What was the average total operating expense for Byrider stores in the third quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 Revenue4,11 | 7,684,598 | 100.00% | 50.00% | 7,625,909 | 100.00% | | Cost of Goods Sold5 | 4,784,802 | 62.26% | 50.00% | 4,919,318 | 64.51% | | Total Gross Profit7 | 2,899,795 | 37.74% | 50.00% | 2,720,436 | 35.67% | | Total Operating Expense8 | 1,957,137 | 25.47% | 62.50% | 2,045,688 | 26.83% | | *Net Income from Operations (before taxes)9 | 942,659 | 12.27% | 37.50% | 841,477 | 11.03% | | 10 | 3,049 | | | 2,628 | | | Net Income per Vehicle Sold | | | | | | | *does not include revenue or expenses from related warranty reinsurance and real estate holding companies | | | | | |
TABLE A-4
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
STORE RESULTS BROKEN DOWN INTO QUARTILES
| 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 V |
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 operating expense for stores in the third quartile varies depending on the number of stores included in that quartile.
For the third quartile consisting of 23 stores, the average total operating expense is $2,009,058, representing 31.83% of total revenue. In a third quartile consisting of 25 stores, the average total operating expense is $2,005,546, which is 30.83% of total revenue. For a third quartile comprised of only 2 stores, the average total operating expense is $1,665,580, representing 29.32% of total revenue.
Prospective franchisees should note that operating expenses can significantly impact profitability. These figures provide a benchmark, but individual store performance may vary based on location, management, and local market conditions. Reviewing the complete Item 19 and discussing these figures with existing franchisees is essential for a comprehensive understanding.