Under what condition can a Byrider franchisee request a development schedule extension?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
ital or video motion pictures of the site and surrounding areas, copies of proposed leases, diagrams of the Business Location with measurements, a letter of intent or other evidence of the Franchisee's favorable prospects of obtaining the proposed location, and such further information and materials as the Company may reasonably require to evaluate the Franchisee's proposed location.
The Franchisee expressly understands that the opening of the Franchisee's Business within one (1) year following the execution of this Agreement is of the essence of this Agreement; provided, however, if in the Company's sole judgment, Franchisee has diligently pursued opening of the Franchisee's Business but failed through no fault of its own, then Franchisee may request an extension of up to six (6) months and the Company shall not unreasonably withhold consent to such request.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, a franchisee may request a six-month extension to their development schedule if they have diligently pursued opening their business but have failed through no fault of their own. This extension is not automatically granted; it is subject to Byrider's approval, which the document states Byrider will not unreasonably withhold.
To obtain this extension, the Byrider franchisee must pay a $5,000 extension fee. This fee is paid in a lump sum when the extension request is submitted and is nonrefundable, regardless of whether the extension is ultimately granted. This fee structure incentivizes franchisees to meet their initial development schedules and ensures Byrider is compensated for the administrative effort of considering and processing the extension request.
This policy is important for prospective Byrider franchisees to understand, as failing to meet the development schedule can have significant financial implications. While the possibility of an extension provides some flexibility, it comes at a cost and is not guaranteed. Franchisees should carefully consider their ability to meet the development schedule before entering into an agreement with Byrider, and factor the potential extension fee into their financial projections.