How is the deadline for the third Byrider franchise determined?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
If Byrider Franchising Partners, LLC offers you a franchise, it must provide this Disclosure Document to you 14 calendar days before you sign a binding agreement with, or make a payment to, Byrider Franchising Partners, LLC, or any affiliate in connection with the proposed franchise sale. Under Iowa law, we must give you this Disclosure Document at the earlier of our 1st personal meeting or 14 calendar days before you sign an agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale. Under Michigan law, we must give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first. Under New York law, we must provide this Disclosure Document at the earlier of the 1st personal meeting or 10 business days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
Based on the 2025 Byrider Franchise Disclosure Document, there is no information provided that specifies how the deadline for opening the third franchise is determined. The document does not include details on specific timelines or conditions related to opening multiple Byrider locations under an area development agreement.
However, the FDD does mention that Byrider Franchising Partners, LLC must provide the Franchise Disclosure Document to prospective franchisees 14 calendar days before they sign a binding agreement or make a payment. Different timelines are specified for Iowa, Michigan and New York.
To fully understand the timeline and requirements for opening multiple Byrider franchises, especially regarding the third franchise, a prospective franchisee should directly ask Byrider Franchising Partners, LLC for detailed information about their area development agreement, including specific milestones, deadlines, and any associated penalties for not meeting those deadlines.