What is the median gross mark-up for Byrider stores in the first quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
) of Franchisee-Owned Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 23 Stores | Average | Exceed Avg. | Median | Second Quartile = 23 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Vehicle Purchase Price 26 | $6,746 | 17.39% | $7,235 | Vehicle Purchase Price 26 | $6,607 | 47.83% | $6,721 |
| Reconditioning Expense 27 | $2,211 | 60.87% | $2,126 | Reconditioning Expense 27 | $2,215 | 52.17% | $2,198 |
| Down Payment (cash/trade/deferred) 28 | $2,380 | 30.43% | $2,187 | Down Payment (cash/trade/deferred) 28 | $2,439 | 52.17% | $2,455 |
| Gross Mark-Up 29 | $6,988 | 52.17% | $7,007 | Gross Mark-Up 29 | $6,948 | 52.17% | $7,092 |
| Installment Contract Amount Financed 32 | $15,522 | 60.87% | $15,689 | Installment Contract Amount Financed 32 | $14,442 | 52.17% | $14,621 |
| Interest Rate 33 | 20.68% | 34.78% | 20.32% | Interest Rate 33 | 21.55% | 47.83% | 21.23% |
| Monthly Payment Equivalent Amount 34 | $495 | 52.17% | $495 | Monthly Payment Equivalent Amount 34 | $485 | 43.48% | $478 |
| Discount Rate 30 | 29.13% | 56.52 |
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the median gross mark-up for stores in the first quartile varies depending on the number of stores included in that quartile. For the group of 23 stores in the first quartile, the median gross mark-up is $7,007. When the first quartile consists of 25 stores, the median gross mark-up is $7,190. For the smallest group, where the first quartile includes only 2 stores, the median gross mark-up is $7,581.
These figures represent the midpoint gross mark-up achieved by Byrider stores in the lowest-performing quartile. Half of the stores in this quartile achieved a gross mark-up higher than the median, and half achieved a lower one. Gross mark-up reflects the difference between revenue and the cost of goods sold, before considering operating expenses.
A prospective franchisee should consider these figures as a general indication of potential financial performance for stores in the lower range. However, the actual performance of a Byrider franchise can be influenced by factors such as location, management skills, local market conditions, and adherence to the Byrider system. The number of stores in each quartile also varies, which may impact the median values.
It is important to note that these figures are based on historical data and may not be representative of future performance. A prospective franchisee should conduct their own independent research and due diligence, including a review of the complete Item 19 and discussions with existing franchisees, to assess the potential financial viability of a Byrider franchise.