Does the Byrider Area Development Agreement specify the initial franchise fee in this section?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
lease provided for hereunder shall not apply to any liability under the Maryland Franchise Registration and Disclosure Law.
- Other Terms. All other terms of the Renewal Franchise Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, the parties have executed and delivered this Addendum on the dates noted below, to be effective as of the Effective Date of this Addendum.
BYRIDER FRANCHISING PARTNERS, LLC [FRANCHISEE] By_________________________________ By_________________________________ Michael J. Onda, CEO [Name], [Title] Date: Date: [CO-FRANCHISEE] By_________________________________ [Name], [Title] Date: _______________________________
EXHIBIT K
TO
FRANCHISE DISCLOSURE DOCUMENT
VETERAN DISCOUNT ADDENDUM
TO FRANCHISE AGREEMENT
| This VETERAN DISCOUNT ADDENDUM (this "Addendum") dated as of | ||
|---|---|---|
| (the "Effective Date") amends and supplements certain terms and conditions of | ||
| the Franchise Agreement dated | (the "Franchise Agreement") entered into | |
| between BYRIDER FRANCHISING PARTNERS, LLC (the "Company") and | (the "Franchisee"). In the event of any conflict between the terms of the | |
| Agreement and the terms of this Addendum, the terms of this Addendum shall control. | All | |
| capitalized terms not otherwise defined in this Addendum shall have their respective meanings set | ||
| forth in the Agreement. | ||
| WHEREAS, Franchisee (or if a legal entity, Franchisee's owner(s)) [is/are] a veteran of | ||
| the United States Armed Forces; and | WHEREAS, the Company has agreed to charge Franchisee a reduced initial franchise fee | |
| on the terms and conditions set forth herein. | ||
| NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of | ||
| which is hereby acknowledged, the Company and Franchisee hereby agree as follows: | ||
| 1. | Initial Franchise Fee. The Company and Franchisee agree and acknowledge that | |
| the Initial Franchise Fee provided in Section 3.8 of the Franchise Agreement shall be $50,000. | ||
| 2. | Other Terms. All other terms of the Franchise Agreement shall remain in full force | |
| and effect. | ||
| IN WITNESS WHEREOF, the parties have executed and delivered this Addendum on | ||
| the dates noted below, to be effective as of the Effective Date of this Addendum. | ||
| BYRIDER FRANCHISING PARTNERS, LLC | [FRANCHISEE] | |
| By | By | |
| Michael J. Onda, CEO | [Name], [Title] | |
| Date: | Date: | |
EXHIBIT L
TO
FRANCHISE DISCLOSURE DOCUMENT
ADDITIONAL DISCLOSURE FOR THE FRANCHISE DISCLOSURE DOCUMENT OF BYRIDER FRANCHISING PARTNERS, LLC
The following are additional disclosures for the Franchise Disclosure Document of Byrider Franchising Partners, LLC required by various state franchise laws. Each provision of these additional disclosures will only apply to you if the applicable state franchise registration and disclosure law applies to you.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider FDD, the Area Development Agreement does specify the initial franchise fee. When signing an Area Development Agreement, the franchisee must pay Byrider $112,500 or $120,000, depending on the agreement. This amount includes the initial franchise fee of $60,000 for the first franchise and a development fee of either $17,500 or $20,000 for each of the 2nd through 4th franchises.
The development fee is then applied toward the initial franchise fee for each of the 2nd through 4th franchises. The remaining balance of either $17,500 or $20,000 for each of these franchises is due upon the franchisee's execution of the franchise agreement for that particular franchise. All fees paid under the Area Development Agreement are nonrefundable.
It's important to note that Byrider also offers a Veteran Discount Addendum, which, if applicable, reduces the initial franchise fee to $50,000. This addendum amends the initial franchise fee outlined in Section 3.8 of the Franchise Agreement. The initial protected territory for each franchise opened under the Area Development Agreement will be specified in the agreement.