What was the median net income from operations (before taxes) for Byrider stores in the third quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| 3,101 | | | 2,927 | Net Income per Vehicle Sold 10 | 1,740 | | 1,930 | |
| Third Quartile = 23 Stores | Third Quartile Average | % Met or Exceed Avg | Third Quartile Median | Fourth Quartile = 23 Stores | Fourth Quartile Average | % Met or Exceed Avg | Fourth Quartile Median | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual Vehicle Sales6 | 275 | 254 | Annual Vehicle Sales6 | 225 | 219 | ||||||
| Sales Revenue2,11 | 4,564,640 | 72.32% | 34.78% | 4,270,290 | 71.77% | Sales Revenue2,11 | 3,873,792 | 74.44% | 47.83% | 3,832,479 | 74.14% |
| Finance Revenue3,11 | 1,747,479 | 27.68% | 43.48% | 1,605,537 | 26.98% | Finance Revenue3,11 | 1,330,239 | 25.56% | 47.83% | 1,239,640 | 23.98% |
| Total Revenue4,11 | 6,312,119 | 100.00% | 34.78% | 5,949,808 | 100.00% | Total Revenue4,11 | 5,204,030 100.00% | 47.83% | 5,169,027 100.00% | ||
| Cost of Goods Sold5 | 4,053,081 | 64.21% | 39.13% | 3,842,016 | 64.57% | Cost of Goods Sold5 | 3,499,836 | 67.25% | 52.17% | 3,559,303 | 68.86% |
| Total Gross Profit7 | 2,259,038 | 35.79% | 34.78% | 2,019,243 | 33.94% | Total Gross Profit7 | 1,704,194 | 32.75% | 47.83% | 1,566,606 | 30.31% |
| Total Operating Expense8 | 2,009,058 | 31.83% | 34.78% | 1,790,371 | 30.09% | Total Operating Expense8 | 1,967,782 | 37.81% | 43.48% | 1,900,212 | 36.76% |
| *Net Income from Operations (before taxes)9 | 249,980 | 3.96% | 65.22% | 281,170 | 4.73% | *Net Income from Operations (before taxes)9 | -263,588 | -5.07% | 56.52% | -193,902 | -3.75% |
| Net Income per Vehicle Sold 10 | 909 | 1,109 | Net Income per Vehicle Sold 10 | -1,173 | -887 |
| Third Quartile Average | % Met or | Third Quartile Median | Fourth Quartile Average | % Met or | Fourth Quartile Median | ||
|---|---|---|---|---|---|---|---|
| 275 | 254 | 225 | 219 | ||||
| 909 | 1,109 | Net Income per Vehicle Sold 10 | -1,173 | -887 |
*Does not include revenue or expenses from related warranty reinsurance and real estate holding companies
TABLE A-3 Results of Byrider Company-Owned Stores in Complete Set
Based on 2 Years (period ending December 31 in 2022 and 2023) of Company-Owned Stores Open 24+ Months as of 12/31/2023
| 8 Franchise Locations | Average | Revenue | Exceed | Median | Revenue | |-----------------------------------------------------------------------------------------------------------|----------------------|------------------|------------------|----------------------|------------------| | Annual Vehicle Sales6 | 309 | | | 320 | | | Sales Revenue2,11 | 5,392,322 | 70.17% | 50.00% | 5,529,445 | 72.51% | | Finance Revenue3,11 | 2,292,276 | 29.83% | 50.00% | 2,191,053 | 28.73% | | Total Revenue4,11 | 7,684,598 | 100.00% | 50.00% | 7,625,909 | 100.00% | | Cost of Goods Sold5 | 4,784,802 | 62.26% | 50.00% | 4,919,318 | 64.51% | | Total Gross Profit7 | 2,899,795 | 37.74% | 50.00% | 2,720,436 | 35.67% | | Total Operating Expense8 | 1,957,137 | 25.47% | 62.50% | 2,045,688 | 26.83% | | *Net Income from Operations (before taxes)9 | 942,659 | 12.27% | 37.50% | 841,477 | 11.03% | | 10 | 3,049 | | | 2,628 | | | Net Income per Vehicle Sold | | | | | | | *does not include revenue or expenses from related warranty reinsurance and real estate holding companies | | | | | |
TABLE A-4
Results of Byrider Company-Owned Stores in Complete Set
Based on 2 Years (period ending December 31 in 2022 and 2023) of Company-Owned Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First
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 net income from operations (before taxes) for stores in the third quartile is presented in Item 19. There are two different tables that present this information. One table represents 23 stores and the other represents 25 stores.
For the 23 stores in the third quartile, the median net income from operations (before taxes) was $281,170. This figure represents 4.73% of total revenue for these stores.
Alternatively, for the 25 stores in the third quartile, the median net income from operations (before taxes) was $292,236, representing 4.88% of total revenue. These figures provide prospective franchisees with an idea of the potential profitability of Byrider stores in the third quartile, based on data from existing franchisee-owned stores.