What does Byrider define as 'Vehicle Purchase Price'?

According to Byrider's 2025 Franchise Disclosure Document, the Vehicle Purchase Price is defined as the average acquisition price per vehicle placed in inventory. This definition is important for prospective franchisees as it provides clarity on how Byrider calculates this key financial metric. Understanding this definition allows franchisees to accurately interpret the financial performance representations provided in Item 19 of the FDD.

Specifically, the FDD includes data on Vehicle Purchase Price for different quartiles of stores. For example, the average Vehicle Purchase Price for the First Quartile is $6,746, while for the Fourth Quartile, it is $6,139. These figures represent the average cost Byrider franchisees in those quartiles are paying to acquire vehicles for their inventory. This information is crucial for franchisees to understand their potential cost of goods sold and overall profitability.

Byrider also provides additional notes defining other financial terms used in Item 19, such as Reconditioning Expense, Down Payment, and Gross Mark Up. These definitions, along with the Vehicle Purchase Price definition, help franchisees gain a comprehensive understanding of the financial metrics used to evaluate Byrider franchise performance. Prospective franchisees should carefully review these definitions and the related financial data to assess the potential financial performance of a Byrider franchise.