factual

What is the name of the company providing the financial statements for the Byrider franchise?

Byrider Franchise · 2025 FDD

Answer from 2025 FDD Document

Exhibit A contains an unaudited opening balance sheet of Byrider Franchising Partners as of September 5, 2024. Byrider Franchising Partners has not been in business for three years or more and cannot include all the financial statements required by the Federal Trade Commission Franchise Rule.

Source: Item 21 — Financial Statements (FDD page 87)

What This Means (2025 FDD)

According to the 2025 Byrider Franchise Disclosure Document, Byrider Franchising Partners is providing the financial statements. However, because Byrider Franchising Partners has not been in business for three years or more, the FDD only includes an unaudited opening balance sheet as of September 5, 2024, in Exhibit A, instead of all the financial statements typically required by the Federal Trade Commission Franchise Rule.

This means that prospective franchisees will not have access to a complete set of historical financial statements for Byrider Franchising Partners itself. This is a potential risk, as franchisees typically rely on these statements to assess the financial stability and performance of the franchisor.

Given this limitation, it is crucial for potential Byrider franchisees to conduct thorough due diligence. They should consider requesting additional financial information from Byrider, speaking with existing franchisees about their experiences, and consulting with a financial advisor to evaluate the risks and opportunities associated with investing in a Byrider franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.