What is the average down payment for Byrider stores in the second quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- of Company-Owned Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 2 Stores | Average | Exceed Avg. | Median | Second Quartile = 2 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| 26 | 36 | ||||||
| Vehicle Purchase Price 26 | $5,872 | 50.00% | $5,872 | Vehicle Purchase Price 26 | $5,958 | 50.00% | $5,958 |
| Reconditioning Expense 27 | $2,978 | 50.00% | $2,978 | Reconditioning Expense 27 | $2,963 | 50.00% | $2,963 |
| Down Payment (cash/trade/deferred) 28 | $3,840 | 50.00% | $3,840 | Down Payment (cash/trade/deferred) 28 | $3,316 | 50.00% | $3,316 |
| Gross Mark-Up 29 | $7,581 | 50.00% | $7,581 | Gross Mark-Up 29 | $7,570 | 50.00% | $7,570 |
| Installment Contract Amount Financed 32 | $14,608 | 50.00% | $14,608 | Installment Contract Amount Financed 32 | $14,562 | 50.00% | $14,562 |
| Interest Rate 33 | 22.12% | 50.00% | 22.12% | Interest Rate 33 | 22.44% | 50.00% | 22.44% |
| Monthly Payment Equivalent Amount 34 | $489 | 50.00% | $489 | Monthly Payment Equivalent Amount 34 | $481 | 50.00% | $481 |
| Discount Rate 30 | 30.00% | 100.00% | 30.00% | D |
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the average down payment for stores in the second quartile varies depending on the number of stores included in the quartile. For a quartile consisting of 2 stores, the average down payment is $3,316. When the second quartile consists of 23 stores, the average down payment is $2,439. For a second quartile of 25 stores, the average down payment is $2,552.
These figures represent the average down payment (cash, trade, or deferred) received by Byrider stores in the second quartile, which is the group performing slightly above the lowest 25% of stores. A prospective franchisee can use this information to estimate the typical down payments they might expect to receive from customers. This can help in forecasting cash flow and managing financial expectations.
It's important to note that these are averages, and individual store performance can vary. Factors such as location, local economic conditions, and the franchisee's management skills can influence actual down payment amounts. The FDD also indicates the percentage of stores exceeding the average, providing further insight into the distribution of performance within each quartile.
Prospective franchisees should consider these figures as benchmarks and conduct their own due diligence to determine realistic expectations for their specific market and circumstances. Reviewing the median values alongside the averages can also provide a more balanced understanding, as the median is less susceptible to distortion by outliers.