What expenses are encompassed within 'Operating Expenses' for a Byrider franchise?

According to Byrider's 2025 Franchise Disclosure Document, 'Operating Expenses' for a Byrider franchise encompass a wide array of costs associated with running a used vehicle sales and finance operation. These expenses include both on-site and off-site costs, providing a comprehensive view of what it takes to manage a Byrider business.

Specifically, the expenses listed under 'Operating Expenses' include salaries, commissions, collection expenses, personnel costs, utilities, telephone, facilities costs, policy costs, repair expenses, advertising costs, royalties, and advertising fund contributions. The inclusion of salaries and commissions indicates the costs associated with compensating employees involved in sales and collections. Collection expenses highlight the costs of recovering payments from customers, while personnel costs cover broader employee-related expenses.

Utilities, telephone, and facilities costs reflect the expenses of maintaining the physical location of the Byrider franchise. Policy and repair expenses likely refer to insurance and maintenance costs for vehicles and the business premises. Advertising costs and contributions to the advertising fund are related to marketing and promoting the Byrider brand. Finally, royalties represent the ongoing fees paid to Byrider for the use of its brand and systems. The FDD notes that 'Operating Expenses' also includes 'others', suggesting that the list is not exhaustive and there may be additional, unspecified expenses.