factual

As of what date is the opening balance sheet for Byrider Franchising Partners?

Byrider Franchise · 2025 FDD

Answer from 2025 FDD Document

Exhibit A contains an unaudited opening balance sheet of Byrider Franchising Partners as of September 5, 2024. Byrider Franchising Partners has not been in business for three years or more and cannot include all the financial statements required by the Federal Trade Commission Franchise Rule.

Source: Item 21 — Financial Statements (FDD page 87)

What This Means (2025 FDD)

According to Byrider's 2025 Franchise Disclosure Document, the unaudited opening balance sheet for Byrider Franchising Partners is as of September 5, 2024. The FDD notes that because Byrider Franchising Partners has not been in business for three years or more, it cannot include all the financial statements typically required by the Federal Trade Commission Franchise Rule.

This means that prospective franchisees reviewing Byrider's financial health will need to rely on a relatively new balance sheet. The limited operating history may make it more difficult to assess the long-term financial stability and performance of the franchise system compared to more established franchises with longer track records.

Potential franchisees should carefully review the opening balance sheet and consider seeking professional financial advice to fully understand the implications of the limited financial data available. They may also want to ask Byrider for additional financial information or projections to supplement the opening balance sheet.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.