What page of the Byrider FDD discusses the Initial Franchise Fee?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: Receipts]
- 3.8 Initial Franchise Fee. The term "Initial Franchise Fee" shall mean Sixty Thousand ($60,000) Dollars. For each additional franchise, Franchisee shall pay the then current fee. See Exhibit B for Franchisee's additional franchise category designation ("Additional Franchise Category")
| B. | Initial Franchise Fee. | The initial franchise fees are as follows: | |
|---|---|---|---|
| 1. | 1st franchise: | $60,000.00 | |
| 2. | 2nd franchise: | $35,000.00 | |
| 3. | 3rd franchise: | $35,000.00 | |
| 4. | 4th franchise: | $35,000.00 | |
| Total fee: | $165,000.00 |
| B. | Initial Franchise Fee. | The initial franchise fees are as follows: | |
|---|---|---|---|
| 1. | 1st franchise: | $60,000.00 | |
| 2. | 2nd franchise: | $40,000.00 | |
| 3. | 3rd franchise: | $40,000.00 | |
| 4. | 4th franchise: | $40,000.00 | |
| Total fee: | $180,000.00 |
ARTICLE IX
FEES
- 9.1 Initial Franchise Fee. The Franchisee shall pay to the Company the Initial Franchise Fee of Sixty Thousand ($60,000.00) Dollars upon the execution of this Agreement. The Initial Franchise Fee shall be refundable only in the event the Company receives written notice from Franchisee of its desire to rescind the Agreement. This notice of rescission must be received by the Company within 60 days after the Agreement has been executed. In all other cases, the fee is nonrefundable.
| 1. | Initial Franchise Fee. The Company and Franchisee agree and acknowledge that |
|---|---|
| the Initial Franchise Fee provided in Section 3.8 of the Franchise Agreement shall be $50,000. |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the initial franchise fee is discussed in multiple locations. Item 23, titled "Receipts," includes information about the initial franchise fee. Specifically, Section 3.8 within Item 23 defines the initial franchise fee as $60,000. Article IX, also found within Item 23, further elaborates on the initial franchise fee, stating that it is payable upon the execution of the agreement and is refundable only if Byrider receives written notice of rescission within 60 days of the agreement's execution.
Item 23 also includes tables detailing the initial franchise fees for multiple franchises. For instance, the fee for the first franchise is $60,000, while subsequent franchises (2nd, 3rd, and 4th) have reduced fees of $35,000 or $40,000 each, depending on the specific table.
Additionally, the Veteran Discount Addendum, also part of Item 23, mentions that the initial franchise fee can be reduced to $50,000 for eligible veterans, amending Section 3.8 of the Franchise Agreement. Therefore, while the FDD does not explicitly state a single page number where the initial franchise fee is discussed, Item 23 contains various sections and exhibits that detail the fee, its conditions, and potential discounts.