What is the fourth quartile average for Byrider's net income per vehicle sold?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
909 | | | 1,109 | | Net Income per Vehicle Sold 10 | -1,173 | | | -887 | |
| Third Quartile Average | % Met or | Third Quartile Median | Fourth Quartile Average | % Met or | Fourth Quartile Median | ||
|---|---|---|---|---|---|---|---|
| 275 | 254 | 225 | 219 | ||||
| 909 | 1,109 | Net Income per Vehicle Sold 10 | -1,173 | -887 |
*Does not include revenue or expenses from related warranty reinsurance and real estate holding companies
TABLE A-3 Results of Byrider Company-Owned Stores in Complete Set
Based on 2 Years (period ending December 31 in 2022 and 2023) of Company-Owned Stores Open 24+ Months as of 12/31/2023
| 8 Franchise Locations | Average | Revenue | Exceed | Median | Revenue |
|---|---|---|---|---|---|
| Annual Vehicle Sales6 | 309 | 320 | |||
| Sales Revenue2,11 | 5,392,322 | 70.17% | 50.00% | 5,529,445 | 72.51% |
| Finance Revenue3,11 | 2,292,276 | 29.83% | 50.00% | 2,191,053 | 28.73% |
| Total Revenue4,11 | 7,684,598 | 100.00% | 50.00% |
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the net income per vehicle sold for the fourth quartile average is shown in Item 19. There are two different fourth quartile averages provided in the document.
For the group of 25 stores in the fourth quartile, the average net income per vehicle sold is reported as -$1,105. This indicates that, on average, these stores in the lowest-performing quartile experienced a loss of $1,105 for each vehicle they sold.
For the group of 2 stores in the fourth quartile, the average net income per vehicle sold is $744. This indicates that, on average, these stores in the lowest-performing quartile experienced a profit of $744 for each vehicle they sold. Prospective franchisees should inquire about the factors that contribute to the differences in net income per vehicle sold between the two groups of stores in the fourth quartile.