What page in the Byrider Franchise Agreement discusses 'No Representations Regarding Profits of the Franchise'?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
ARTICLE II
ACKNOWLEDGMENTS
To induce the Company to enter into this Agreement the Franchisee acknowledges, warrants and represents as follows.
- 2.1 Independent Investigation. The Franchisee has had the opportunity to conduct an independent investigation of the business opportunity offered hereunder and the terms and provisions of this Agreement.
The Franchisee recognizes that the nature of the business described herein may evolve and change over time, that an investment in the franchise involves business risks and that the success of the venture depends primarily upon the Franchisee's business ability and efforts and other factors which are beyond the Company's control and which have nothing to do with the System or the Company's performance of its obligations under this Agreement.
2.2 Existing Franchisees. Prior to the execution of this Agreement, the Franchisee had the opportunity to contact all existing franchisees of the Company.
2.3 No Representations Regarding Profits of the Franchise. No representations have been made by the Company or by its officers, directors, shareholders, employees or agents, and relied upon by the Franchisee as to future or past income, expenses, sales volume or potential profitability, earnings or income of the business franchised hereby, or any other franchisee, other than information provided in Item 19 of the Company's Franchise Disclosure Document.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, Article II, section 2.3 of the Franchise Agreement addresses 'No Representations Regarding Profits of the Franchise.' This section is part of a broader set of acknowledgments that the franchisee makes to induce Byrider to enter into the agreement.
Specifically, section 2.3 states that no representations have been made or relied upon by the franchisee regarding future or past income, expenses, sales volume, potential profitability, earnings, or income of the franchised business. The only exception to this is information provided in Item 19 of Byrider's Franchise Disclosure Document, which typically contains financial performance representations.
This acknowledgment is significant because it limits Byrider's liability regarding any financial projections or promises made outside of Item 19. It reinforces that the franchisee is responsible for their own investigation and understanding of the business's potential, and that the success of the venture depends on the franchisee's abilities and efforts, as well as other factors beyond Byrider's control. Prospective franchisees should carefully review Item 19 and conduct thorough due diligence to assess the potential profitability of a Byrider franchise.