What is the median vehicle purchase price for Byrider stores in the first quartile?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
r 31 in 2022 and 2023) of Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 25 Stores | Average | Exceed Avg. | Median | Second Quartile = 25 Stores | Average | Exceed Avg. | Median |
|---|---|---|---|---|---|---|---|
| Vehicle Purchase P |
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 vehicle purchase price for stores in the first quartile is detailed in Item 19, which presents financial performance representations. Based on a group of 25 stores in the first quartile, the median vehicle purchase price is $7,162. This means that half of the stores in the bottom 25% of performers sold vehicles for more than $7,162, and half sold for less.
This information is valuable for prospective franchisees as it provides insight into the typical vehicle prices at stores with lower performance. Understanding this median price can help franchisees develop realistic sales and revenue projections. It also allows them to assess the types of vehicles they may need to stock to align with the financial capabilities of their target customer base.
It's important to note that this is just one metric among many that contribute to a store's overall financial health. Factors such as reconditioning expenses, down payments, and marketing expenses also play significant roles. Prospective franchisees should consider these figures in conjunction with other data provided in Item 19 to gain a comprehensive understanding of the potential financial performance of a Byrider franchise.