How many franchised Byrider outlets were operating at the start of 2023?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Column 3 Outlets at the Start of the Year | Column 4 Outlets at the End of the Year | Net Change |
|---|---|---|---|---|
| Franchised | 2021 | 135 | 137 | +2 |
| 2022 | 137 | 125 | -12 | |
| 2023 | 125 | 113 | -12 | |
| Company- | 2021 | 9 | 9 | +0 |
| Owned | 2022 | 9 | 12 | +3 |
| 2023 | 12 | 15 | +3 | |
| Total Outlets | 2021 | 144 | 146 | +2 |
| 2022 | 146 | 137 | -9 | |
| 2023 | 137 | 128 | -9 |
Source: Item 20 — Outlets and Franchisee Information (FDD pages 81–87)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, there were 125 franchised outlets at the start of 2023. This number is part of a broader table that tracks the status of franchise outlets from 2021 to 2023. The table also shows that the number of franchised Byrider locations decreased by 12 during 2022, from 137 at the start of 2022 to 125 at the end of that year. This indicates a net reduction in franchised locations.
For a prospective franchisee, this data highlights a recent contraction in the number of franchised Byrider outlets. While the reasons for this decrease aren't explicitly stated, the FDD provides a list of franchisees who left the system, which could offer some insight. Understanding the factors that contributed to this decline is crucial for anyone considering investing in a Byrider franchise. It would be prudent to investigate why these locations closed or were terminated, and whether this trend is likely to continue.
It is important to note that while the number of franchised locations decreased, the number of company-owned outlets increased during the same period. Specifically, company-owned stores increased from 9 in 2021 to 15 in 2023. This could indicate a strategic shift by Byrider towards more company-owned operations, which might impact the support and growth opportunities available to franchisees. A potential franchisee should discuss this trend with Byrider to understand the company's long-term vision for franchising and how it plans to support its franchisees in the future.
Overall, the data suggests a need for careful consideration and due diligence. A prospective franchisee should seek clarification from Byrider regarding the reasons for the net decrease in franchised locations and the increase in company-owned stores. Understanding these dynamics is essential for making an informed decision about investing in a Byrider franchise.