Does Byrider Franchising Partners reserve the right to change the number of annual meetings?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
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- Annual Meetings. Byrider Franchising Partners holds one to three annual meetings at which you must be represented. Byrider Franchising Partners notifies you of the dates and locations of these meetings, and you are responsible for your own transportation and traveling expenses and your pro rata share of the meeting expenses that are associated with attending these meetings, which typically ranges between $599 and $1,499 for each meeting. Byrider Franchising Partners reserves the right to increase or decrease the number of meeting
Source: Item 11 — (FDD pages 42–50)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Byrider Franchising Partners reserves the right to change the number of annual meetings franchisees are required to attend. The FDD states that Byrider holds one to three annual meetings, at which franchisee representation is mandatory.
The dates and locations of these meetings are determined by Byrider Franchising Partners, and franchisees are responsible for their own transportation and travel expenses. Franchisees must also cover their pro rata share of the meeting expenses, which typically range from $599 to $1,499 per meeting.
This clause in the franchise agreement gives Byrider flexibility in determining the appropriate number of meetings. While franchisees must be represented at these meetings, the potential cost for attending each meeting should be considered. Franchisees should factor in the possibility of multiple meetings per year when assessing potential operating costs.