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

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, the document does not include all the financial statements typically required by the Federal Trade Commission Franchise Rule. This means prospective franchisees have less historical financial data to review compared to more established franchisors.

An opening balance sheet provides a snapshot of a company's assets, liabilities, and equity at the beginning of its operations. Since Byrider Franchising Partners acquired substantially all of the assets of Byrider Franchising, LLC on September 5, 2024, this opening balance sheet is particularly important. It reflects the financial position of the new entity immediately after this acquisition.

Given the limited operating history and the absence of full financial statements, it is crucial for potential Byrider franchisees to conduct thorough due diligence. This includes carefully reviewing the opening balance sheet, seeking professional financial advice, and asking Byrider for additional financial information or projections to assess the financial viability of the franchise opportunity.