What was the average total gross profit for Byrider stores in the first quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| First Quartile = 2 Stores | First Quartile Average | % Met or Exceed Avg | First Quartile Median | Second Quartile = 2 Stores | Second Quartile Average | % Met or Exceed Avg | Second Quartile Median | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual Vehicle Sales6 | 409 | 409 | Annual Vehicle Sales6 | 341 | 341 | ||||||
| Sales Revenue2,11 | 7,444,965 | 69.34% | 50.00% | 7,444,965 | 74.89% | Sales Revenue2,11 | 5,810,301 | 70.07% | 50.00% | 5,810,301 | 70.07% |
| Finance Revenue3,11 | 3,292,561 | 30.66% | 50.00% | 3,292,561 | 26.29% | Finance Revenue3,11 | 2,482,362 | 29.93% | 50.00% | 2,482,362 | 29.93% |
| Total Revenue4,11 | 10,737,526 | 100.00% | 50.00% | 10,737,526 | 101.19% | Total Revenue4,11 | 8,292,663 100.00% | 50.00% | 8,292,663 100.00% | ||
| Cost of Goods Sold5 | 6,592,851 | 61.40% | 50.00% | 6,592,851 | 67.84% | Cost of Goods Sold5 | 5,144,648 | 62.04% | 50.00% | 5,144,648 | 62.04% |
| Total Gross Profit7 | 4,144,675 | 38.60% | 50.00% | 4,144,675 | 32.07% | Total Gross Profit7 | 3,148,015 | 37.96% | 50.00% | 3,148,015 | 37.96% |
| Total Operating Expense8 | 2,298,579 | 21.41% | 50.00% | 2,298,579 | 18.07% | Total Operating Expense8 | 2,091,649 | 25.22% | 50.00% | 2,091,649 | 25.22% |
| *Net Income from Operations (before taxes)9 | 1,846,096 | 17.19% | 50.00% | 1,846,096 | 14.39% | *Net Income from Operations (before taxes)9 | 1,056,366 | 12.74% | 50.00% | 1,056,366 | 12.74% |
| Net Income per Vehicle Sold 10 | 4,511 | 4,511 | Net Income per Vehicle Sold 10 | 3,102 | 3,102 |
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Table A-1 provides financial performance representations for franchisee-owned stores. For the first quartile, which represents the lowest performing stores, the average total gross profit was $4,144,675. This figure represents the average gross profit for the two stores in the first quartile.
Gross profit is a critical metric for assessing the profitability of a Byrider franchise. It represents the revenue remaining after deducting the cost of goods sold, which primarily includes the cost of acquiring and reconditioning vehicles. A higher gross profit margin indicates that Byrider is efficiently managing its costs related to vehicle inventory and preparation.
It is important to note that this is an average, and individual Byrider stores' performance may vary. The FDD also provides the median gross profit for the first quartile, which is the same as the average in this case, suggesting that the two stores in this quartile had similar gross profits. Prospective franchisees should carefully review the entire Item 19 and consider these figures in conjunction with other financial metrics and operational factors to gain a comprehensive understanding of the potential financial performance of a Byrider franchise.