What was 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 |
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 was $2,560, based on a sample of 25 stores. For a separate sample of 23 stores, the median reconditioning expense for stores in the fourth quartile was also $2,560.
Reconditioning expenses represent the costs Byrider franchisees incur to prepare vehicles for sale. These costs can include mechanical repairs, body work, detailing, and any other work needed to bring a used vehicle up to Byrider's standards. The median represents the midpoint, meaning half of the stores in the fourth quartile had reconditioning expenses above this amount, and half had expenses below it.
Prospective franchisees should consider reconditioning expenses when evaluating the potential profitability of a Byrider franchise. These expenses can vary depending on the age and condition of the vehicles purchased, as well as the local market conditions. It is important to note that the average reconditioning expense for the fourth quartile was $2,563 (25 stores) and $2,573 (23 stores), slightly higher than the median, suggesting that some stores had significantly higher reconditioning costs that skewed the average upward.