Card My Yard allows customers to send personalized yard signs for special occasions. Founded in 2014 by Amy Arnold and Jessica Stanley in Austin, Texas, it has expanded to over 350 franchise locations across the U.S. In this article, I will discuss the process and cost of setting up a Card My Yard franchise, the potential profit, and insights from current and former franchisees. Additionally, we will conduct a comparative analysis with some of its competitors.
The success and growth of Card My Yard have made it a significant player in the yard greeting service franchise industry. Still, it is essential to thoroughly assess the competitive landscape and understand customer preferences to make the most informed decision when considering a Card My Yard franchise opportunity.
How much does a Card My Yard franchise cost?
The Card My Yard franchise cost ranges from $9,800 to $18,000. As part of the franchise agreement, a 6% royalty fee is levied on gross sales, while 3% of gross income is allocated for marketing expenses. The average profit margin for a Card My Yard franchise is an impressive 40%, with a common return on investment period of approximately 2 years.
Card My Yard Franchise Price and Cost
Card My Yard Franchise Fee
Card My Yard Franchise Com
$9,800 – $18,000
Term of Agreement
Is franchise term renewable?
Renewable Franchise Fees
Card My Yard Franchise Locations
The Card in my yard franchise locations in United States includes Columbia and Atlanta.
How much do Card My Yard franchise owners make?
The amount of cash that franchise Card My Yard franchise owners make varies depending on a range of factors, which includes the location of the franchise, the dimensions of the enterprise, and the number of orders that are earned by the franchise as a result of its day-to-day operations. However, as per their FDD, the average gross income for a franchise is $46,876. The median gross sales is $39,206. The minimal gross sales is $2,529. The most gross income is $160,683.
As of 2023, there are more than 350 operational Card My Yard franchises in the United States. The average gross sales for a Card My Yard franchise in 2022 were $46,876, with a median gross income of $39,206.
While the minimum gross sales for a Card My Yard franchise in 2022 stood at $2,529, some locations recorded remarkable sales of up to $160,683 during the same period. To become a Card My Yard franchisee, an initial investment ranging from $13,900 to $26,900 is required, in addition to a $15,000 franchise fee.
The profit margin for a franchise in Card My Yard is normally around 20%. This approach means that for every $100 in income, the franchise owner might make an income of $20.
So, how much a franchise owner of Card My Yard make? It depends. But, if you are searching for a franchise opportunity with the capability to make a very good living, Card My Yard is a good option to recall.
What is Card My Yard franchise profit?
I project the Card My Yard franchise profit and years to recoup the investment (ROI).
Estimated Annual Profit (12.5%)
Estimated Annual Profit (15%)
Estimated Annual Profit (18%)
The estimated Card My Yard franchise profit is in the range of $6,250 to $12,500 and it will take 1.7 to 3 years to recoup the investment.
According to industry standards, getting a return on the franchise investment will not take a very long time.
Is the Card My Yard Franchise Profit Worth the Cost?
Whether or not the franchise in Card My Yard income is worth the fee relies upon more than a few factors, along with your personal monetary state of affairs, your risk tolerance, and your expectancies for the company or franchise.
Potential Risks to consider before investing in a Card My Yard
High initial investment: The initial investment for a Card My Yard is between $9,800 and $18,000.
Competition: There are some other yard signal groups in the market, so you will need to find a manner to distinguish your franchise.
Seasonality: The demand for backyards is typically maximum at some stage in the spring and summer months. This approach that you will need to make sure you have got sufficient money go with the flow to cover your costs for the duration of the slower months.
Economic downturn: During economic downturns, people have a tendency to spend less money on discretionary objects like yard signs. This ought to impact your income and earnings.
How to Open a Card My Yard Franchise?
Contact Card My Yard and request a franchise disclosure file (FDD). The FDD will provide you with approximately distinct information, the franchise possibility, inclusive of the fees, risks, and responsibilities.
Meet with a Card My Yard representative to talk about the franchise opportunity. This is your chance to ask questions and get greater records about the commercial enterprise.
Complete the franchise training program. This includes offering financial facts and a non-public resume.
Once you receive approval from Card My Yard, you can proceed to sign the franchise agreement and make the required franchise fee payment. Select an area and open your franchise. Card My Yard will offer you with assistance and training that will help you get started in your journey to success.
Card My Yard Franchise Requirements
Minimum experience required: No such Requirement
Minimum Cash Requirements: $5,000
Net Worth Required: $15,000
Franchise fee: $7,000
Initial investment: $9,800 – $18,000
Card My Yard Training to Franchises
Card My Yard gives significant training to its franchisees. The training software covers a wide range of factors, from income and advertising to customer service and operations. The training is generally held at Card My Yard’s headquarters in Austin, Texas.
Card My Yard Operations to Franchises
Franchisees in Card My Yard operate their businesses under the Card My Yard brand and are required to observe Card My Yard’s well known and running approaches. This ensures that all franchisees of Card My Yard offer a regular level of service to their customers.
How is Card My Yard Territory Granted to Franchises
Card My Yard offers territories to its franchisees. The size of the territory relies upon the population of the area. Franchisees aren’t allowed to perform in different franchisees’ territories.
What is the Franchise Term of Agreement and Renewal?
The initial term of the franchise in Card My Yard agreement is 10 years. The agreement may be renewed for an additional 10 years.
Does Card My Yard provide Financial Assistance to Franchises?
Card My Yard does not provide financial assistance to its franchisees. However, franchisees may be eligible for loans from banks or different lenders.
Pros & Cons of owning a Card My Yard Franchise
Brand recognition: Card My Yard is a famous brand with an amazing reputation.
Training and support: Card My Yard provides widespread training and assistance to its franchisees. This lets you get your enterprise up and walking speedily and effortlessly.
Business model: The Card My Yard commercial enterprise version is simple and clean to recognize. This makes it a terrific alternative for those who are new to franchising or commercial enterprise ownership.
Potential for boom: The backyard signal industry is developing.
High initial investment: The initial funding for a franchise in Card My Yard is among $9,800 and $18,000. This may be a barrier to entry for some people.
Competition: There are a number of different backyard sign businesses within the market; you will want to find a manner to distinguish your business.
Seasonality: The call for backyards is normally highest at some point of the spring and summer months. This way you’ll be wanting to ensure you’ve got enough monetary flow to cover your charges during the slower months.
Economic downturn: During economic downturns, people generally tend to spend much less cash on discretionary gadgets, this might affect income.
The general investment to begin a franchise in Card My Yard levels from $9,800 to $18,000.
Franchisees pay a 6% royalty price on gross sales.
Franchisees contribute 2% of gross income to a cooperative advertising fund.
The franchise settlement is for 10 years with five-year renewal alternatives.
Franchisees obtain preliminary training at the Card My Yard headquarters in Austin, Texas. They additionally obtain ongoing training and assistance through the company’s online mastering portal.
Card My Yard is a backyard greeting service that delivers custom yard signs to rejoice special occasions. The agency was started in 2014 by Amy Arnold and Jessica Stanley, and it is situated in Austin, Texas. Card My Yard has over 450 franchise locations in the United States and Canada.
Facts That Nobody Told You About Card My Yard
The enterprise’s call is a play on the word “card my yard.”
Card My Yard became featured on the television show “Shark Tank” in 2016.
The employer’s most popular backyard signs are for birthdays, graduations, and vacations.
Card My Yard has a crew of over 100 designers who create the agency’s backyards.
Card My Yard is committed to giving back to the community. The employer donates a part of its proceeds to neighborhood charities.
The below table will highlight the Card My Yard’s franchise success and failure rate for the last 3 years. This will supplement your decision-making process.
Competition Analysis of Card My Yard
Card My Yard Franchise
Cost to Franchise
Royalty + Ad fees
Recoup of Capital
Card My Yard
$7,750 – $16,800
$30,000 – $60,000
Yard Signs USA Franchise
$30,000 – $60,000
Yard Signs Depot
$30,000 – $60,000
Yard Sign Guy
$30,000 – $60,000
Yard Sign express
$30,000 – $60,000
Yard Sign Pros
$30,000 – $60,000
Conclusion : Should You buy a Card My Yard franchise for sale?
Deciding to invest in a Card My Yard franchise depends on your individual circumstances and goals. Consider the initial investment, estimated around $9,800 to $18,000, and ensure you have funds to cover operating costs until revenue is generated. No prior experience in the yard sign rental industry is required, but business or customer service experience can be beneficial. Find an eligible location on the company’s website to set up your franchise.
Running a Card My Yard franchise demands significant time and effort, so be prepared to work hard to build your business. Research and seek advice from other franchisees to determine if it’s the right opportunity for you. Despite positive reviews and rankings, it’s essential to thoroughly understand the risks before making a decision.
Frequently Asked Questions (FAQs)
Is the Card My Yard franchise profitable?
Yes, you can surely make money owning a franchise of Card My Yard. However, it is vital to do your research and recognize the risks before you make investments.
Can you make money by owning a Card My Yard?
Franchises in Card My Yard may be profitable, but there may be no guarantee of success. The amount of money you can make as a franchise in Card My Yard will depend upon various things, along with your locality, the quantity of clients you serve, and your advertising efforts.
Is a Card My Yard a franchise?
Yes, Card My Yard is a franchise and has been franchising since 2015.
How much is a Card My Yard franchise?
The franchise fee of Card My Yard varies depending on the place. The initial investment varies from $7,750 to $16,800. This consists of the franchise fee, inventory, and marketing expenses.
How do Card My Yard franchises make money?
Card My Yard franchises make money by charging clients for yard signs. The fee of a backyard signal varies depending on the scale and the message. It also makes money via promoting additional services and products, together with balloons, banners, and backyard signs.