As of December 31, 2023, how many Byrider businesses were independently owned and operated by franchisees?
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 Byrider's 2025 Franchise Disclosure Document, as of December 31, 2023, there were a total of 128 Byrider businesses independently owned and operated by franchisees. However, the FDD notes a subsequent change in ownership for some of these locations. Specifically, 15 of these 128 businesses were operated by franchisees that later became affiliates of Byrider Franchising Partners as of September 2024, and are referred to as "Company-Owned Stores."
The FDD further clarifies that 92 of the remaining 113 franchisee-owned stores operated during all of 2022 and 2023, and are referred to as the "Franchisee Complete Set." Additionally, 8 of the 15 company-owned stores also operated during the entirety of 2022 and 2023, and are referred to as the "Company-Owned Complete Set."
This distinction is important for prospective franchisees because the financial performance representations in Item 19 are based on data from these specific subsets of stores (Franchisee Complete Set and Company-Owned Complete Set). The FDD uses this data to provide insights into potential financial performance, but it's crucial to understand which stores are included in each set to accurately interpret the data. The FDD also states that the source of the data used in the financial information is the franchise system's accounting software, which was assigned from Byrider Franchising to Byrider Franchising Partners in September 2024.