What is the median interest rate for Byrider stores in the fourth quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
686 | 56.52% | $165,214 | Average Monthly Operating Expenses 36 | $159,927 | 60.87% | $151,437 |
| Third Quartile = 23 Stores | Average | Exceed Avg. | Median | Fourth Quartile = 23 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
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 interest rate for stores in the fourth quartile is 21.00%. This is based on data from 23 stores in the fourth quartile. The average interest rate for these stores is 21.11%.
For a prospective franchisee, this indicates the typical interest rate being charged to customers by the higher-performing Byrider locations. It's important to note that this is a median value, meaning half of the stores in the fourth quartile have interest rates above this figure, and half have rates below it. The average interest rate is very close to the median, suggesting a fairly symmetrical distribution of rates.
Understanding the interest rates is crucial because it directly impacts the finance revenue generated by a Byrider franchise. Franchisees should analyze these figures in conjunction with other financial performance metrics, such as delinquency and charge-off rates, to assess the overall risk and profitability of lending at these rates. Prospective franchisees should also investigate how Byrider supports franchisees in managing interest rate strategies and complying with relevant regulations.