When is the Development Fee payable to Byrider Franchising Partners by an Ultra Byrider franchisee?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
VELOPMENT AGREEMENT RIDER
| Expenditures | Estimated Amount or Estimated Low-High Range* (Traditional Franchisee) | Estimated Amount or Estimated Low-High Range* (Ultra Franchisee) | When Payable | Method of Payment | To Whom Paid |
|---|---|---|---|---|---|
| Development Fee (1) | $17,500- $87,500 | $20,000- $100,000 | Upon Execution of Area Development Agreement | Lump sum | Byri |
Source: Item 7 — Estimated Initial Investment (FDD pages 32–36)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, an Ultra Byrider franchisee must pay the development fee upon the execution of the Area Development Agreement. The development fee for an Ultra Byrider franchisee ranges from $20,000 to $100,000. This fee is paid as a lump sum to Byrider Franchising Partners.
The specific amount of the development fee depends on the number of franchises the franchisee commits to developing under the Area Development Agreement. The fee is calculated as $20,000 multiplied by the number of franchises the franchisee is obligated to acquire to satisfy their development schedule.
It's important to note that this development fee is fully earned by Byrider Franchising Partners upon receipt and is non-refundable. However, Byrider Franchising Partners will credit the fee in $20,000 increments against the initial franchise fees that become due as the franchisee executes Franchise Agreements with Byrider Franchising Partners.