Does the Byrider franchise agreement include any representations regarding the anticipated income, earnings, and growth of the company or system?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.4 No Representations Regarding Profits of the Company or System. No representation or statement has been made by the Company or by its officers, directors, shareholders, employees or agents and relied upon by Franchisee regarding the anticipated income, earnings and growth of the Company or of the System, or the viability of the business opportunity being offered hereunder.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, Byrider does not make any representations or statements regarding the anticipated income, earnings, or growth of the company or system. The franchise agreement explicitly states that franchisees cannot rely on any representations made by Byrider or its agents regarding the future financial performance of the company or the Byrider system. The only exception to this rule is the information provided in Item 19 of the Franchise Disclosure Document, which may contain limited financial performance representations.
This disclaimer is a common practice in franchising. It emphasizes that the success of a Byrider franchise depends largely on the franchisee's own business skills, efforts, and other factors outside of Byrider's control. This acknowledgement is part of the agreement to induce Byrider to enter into the franchise agreement.
Prospective franchisees should carefully review Item 19 of the FDD, if available, to understand any financial performance representations Byrider chooses to make. However, they should also conduct their own independent investigation and due diligence, including consulting with existing franchisees and financial advisors, to assess the potential profitability of a Byrider franchise in their specific market.