What is the total initial franchise fee for four Byrider franchises?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| Required Franchises | Opening Date | City Location* | |---------------------|--------------------------------------------------------------------------|-----------------------------------| | 1st franchise: | Within 1 year after the date of this Area Development Agreement | Within Exclusive Development Area | | 2nd franchise: | Within 3 years after 1st franchise opening date | Within Exclusive Development Area | | 3rd franchise: | Within 2 years after 2nd franchise opening date | Within Exclusive Development Area | | 4th franchise: | Within 2 years after 3rd franchise opening date | Within Exclusive Development Area | *The site for each location must be approved by the Company prior to Franchisee
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 varies depending on the number of franchises a franchisee purchases. Specifically, the initial franchise fee for the first Byrider franchise is $60,000, while the subsequent franchises (2nd, 3rd, and 4th) each have an initial franchise fee of $35,000.
Therefore, if a franchisee were to purchase four Byrider franchises, the total initial franchise fee would amount to $165,000. This is calculated by adding the $60,000 for the first franchise, $35,000 for the second franchise, $35,000 for the third franchise, and $35,000 for the fourth franchise.
It's important to note that Byrider also offers a discount for veterans, reducing the initial franchise fee to $50,000. However, the document does not specify whether this discount applies to subsequent franchises or only the first one. A prospective franchisee should clarify with Byrider whether the veteran's discount applies to multiple franchise purchases to fully understand the initial investment required.