FILING · MN · 2024 FDD · 1+ YEAR OLD
The Yard gym FDD (Franchise Disclosure Document) — 2024
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). The Yard gym's most recent FDD tracked here is the 2024 FDD · 1+ year old, filed with the Minnesota Department of Commerce (public CARDS portal). Registration-state filings are public records, so you can read it free, with no sign-up.
PUBLIC RECORD · FILED 2024 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $50,000 |
| ITEM 6 | Ongoing royalty | 7.0% of gross sales |
| ITEM 7 | Total initial investment | $399K–$954K |
| ITEM 3 | Disclosed litigation matters | 0 |
| ITEM 19 | Earnings disclosure (FPR) | None — no earnings claim published |
| ITEM 20 | Outlets (fiscal 2024) | 2 franchised at year end · 0 exits (exit rate 0.0%, fiscal 2024) |
| ITEM 21 | Franchisor financial statements | Unmodified (clean) opinion — Katz Cassidy (An Accountancy Corporation) |
Katz Cassidy (An Accountancy Corporation) gave an unmodified (clean) opinion on the statements in the 2024 FDD; it reported a net loss in FY2024.
Revenue · FY2024
$77K
extracted · not cross-checked
Net income · FY2024
−$240K
p. 273 · matched to statement
Where FY2024 revenue came from
Royalty share not extracted
initial-fee share not extracted
- Fiscal years covered: FY2024 (2024 FDD, statements from p. 273)
- Statements are for: TYG ENTERPRISES, LLC
- Parent / owner: not identified in the statements
| Fiscal year | FY2024 |
|---|---|
| Total revenue | $77Kextracted · not cross-checked |
| Net income (loss) | −$240Kp. 273 · matched to statement |
| Cash at year end | $319Kp. 272 |
How to read this: royalties recur as long as franchisees trade; initial and development fees arrive only when new franchises are sold. A franchisor whose revenue leans on initial fees is funding itself by selling territories, and that revenue stops when sales slow. Under ASC 606 most franchisors recognize initial fees over the agreement term, so the line understates the cash collected in a strong selling year. Ad-fund revenue, where reported, is included in total revenue as the statements present it.
Each figure links to its page in the filed PDF. “Matched to statement” means our extraction and a second, rule-based read of the statement page agree; “extracted · not cross-checked” means the statement page is a scanned image or could not be read as text. Figures we could not place on a consistent scale are withheld, not guessed. Spotted an error? Report a correction.
Every figure above was extracted by software from the 2024 The Yard gym FDD as filed (figures are not individually checked by a person) and links back to that document. Fields that could not be extracted are omitted; no figure here is estimated. Extraction errors are possible: the filing controls, and FDDs are reissued annually; verify against the current issuance before relying on any number. Spotted an error? Franchisors and owners can report it via the contact on our Terms page.
The Yard gym FDD questions, answered
Where can I download the The Yard gym FDD for free?
The Yard gym's 2024 Franchise Disclosure Document is a public record, filed with the Minnesota Department of Commerce (public CARDS portal). It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is The Yard gym's most recent FDD on file?
The most recent The Yard gym FDD tracked here is the 2024 FDD · 1+ year old, filed with the Minnesota Department of Commerce (public CARDS portal). Franchisors must update their FDD annually; confirm you are reading the current issuance before signing.
Does The Yard gym's FDD disclose earnings (Item 19)?
No — The Yard gym's 2024 FDD makes no financial performance representation in Item 19. That is legal and common, but it means the franchisor publishes no earnings claim.
What does The Yard gym's FDD Item 20 show?
In fiscal 2024, The Yard gym ended with 2 franchised outlets; 0 of 2 open at the start of the year left the system (exit rate 0.0%, fiscal 2024) through terminations, non-renewals, and "ceased operations — other reasons".
The The Yard gym validation checklist
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