What is the median reconditioning expense for Byrider stores in the third 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 third quartile varies depending on the number of stores included in the sample. For a sample of 25 stores in the third quartile, the median reconditioning expense is $2,381. However, for a sample of 23 stores in the third quartile, the median reconditioning expense is $2,325. When the third quartile consists of only 2 stores, the median reconditioning expense is $3,042.
These figures represent the median expenses Byrider franchisees incurred to recondition vehicles before selling them. Reconditioning is a necessary part of the Byrider business model, as it ensures the vehicles meet certain standards before being offered to customers. The expense covers parts, labor, and any other costs associated with bringing a used vehicle up to Byrider's standards.
Prospective franchisees should consider these reconditioning expenses when evaluating the potential profitability of a Byrider franchise. The wide range in median reconditioning expenses, from $2,325 to $3,042, depending on the sample size, suggests that these costs can fluctuate significantly. It is important to understand the factors that contribute to these variations and how they might impact a franchisee's bottom line. Factors that could influence reconditioning expenses include the age and condition of the vehicles acquired, local labor rates, and the availability of parts.