What is the 'Complete Set' of Byrider businesses comprised of?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
As of December 31, 2023, there were a total of 128 Byrider Businesses independently owned and operated by franchisees. However, 15 of those 128 Byrider Businesses were operated by franchisees that, as of September 2024, became affiliates of Byrider Franchising Partners ("Company-Owned Stores"). 92 of the remaining 113 Franchisee-Owned Stores operated during the entirety of 2022 and 2023 (referred to as the "Franchisee Complete Set"), and 8 of the 15 Company-Owned Stores also operated during the entirety of 2022 and 2023 (referred to as the "Company-Owned Complete Set, and together with the Franchisee Complete Set, the "Complete Set").
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to the 2025 FDD, the 'Complete Set' of Byrider businesses is a combination of Franchisee-Owned Stores and Company-Owned Stores that operated during the entirety of 2022 and 2023. This data is used to compile financial performance representations. As of December 31, 2023, there were 128 Byrider Businesses owned and operated by franchisees. However, 15 of those Byrider Businesses became affiliates of Byrider Franchising Partners as of September 2024, thus becoming Company-Owned Stores.
The Franchisee Complete Set includes 92 Franchisee-Owned Stores that operated during 2022 and 2023. The Company-Owned Complete Set includes 8 of the 15 Company-Owned Stores that also operated during the entirety of 2022 and 2023. Together, the Franchisee Complete Set and the Company-Owned Complete Set form the 'Complete Set'.
This distinction is important for prospective franchisees because the FDD provides financial performance data based on these sets. Understanding the composition of each set allows potential franchisees to better assess the financial performance representations and how they might apply to their own potential Byrider franchise. The FDD uses this data to create composite figures and averages for various financial metrics, providing a basis for potential franchisees to evaluate the brand's performance.