Where can I find the opening balance sheet for Byrider Franchising Partners?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit A contains an unaudited opening balance sheet of Byrider Franchising Partners as of September 5, 2024. Byrider Franchising Partners has not been in business for three years or more and cannot include all the financial statements required by the Federal Trade Commission Franchise Rule.
Source: Item 21 — Financial Statements (FDD page 87)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the unaudited opening balance sheet of Byrider Franchising Partners as of September 5, 2024, can be found in Exhibit A. The document notes that because Byrider Franchising Partners has not been in business for three years or more, it cannot include all the financial statements typically required by the Federal Trade Commission Franchise Rule.
For a prospective franchisee, this means that while an opening balance sheet is available, the limited operating history of Byrider Franchising Partners means that the full set of financial statements you might expect from an established franchisor may not be present. This is a common situation for newer franchise systems.
It is important for potential franchisees to carefully review the opening balance sheet and understand the financial position of Byrider Franchising Partners. Given the limited financial history, a franchisee should consider requesting additional financial information or clarification from Byrider to gain a more complete understanding of the company's financial stability and future prospects. Consulting with a financial advisor is also recommended to assess the financial health of the franchisor.