What is the fee for a six-month development schedule extension from Byrider?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Fee of $17,500.00 for each of the 2nd-4th franchises. The Development Fee of $17,500.00 for each franchise shall be applied toward the Initial Franchise Fee for each of the 2nd-4th franchises, respectively, developed under the terms of this Area Development Agreement. The remaining $17,500.00 due for each of the 2nd-4th franchises shall be paid upon Franchisee's execution of the franchise agreement for the particular franchis
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, a franchisee may request a six-month extension to their development schedule if they are unable to meet the original timeline. Byrider may grant this extension, but will charge a fee. The fee for this extension is $5,000.
This $5,000 fee is paid in a lump sum when the franchisee submits their extension request. It is important to note that this fee is nonrefundable, regardless of whether the extension is ultimately used or if the Area Development Agreement is terminated.
This policy provides some flexibility for Byrider franchisees who may encounter unforeseen delays in their development plans. However, franchisees should carefully consider their development timeline and potential challenges before committing to the Area Development Agreement, as the extension fee represents a significant, nonrefundable expense.