What was the median installment contract amount financed for Byrider stores in the second quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| 92 Franchise Locations | Average | Exceed Avg. | Median | |--------------------------------------------------------------------------|-----------|-------------|-----------| | | | | | | Vehicle Purchase Price 26 | $6,746 | 50.00% | $6,744 | | Reconditioning Expense 27 | $2,348 | 54.35% | $2,319 | | Down Payment (cash/trade/deferred) 28 | $2,406 | 56.52% | $2,334 | | Gross Mark-Up 29 | $6,911 | 47.83% | $6,936 | | Installment Contract Amount Financed 32 | $14,846 | 45.65% | $14,933 | | Interest Rate 33 | 21.15% | 60.87% | 21.00% | | Monthly Payment Equivalent Amount 34 | $488 | 60.87% | $484 | | Discount Rate 30 | 28.84% | 25.00% | 30.00% | | | | | | | Average Trade Percentage 37 | 18.66% | 60.87% | 16.68% | | Average CoBuyer Percentage 38 | 14.78% | 58.70% | 13.86% | | | | | | | All Delinquency (% of portfolio 1 or more days delinquent) 35 | 11.27% | 56.52% | 10.84% | | Net Charge Off (as % of Portfolio Amount) 39 | 1.11% | 48.91% | 1.12% | | Static Pool Charge Off (Originations from 2 Years Prior) 40 | 23.25% | 50.00% | 23.23% | | Average Cash on Cash (Originations from 2 Years Prior) 41 | 112.38% | 43.48% | 112.88% | | | | | | | Warranty Expense/Vehicle Sold 31 | $724 | 51.09% | $716 | | Average Monthly Marketing Expenses 42 | $5,997 | 45.65% | $6,217 | | Average Monthly Operating Expenses 36 | $169,135 | 60.87% | $159,436 |
Byrider Franchised Stores Systemwide Average Figures for Franchisee-Owned Stores Included in Tables A-1 and A-2
Based on 2 Years (period ending December 31 in 2022 and 2023) 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.
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 installment contract amount financed for stores in the second quartile is detailed in Item 19. Based on data compiled from franchisee-owned stores, the median installment contract amount financed is $14,621. This figure represents the midpoint of the range of financing amounts for this group of stores.
For a prospective Byrider franchisee, this number provides insight into the typical financing arrangements within the second quartile of stores. Understanding the median amount financed can help franchisees anticipate the scale of loans they will be managing and the associated risks and returns. It is important to note that this is a median value, and individual store performance may vary.
This data point, along with other financial performance representations, should be carefully considered when evaluating the Byrider franchise opportunity. Potential franchisees should compare these figures with their own financial projections and consult with existing franchisees to gain a comprehensive understanding of the business.