When is the initial franchise fee payable to Byrider?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- SINGLE BYRIDER BUSINESS
| Expenditures | Estimated Amount or Estimated Low-High Range* | When Payable | Method of Payment | To Whom Paid |
|---|---|---|---|---|
| Initial | $60,000 | Upon Execution of | Lump sum | Byrider |
| Franchise Fee | Franchise | Franchising | ||
| (1) |
Source: Item 7 — Estimated Initial Investment (FDD pages 32–36)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the initial franchise fee of $60,000 is payable upon the execution of the Franchise Agreement. This means that a prospective franchisee must pay the initial fee when they sign the agreement to become a Byrider franchisee.
It is important to note that this fee is generally non-refundable. However, the FDD states that 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.
Understanding when fees are due is crucial for budgeting and financial planning. The initial franchise fee is just one component of the total estimated initial investment, which ranges from $947,000 to $1,577,500. Therefore, prospective franchisees should carefully consider all costs and payment schedules before entering into a franchise agreement with Byrider.