Does the Byrider franchise agreement provide franchisees the opportunity to contact existing franchisees?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
To induce the Company to enter into this Agreement the Franchisee acknowledges, warrants and represents as follows.
- 2.1 Independent Investigation. The Franchisee has had the opportunity to conduct an independent investigation of the business opportunity offered hereunder and the terms and provisions of this Agreement.
The Franchisee recognizes that the nature of the business described herein may evolve and change over time, that an investment in the franchise involves business risks and that the success of the venture depends primarily upon the Franchisee's business ability and efforts and other factors which are beyond the Company's control and which have nothing to do with the System or the Company's performance of its obligations under this Agreement.
2.2 Existing Franchisees. Prior to the execution of this Agreement, the Franchisee had the opportunity to contact all existing franchisees of the Company.
2.3 No Representations Regarding Profits of the Franchise. No representations have been made by the Company or by its officers, directors, shareholders, employees or agents, and relied upon by the Franchisee as to future or past income, expenses, sales volume or potential profitability, earnings or income of the business franchised hereby, or any other franchisee, other than information provided in Item 19 of the Company's Franchise Disclosure Document.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, prospective franchisees have the opportunity to contact existing Byrider franchisees before signing the franchise agreement. Specifically, the franchisee acknowledges that they have had the chance to conduct an independent investigation of the Byrider business opportunity and the terms of the franchise agreement.
This independent investigation includes the opportunity to contact all existing Byrider franchisees. This provides a valuable avenue for prospective franchisees to gather firsthand information about the Byrider franchise system. They can inquire about the experiences of current franchisees, including the challenges and rewards of operating a Byrider franchise.
Byrider does not make any representations regarding profits of the franchise, other than what is provided in Item 19 of the Franchise Disclosure Document. This reinforces the importance of conducting thorough due diligence and not relying solely on representations made by Byrider or its representatives. The success of the venture depends primarily on the franchisee's business ability and efforts, as well as other factors beyond Byrider's control.