 9 months, providing a favorable financial outlook for those entering the business.
Growth Trajectory
Card My Yard has shown significant growth in its franchised units, increasing from 122 in 2021 to 487 in 2023. This rapid expansion reflects the brand's popularity and the effectiveness of its franchise model, making it an appealing opportunity for new investors.
Corporate Structure
Card My Yard operates with a clear corporate structure, maintaining 2 company-owned units while expanding its franchise network. This dual approach allows the brand to maintain control over its core operations while fostering franchisee success through shared resources and support.
Frequently Asked Questions
The initial investment for a Card My Yard franchise ranges from $9,800 to $18,000, which includes an initial franchise fee of $8,000.