What is the average installment contract amount financed for Byrider stores in the second quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
r 31 in 2022 and 2023) of Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 25 Stores | Average | Exceed Avg. | Median | Second Quartile = 25 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Vehicle Purchase Price 26 | $7,166 | 52.00% | $7,162 | Vehicle Purchase Price 26 | $6,579 | 48.00% | $6,72 |
| Reconditioning Expense 27 | $2,395 | 64.00% | $2,134 | Reconditioning Expense 27 | $2,214 | 48.00% | $2,287 |
| Down Payment (cash/trade/deferred) 28 | $2,597 | 36.00% | $2,332 | Down Payment (cash/trade/deferred) 28 | $2,552 | 48.00% | $2,457 |
| Gross Mark-Up 29 | $7,148 | 52.00% | $7,190 | Gross Mark-Up 29 | $6,942 | 56.00% | $7,092 |
| Installment Contract Amount Financed 32 | $15,484 | 52.00% | $15,661 | Installment Contract Amount Financed 32 | $14,388 | 56.00% | $14,621 |
| Interest Rate 33 | 20.80% | 44.00% | 20.35% | Interest Rate 33 | 21.45% | 48.00% | 21.23% |
| Monthly Payment Equivalent Amount 34 | $495 | 44.00% | $487 | Monthly Payment Equivalent Amount 34 | $480 | 40.00% | $476 |
| Discount Rate 30 | 29.28% | 6 |
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 installment contract amount financed for stores in the second quartile varies depending on the data set used. For the group of 25 stores in the second quartile, the average installment contract amount financed is $14,388. In this group, 56% of the stores exceeded this average. For the group of 23 stores in the second quartile, the average installment contract amount financed is $14,442, with 52.17% of stores exceeding that average. Finally, for the group of 2 stores in the second quartile, the average installment contract amount financed is $14,562, with 50% of stores exceeding that average.
These figures represent the average amount financed through installment contracts for Byrider customers at stores within the second quartile, which is a performance indicator grouping stores from lowest to highest. The installment contract amount financed reflects the total amount a customer owes on their vehicle purchase after accounting for down payments and including any applicable fees or charges. This metric is important for Byrider franchisees as it directly impacts revenue generation and portfolio management.
The FDD provides this data to give prospective franchisees an idea of the range of financial performance across existing Byrider locations. The variability in averages between the different store groupings highlights the impact that different data sets can have on financial performance representations. A prospective franchisee should consider these figures as estimates and understand that their individual store's performance may differ.
It is important to note that these figures are based on data from existing Byrider stores and may not be representative of future performance. Factors such as location, market conditions, and management capabilities can all impact a store's financial results. Prospective franchisees should conduct their own due diligence and consult with financial advisors to determine the potential profitability of a Byrider franchise.