What was the average interest rate for Byrider stores in the fourth quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| Third Quartile = 25 Stores | Average | Exceed Avg. | Median | Fourth Quartile = 25 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Interest Rate 33 | 21.34% | 40.00% | 21.00% | Interest Rate 33 | 21.10% | 36.00% | 21.00% |
| Third Quartile = 23 Stores | Average | Exceed Avg. | Median | Fourth Quartile = 23 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Interest Rate 33 | 21.24% | 39.13% | 21.00% | Interest Rate 33 | 21.11% | 34.78% | 21.00% |
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 interest rate for stores in the fourth quartile is detailed in Item 19, which presents financial performance representations. Based on data from 25 stores, the average interest rate in the fourth quartile was 21.10%. In another set of data from 23 stores, the average interest rate in the fourth quartile was 21.11%.
This information is valuable for potential Byrider franchisees as it provides insight into the interest rates that existing stores are charging. Understanding the average interest rate can help franchisees forecast potential revenue and assess the competitiveness of their offerings in the market. It's important to note that these figures are averages and individual store performance may vary.
Prospective franchisees should consider these interest rates in conjunction with other financial metrics provided in Item 19, such as vehicle purchase price, reconditioning expenses, and down payments, to develop a comprehensive understanding of the financial dynamics of a Byrider franchise. Additionally, it would be prudent to inquire with Byrider about the factors that influence interest rates and how they might vary based on location, market conditions, and customer demographics.