What is the average vehicle purchase price for Byrider stores in the first quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
r 31 in 2022 and 2023) of Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 25 Stores | Average | Exceed Avg. | Median | Second Quartile = 25 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Vehicle Purchase Price 26 | $7,166 | 52.00% | $7,162 | Vehicle Purchase Price 26 | $6,579 | 48.00% | $6,72 |
| Reconditioning Expense 27 | $2,395 | 64.00% | $2,134 | Reconditioning Expense 27 | $2,214 | 48.00% | $2,287 |
| Down Payment (cash/trade/deferred) 28 | $2,597 | 36.00% | $2,332 | Down Payment (cash/trade/deferred) 28 | $2,552 | 48.00% | $2,457 |
| Gross Mark-Up 29 | $7,148 | 52.00% | $7,190 | Gross Mark-Up 29 | $6,942 | 56.00% | $7,092 |
| Installment Contract Amount Financed 32 | $15,484 | 52.00% | $15,661 | Installment Contract Amount Financed 32 | $14,388 | 56.00% | $14,621 |
| Interest Rate 33 | 20.80% | 44.00% | 20.35% | Interest Rate 33 | 21.45% | 48.00% | 21.23% |
| Monthly Payment Equivalent Amount 34 | $495 | 44.00% | $487 | Monthly Payment Equivalent Amount 34 | $480 | 40.00% | $476 |
| Discount Rate 30 | 29.28% | 64.00% | 30.00% | Discount Rate 30 | 29.58% | 76.00% | 30.00% |
| Average Trade Percentage 37 | 21.55% | 40.00% | 17.48% |
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 vehicle purchase price for stores in the first quartile varies depending on the number of stores included in the sample. For a sample of 25 stores, the average vehicle purchase price is $7,166. When the sample size is 23 stores, the average vehicle purchase price is $6,746. For a sample of only 2 stores, the average vehicle purchase price is $5,872.
These figures represent the average price at which Byrider franchisees in the bottom 25% of performers (first quartile) are selling their vehicles. A prospective franchisee can use this information to understand the potential revenue they might generate from vehicle sales in a lower-performing store.
It's important to note that these are averages, and individual store performance can vary. Factors such as location, market conditions, and management effectiveness can influence vehicle purchase prices. The FDD also provides the median vehicle purchase price, which may offer a more representative figure as it is less affected by outliers.
Prospective franchisees should carefully consider these financial performance representations, along with other factors, when evaluating the Byrider franchise opportunity. It is advisable to conduct thorough due diligence, including speaking with existing franchisees, to gain a comprehensive understanding of the potential risks and rewards.