What was the average total gross profit for Byrider stores in the second quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
4+ Months as of 12/31/2023**
STORE RESULTS BROKEN DOWN INTO QUARTILES
| 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 |
| Average | First Quartile | % Met or | First Quartile Median | Second Quartile Average | % Met or | Second Quartile Median | ||
|---|---|---|---|---|---|---|---|---|
| 384 | 377 | 317 | 298 | |||||
| 3,101 | 2,927 | Net Income per Vehicle Sold 10 | 1,740 | 1,930 |
| Third Quartile = 23 Stores | Third Quartile Average | % Met or Exceed Avg | Third Quartile Median | Fourth Quartile = 23 Stores | Fourth Quartile Average | % Met or Exceed Avg | Fourth Quartile Median | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual Vehicle Sales6 | 275 | 254 | Annual Vehicle Sales6 | 225 | 219 | ||||||
| Sales Revenue2,11 | 4,564,640 | 72.32% | 34.78% | 4,270,290 | 71.77% | Sales Revenue2,11 | 3,873,792 | 74.44% | 47.83% | 3,832,479 | 74.14% |
| Finance Revenue3,11 | 1,747,479 | 27.68% | 43.48% | 1,605,537 | 26.98% | Finance Revenue3,11 | 1,330,239 | 25.56% | 47.83% | 1,239,640 | 23.98% |
| Total Revenue4,11 | 6,312,119 | 100.00% | 34.78% | 5,949,808 | 100.00% | Total Revenue4,11 | 5,204,030 100.00% | 47.83% | 5,169,027 100.00% | ||
| Cost of Goods Sold5 | 4,053,081 | 64.21% | 39.13% | 3,842,016 | 64.57% | Cost of Goods Sold5 | 3,499,836 | 67.25% | 52.17% | 3,559,303 | 68.86% |
| Total Gross Profit7 | 2,259,038 | 35.79% | 34.78% | 2,019,243 | 33.94% | Total Gross Profit7 | 1,704,194 | 32.75% | 47.83% | 1,566,606 | 30.31% |
| Total Operating Expense8 | 2,009,058 | 31.83% | 34.78% | 1,790,371 | 30.09% | Total Operating Expense8 | 1,967,782 | 37.81% | 43.48% | 1,900,212 | 36.76% |
| *Net Income from Operations (before taxes)9 | 249,980 | 3.96% | 65.22% | 281,170 | 4.73% | *Net Income from Operations (before taxes)9 | -263,588 | -5.07% | 56.52% | -193,902 | -3.75% |
| Net Income per Vehicle Sold 10 | 909 | 1,109 | Net Income per Vehicle Sold 10 | -1,173 | -887 |
| Third Quartile Average | % Met or | Third Quartile Median | Fourth Quartile Average | % Met or | Fourth Quartile Median | ||
|---|---|---|---|---|---|---|---|
| 275 | 254 | 225 | 219 | ||||
| 909 | 1,109 | Net Income per Vehicle Sold 10 | -1,173 | -887 |
*Does not include revenue or expenses from related warranty reinsurance and real estate holding companies
TABLE A-3 Results of Byrider Company-Owned Stores in Complete Set
Based on 2 Years (period ending December 31 in 2022 and 2023) of Company-Owned Stores Open 24+ Months as of 12/31/2023
| 8 Franchise Locations | Average | Revenue | Exceed | Median | Revenue |
|---|---|---|---|---|---|
| Annual Vehicle Sales6 | 309 | 320 | |||
| Sales Revenue2,11 | 5,392,322 | 70.17% | 50.00% | 5,529,445 | 72.51% |
| Finance Revenue3,11 | 2,292,276 | 29.83% | 50.00% | 2,191,053 | 28.73% |
| Total Revenue |
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 total gross profit for stores in the second quartile varies depending on the number of stores included in the data set. For the group of 23 stores, the average total gross profit was $2,429,874. When considering a smaller group of 2 stores, the average total gross profit was $3,148,015. And for a group of 25 stores, the average total gross profit was $2,480,686.
These figures represent the average gross profit for Byrider stores that fall within the second quartile of performance, based on data from 2022 and 2023. Gross profit is a key indicator of a store's profitability, as it reflects the revenue remaining after deducting the cost of goods sold. A prospective franchisee can use these averages to benchmark their own store's performance and to understand the potential financial outcomes of operating a Byrider franchise.
It's important to note that these are averages, and individual store performance may vary. The FDD also provides the median gross profit for each quartile, which can offer a more representative figure, as it is less influenced by outliers. Additionally, the FDD specifies that the data is based on stores open for at least 24 months as of December 31, 2023. This suggests that newer stores may have different financial performance profiles.
Prospective franchisees should carefully review the complete Item 19 in the FDD and consider these figures in conjunction with other financial performance representations and disclosures. Understanding the factors that contribute to a store's placement in a particular quartile can help franchisees develop strategies to improve their own store's performance and maximize profitability.