What is the median reconditioning expense for Byrider stores in the fourth quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
181,257 | 48.00% | $184,794 | Average Monthly Operating Expenses 36 | $160,803 | 60.00% | $150,553 |
| Third Quartile = 25 Stores | Average | Exceed Avg. | Median | Fourth Quartile = 25 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Vehicle Purchase Price 26 | $6,832 | 52.00% | $6,672 | Vehicle Purchase Price 26 | $6,132 | 44.00% | $6,139 |
| Reconditioning Expense 27 | $2,385 | 52.00% | $2,381 | Reconditioning Expense 27 | $2,563 | 52.00% | $2,560 |
| Down Payment (cash/trade/deferred) 28 | $2,366 | 44.00% | $2,319 | Down Payment (cash/trade/deferred) 28 | $2,426 | 48.00% | $2,382 |
| Gross Mark-Up 29 | $6,929 | 44.00% | $6,915 | Gross Mark-Up 29 | $6,798 | 44.00% | $6,578 |
| Installment Contract Amount Financed 32 | $14,969 | 36.00% | $14,800 | Installment Contract Amount Financed 32 | $14,453 | 52.00% | $14,542 |
| Interest Rate 33 | 21.34% | 40.00% | 21.00% | Interest Rate 33 | 21.10% | 36.00% | 21.00% |
| Monthly Payment Equivalent Amount 34 | $489 | 24.00% | $484 | Monthly Payment Equivalent Amount 34 | $483 | 52.00% | $483 |
| Discount Rate 30 | 28.21% | 72.00% | 30.00% | Discount Rate 30 | 28.66% | 88.00% | 30.00% |
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 reconditioning expense for stores in the fourth quartile varies depending on the number of stores included in the quartile. In one instance, with 25 stores in the fourth quartile, the median reconditioning expense is $2,560. In another instance, with 23 stores in the fourth quartile, the median reconditioning expense is also $2,560. However, when considering only 2 stores in the fourth quartile, the median reconditioning expense is $2,486.
These figures represent the midpoint of reconditioning expenses for Byrider stores that fall within the top quartile of performance. Reconditioning expenses are costs associated with preparing vehicles for sale, which can include repairs, cleaning, and maintenance. The median provides a more representative value than the average, as it is less susceptible to being skewed by extremely high or low values.
A prospective Byrider franchisee can use this information to estimate potential reconditioning costs for their own store, assuming they perform within the top quartile. However, it's important to note that these figures are based on historical data and may not be indicative of future performance. Factors such as location, market conditions, and management practices can all influence reconditioning expenses.
It is important to consider the number of stores used to calculate these figures. The median reconditioning expense differs based on whether the fourth quartile consists of 25, 23, or only 2 stores. This discrepancy highlights the variability in performance among Byrider franchises and the importance of understanding the factors that contribute to success.