What is the minimum Total Revenue for a Byrider franchise, as shown in Table A-1?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
d 2023) of Franchisee-Owned Stores Open 24+ Months as of 12/31/2023
| 92 Franchise Locations | Average | Revenue | Exceed | Median | Revenue | |----------------------------------------------------------------------------------------------------------|-------------------------------|-------------------------|-------------------------|-------------------------------|-------------------------| | Annual Vehicle Sales 6 | 300 | | | 285 | | | Sales Revenue 2,11 | 5,111,325 | 73.22% | 46.74% | 4,883,892 | 74.48% | | Finance Revenue 3,11 | 1,869,223 | 26.78% | 48.91% | 1,789,882 | 27.30% | | Total Revenue 4,11 | 6,980,548 | 100.00% | 44.57% | 6,557,513 | 100.00% | | Cost of Goods Sold 5 Total Gross Profit 7 | 4,570,512 | 65.47% | 45.65% | 4,420,218 | 67.41% | | | 2,410,036 | 34.53% | 42.39% | 2,306,218 | 35.17% | | Total Operating Expense 8 | 1,977,562 | 28.33% | 40.22% | 1,881,341 | 28.69% | | *Net Income from Operations (before taxes) 9 | 432,474 | 6.20% | 43.48% | 380,783 | 5.81% | | Net Income per Vehicle Sold 10 | 1,440 | | | 1,337 | | | does not include revenue or expenses from related warranty reinsurance and real estate holding companies | | | | | |
TABLE A-2
Results of Byrider Franchisee-Owned Stores in Complete Set
Based on 2 Years (period ending December 31 in 2022 and 2023) of Franchisee-Owned Stores Open 24+ Months as of 12/31/2023
STORE RESULTS BROKEN DOWN INTO QUARTILES
| First Quartile = 23 Stores | First Quartile Average | % Met or Exceed Avg | First Quartile Median | Second Quartile = 23 Stores | Second Quartile Average | % Met or Exceed Avg | Second Quartile Median | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Annual Vehicle Sales6 | 384 | 377 | Annual Vehicle Sales6 | 317 | 298 | ||||||
| Sales Revenue2,11 | 6,692,813 | 72.46% | 47.83% | 6,648,663 | 74.89% | Sales Revenue2,11 | 5,314,054 | 74.12% | 52.17% | 5,365,961 | 77.16% |
| Finance Revenue3,11 | 2,543,236 | 27.54% | 43.48% | 2,376,279 | 26.29% | Finance Revenue3,11 | 1,855,939 | 25.88% | 52.17% | 1,896,893 | 27.28% |
| Total Revenue4,11 | 9,236,049 | 100.00% | 39.13% | 9,030,162 | 101.19% | Total Revenue4,11 | 7,169,993 100.00% | 47.83% | 6,954,666 100.00% | ||
| Cost of Goods Sold5 | 5,989,012 | 64.84% | 43.48% | 5,955,899 | 67.84% | Cost of Goods Sold5 | 4,740,120 | 66.11% | 69.57% | 4,752,350 | 68.33% |
| Total Gross Profit7 | 3,247,037 | 35.16% | 34.78% | 3,081,579 | 32.07% | Total Gross Profit7 | 2,429,874 | 33.89% | 39.13% | 2,352,981 | 33.83% |
| Total Operating Expense8 | 2,055,025 | 22.25% | 43.48% | 1,929,600 | 18.07% | Total Operating Expense8 | 1,878,383 | 26.20% | 39.13% | 1,782,494 | 25.63% |
| *Net Income from Operations (before taxes)9 | 1,192,012 | 12.91% | 43.48% | 1,101,989 | 14.39% | *Net Income from Operations (before taxes)9 | 551,490 | 7.69% | 56.52% | 575,209 | 8.27% |
| Net Income per Vehicle Sold 10 | 3,101 | 2,927 | Net Income per Vehicle Sold 10 | 1,740 | 1,930 |
| Average | First Quartile | % Met or | First Quartile Median | Second Quartile Average | % Met or | Second Quartile Median | ||
|---|---|---|---|---|---|---|---|---|
| 384 | 377 | 317 | 298 | |||||
Source: Item 19 — Financial Performance Representations (FDD pages 63–81)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Table A-1 presents system-wide average figures for franchisee-owned stores. However, the provided excerpts do not include the lowest or highest figures for Total Revenue in Table A-1. The table shows that the average Total Revenue for 92 franchise locations is $6,980,548, with a median of $6,557,513. For 100 franchise locations, the average Total Revenue is $7,036,872, with a median of $6,669,982. For 8 franchise locations, the average Total Revenue is $7,684,598, with a median of $7,625,909.
Without the minimum figure, it's impossible to determine the lowest revenue a Byrider franchise might generate. This makes it difficult for a prospective franchisee to assess the potential downside risk. The FDD does state that Byrider Franchising Partners will provide written substantiation for this financial information to prospective franchisees upon reasonable request.
A prospective Byrider franchisee should ask the franchisor for the minimum Total Revenue figure, as well as the range of Total Revenues for stores in Table A-1, to gain a better understanding of potential revenue variability. Understanding the factors that contribute to the lowest revenue figures can help a franchisee prepare for potential challenges and implement strategies to improve performance.