What is the fee for 'Notice of Incompleteness' letters charged by Byrider?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
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| Name of Fee 1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Byrider Franchising Partners Proprietary | Credit/Debit card: $0.27 - $0.38 per transaction | Upon billing | See Note 6 below. |
| Computer | Moneygram: $1.00 per transaction | Upon billing | |
| Software Fees | |||
| Notice of Incompleteness: $1.00 to $1.35 per consumer letter | Monthly | ||
| Notice of Adverse | Monthly | ||
| Action, Notice of | |||
| Risk Based Pricing, | |||
| and Collection | |||
| Letters: $1.00 to | |||
| $1.35 per notice or | |||
| letter | |||
| Google Gemini: | Annually | ||
| $260.64 per license, | |||
| 2 licenses per | |||
| location | |||
| Google Access and | Annually | ||
| Services: 129.36 | |||
| per active user | |||
| Remote VPN | Annually | ||
| Software: $350 per | |||
| location each user | |||
| Interest | As accrues at 10% | When past- | All Royalty Fees, Advertising Fees, and other amounts you owe to Byrider Franchising Partners bear interest after the date these Fees are due. |
| due fees exist | |||
| Annual Meeting Expenses | Pro rata share of actual cost of event, which typically range between $599 and $1,499 for each meeting | Upon billing by Byrider Franchising Partners | Reimbursement for expense of me |
Source: Item 6 — Other Fees (FDD pages 21–32)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, franchisees are charged a fee for 'Notice of Incompleteness' letters. This fee ranges from $1.00 to $1.35 per consumer letter. This fee is due monthly.
This means that each month, Byrider franchisees will be billed for any 'Notice of Incompleteness' letters sent to consumers. The exact amount will depend on the number of letters sent and the specific fee charged per letter, which falls within the stated range.
Franchisees should factor this monthly fee into their operating expenses. It is important to understand the circumstances that trigger these notices and to implement processes to minimize the need for them, thereby controlling costs. Byrider also charges fees for other notices and services, so franchisees should carefully review all potential fees outlined in the FDD.