What is the average net income per vehicle sold for Byrider franchises in the second quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| First Quartile = 23 Stores | First Quartile Average | % Met or Exceed Avg | First Quartile Median | Second Quartile = 23 Stores | Second Quartile Average | % Met or Exceed Avg | Second Quartile Median | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual Vehicle Sales6 | 384 | 377 | Annual Vehicle Sales6 | 317 | 298 | ||||||
| Sales Revenue2,11 | 6,692,813 | 72.46% | 47.83% | 6,648,663 | 74.89% | Sales Revenue2,11 | 5,314,054 | 74.12% | 52.17% | 5,365,961 | 77.16% |
| Finance Revenue3,11 | 2,543,236 | 27.54% | 43.48% | 2,376,279 | 26.29% | Finance Revenue3,11 | 1,855,939 | 25.88% | 52.17% | 1,896,893 | 27.28% |
| Total Revenue4,11 | 9,236,049 | 100.00% | 39.13% | 9,030,162 | 101.19% | Total Revenue4,11 | 7,169,993 100.00% | 47.83% | 6,954,666 100.00% | ||
| Cost of Goods Sold5 | 5,989,012 | 64.84% | 43.48% | 5,955,899 | 67.84% | Cost of Goods Sold5 | 4,740,120 | 66.11% | 69.57% | 4,752,350 | 68.33% |
| Total Gross Profit7 | 3,247,037 | 35.16% | 34.78% | 3,081,579 | 32.07% | Total Gross Profit7 | 2,429,874 | 33.89% | 39.13% | 2,352,981 | 33.83% |
| Total Operating Expense8 | 2,055,025 | 22.25% | 43.48% | 1,929,600 | 18.07% | Total Operating Expense8 | 1,878,383 | 26.20% | 39.13% | 1,782,494 | 25.63% |
| *Net Income from Operations (before taxes)9 | 1,192,012 | 12.91% | 43.48% | 1,101,989 | 14.39% | *Net Income from Operations (before taxes)9 | 551,490 | 7.69% | 56.52% | 575,209 | 8.27% |
| Net Income per Vehicle Sold 10 | 3,101 | 2,927 | Net Income per Vehicle Sold 10 | 1,740 | 1,930 |
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 net income per vehicle sold for franchises in the second quartile is $1,740. This is based on data from 23 stores in the second quartile. The median net income per vehicle sold in the second quartile is $1,930.
This financial performance representation provides prospective Byrider franchisees with insight into the potential profitability of stores in the second quartile. Net income per vehicle sold is a key metric for assessing the efficiency and profitability of a Byrider franchise. The average of $1,740 suggests that, on average, a store in the second quartile earns this amount in net income for each vehicle it sells.
It's important to note that these figures are averages and medians, and individual franchise performance may vary. Factors such as location, management skills, local market conditions, and operating expenses can impact a franchise's actual net income per vehicle sold. The FDD also indicates that these figures do not include revenue or expenses from related warranty reinsurance and real estate holding companies.
Prospective franchisees should carefully consider these figures in conjunction with other information in the FDD and their own due diligence. It is advisable to speak with existing Byrider franchisees, particularly those in the second quartile, to gain a better understanding of their experiences and financial performance. Additionally, potential franchisees should develop a detailed business plan and financial projections to assess the viability of a Byrider franchise in their specific market.