What specific financial statements required by the FTC Franchise Rule are not included for Byrider Franchising Partners?

According to Byrider's 2025 Franchise Disclosure Document, Byrider Franchising Partners has not been in business long enough to include all financial statements mandated by the Federal Trade Commission Franchise Rule. Specifically, as of September 5, 2024, Byrider Franchising Partners had not been in business for three years or more.

This is a common situation for newer franchise entities. The FTC requires a certain operating history to ensure that financial statements provide a meaningful picture of the franchise's performance. The absence of these statements means that prospective franchisees have less historical financial data to review when making their investment decision.

While the FDD includes an unaudited opening balance sheet as of September 5, 2024, potential franchisees should be aware that this provides only a limited snapshot of the company's financial position at a single point in time. It does not offer the insights that come from reviewing several years of income statements, balance sheets, and cash flow statements. Therefore, it is crucial for potential Byrider franchisees to conduct thorough due diligence, seek professional financial advice, and carefully consider the risks and opportunities associated with investing in a relatively new franchise system.