What is the average installment contract amount financed for Byrider stores in the third quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
181,257 | 48.00% | $184,794 | Average Monthly Operating Expenses 36 | $160,803 | 60.00% | $150,553 |
| Third Quartile = 25 Stores | Average | Exceed Avg. | Median | Fourth Quartile = 25 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Vehicle Purchase Price 26 | $6,832 | 52.00% | $6,672 | Vehicle Purchase Price 26 | $6,132 | 44.00% | $6,139 |
| Reconditioning Expense 27 | $2,385 | 52.00% | $2,381 | Reconditioning Expense 27 | $2,563 | 52.00% | $2,560 |
| Down Payment (cash/trade/deferred) 28 | $2,366 | 44.00% | $2,319 | Down Payment (cash/trade/deferred) 28 | $2,426 | 48.00% | $2,382 |
| Gross Mark-Up 29 | $6,929 | 44.00% | $6,915 | Gross Mark-Up 29 | $6,798 | 44.00% | $6,578 |
| Installment Contract Amount Financed 32 | $14,969 | 36.00% | $14,800 | Installment Contract Amount Financed 32 | $14,453 | 52.00% | $14,542 |
| Interest Rate 33 |
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 third quartile is detailed in Item 19. There are two different tables provided that show data for the third quartile. One table shows that for 25 stores in the third quartile, the average installment contract amount financed is $14,969. The other table shows that for 23 stores in the third quartile, the average installment contract amount financed is $14,878.
These figures represent the average amount financed per installment contract at Byrider locations falling within the third quartile of performance. For a prospective franchisee, this indicates the typical financing level extended to customers in a segment of stores performing at a moderate level. Understanding this average can help in projecting potential revenue streams and managing financial expectations.
It's important to note that these are averages, and individual store performance can vary. Factors such as location, market conditions, and management effectiveness can influence the actual amount financed. Additionally, the FDD specifies that the data is based on composites from December 31, 2022, and December 31, 2023, and is not independently audited. Franchisees should consider these factors and conduct their own due diligence to assess the potential financial performance of a Byrider franchise.