Why doesn't Byrider Franchising Partners include all the financial statements required by the Federal Trade Commission Franchise Rule?

According to Byrider's 2025 Franchise Disclosure Document, Byrider Franchising Partners does not include all the financial statements required by the Federal Trade Commission Franchise Rule because the company has not been in business for at least three years. The FDD includes an unaudited opening balance sheet as of September 5, 2024.

This is a common situation for newer franchise systems. The FTC requires a certain level of financial history to be disclosed, typically three years of audited financial statements. Since Byrider Franchising Partners is a relatively new entity, it does not yet have the required operating history to fulfill this requirement.

Prospective franchisees should be aware that the limited financial information available may make it more challenging to assess the financial stability and performance of Byrider Franchising Partners. It is advisable to conduct thorough due diligence, including seeking professional financial advice, before investing in a Byrider franchise. You may also want to request any additional financial information available and speak with existing franchisees to gain insights into the company's financial practices.