By what day of each month must a Byrider licensee pay the Monthly Usage Fee?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
The Monthly Usage Fee shall be paid by the 15th of each month for the previous month's usage.
The Custom Support Fee shall be paid within thirty (30) days of invoicing.
The Monthly Usage Fee and Custom Support Fee are subject to an increase or decrease at the discretion of the Licensor.
An increase per fee shall not occur more than once per calendar year and is subject to at least ninety (90) days advance notice to the Licensee.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the Monthly Usage Fee must be paid by the 15th of each month. This payment covers the usage for the previous month.
It's important to note that this fee, along with the Custom Support Fee, is subject to change at the discretion of Byrider. However, Byrider can only increase a fee once per calendar year and must provide at least ninety days advance notice to the licensee before implementing any increase.
This payment schedule and the conditions around fee increases are important for prospective franchisees to consider when evaluating the ongoing costs of operating a Byrider franchise. Understanding these terms helps in accurately forecasting expenses and managing cash flow.