What is the dependency regarding the upgrade, remodel, and refurbishment of the Business Location for a Byrider franchise assignment?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- (11) (a) Franchisee has corrected any existing deficiencies of the Business Location of which the Company has notified Franchisee on a punch list or in other communications, and/or (b) the Assignee agrees (if the Control Assignment is of this Agreement) to upgrade, remodel, and refurbish the Business Location in accordance with the Company's thencurrent requirements and specifications for Businesses within the time period the Company specifies following the effective date of the Control Assignment; provided the Company will advise the Assignee before the effective date of the Control Assignment of the specific actions that it must take and the time period within which such actions must be taken;
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, a franchisee's ability to assign their franchise agreement is contingent on several factors related to the business location. If deficiencies exist at the Business Location, they must be corrected. Alternatively, the assignee (the party taking over the franchise) may agree to upgrade, remodel, and refurbish the location.
If the assignee chooses to upgrade, remodel, and refurbish, they must do so according to Byrider's current requirements and specifications for businesses. Byrider will specify the actions needed and the timeframe for completion before the control assignment's effective date. This ensures that the location meets Byrider's standards under the new management.
This requirement ensures brand consistency and customer experience across all Byrider locations. A prospective franchisee should clarify with Byrider the specific upgrade, remodel, and refurbishment requirements, associated costs, and the timeline for completion to fully understand the financial and operational implications of a franchise assignment.