What do the high figures for furniture, fixtures and equipment, service center equipment, signage and awning and technology system represent for a Byrider franchise?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
000- $1,577,500 | | | | *The low figures for "Furniture, Fixtures and Equipment," "Service Center Equipment," "Signage and Awning" and "Technology System" represent the first three months' payment for leasing. The high figures represent the full purchase price of these items at the high range estimated investment. The decision whether to lease, mortgage or to purchase these requirements is a business decision you must make depending on your financial resources and financing arrangements you make. Whether you receive adequate financing depends upon, among other factors, your overall creditworthiness. Byrider Franchising Partners may assist and advise you on financing matters with third parties for leasing or purchasing initial items or otherwise, but Byrider Franchising Partners is not obligated to do so. As noted in Item 5, the initial franchise fee is refundable if Byrider Franchising Partners receives written notice from you within 60 days from the date of the Franchise Agreement and you sign the form of general release required by Byrider Franchising Partners. All other amounts reflected in this Item 7 will not be refundable unless you are able to negotiate a refund with the particular supplier.
Explanatory Notes (The following numbered items correspond to the numbered items in the chart above.)
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- The initial franchise fee is refundable if Byrider Franchising Partners receives written notice from you within 60 days from the date of the Franchise Agreement and you sign the form of general release required by Byrider Franchising Partners. If you have already signed a Franchise Agreement, the initial franchise fee for each additional franchise that you acquire is $35,000 for Traditional Franchisees or $40,000 for Ultra Franchisees. If you are a veteran of the U.S. Armed Forces, your initial franchise fee will be reduced by $10,000 (see Item 5).
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- At your option, you may purchase a starter kit from our approved suppliers, which currently contains posters, menu boards, springboards, and other internal decorations.
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- The figures in the charts assume you will rent the space for your store and are based on our estimates of the cost of your rent for the premises.
Source: Item 7 — Estimated Initial Investment (FDD pages 32–36)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the high figures listed for furniture, fixtures and equipment, service center equipment, signage and awning, and technology systems represent the full purchase price of these items. The FDD indicates that franchisees have the option to either lease or purchase these items, and the decision depends on their financial resources and financing arrangements.
For furniture, fixtures, and equipment, the low figure assumes a lease of all office furniture and equipment. For service center equipment, which includes items like lifts, brake lathes, and tire balancers, the low figure also assumes leasing. The estimated cost for service center equipment ranges from $2,000 to $70,000. Similarly, for signage and awnings, the low figure is based on leasing these items, which must conform to Byrider's trademark requirements and local zoning laws. For technology systems, the low figures also assume a lease of equipment and systems, which include a multi-line phone system and a security system with a safe.
The decision to lease or purchase these items will significantly impact the initial investment required to start a Byrider franchise. Purchasing these items outright will require a larger upfront investment, while leasing will result in lower initial costs but ongoing monthly payments. Prospective franchisees should carefully consider their financial situation and consult with financial advisors to determine the most suitable option for their business. Byrider Franchising Partners may offer assistance and advice on financing matters, but they are not obligated to do so, and the availability of financing depends on factors such as creditworthiness and available collateral.