Under what conditions can a Byrider franchisee relocate their business without paying an additional initial franchise fee?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
- 4.3 Relocation. The Franchisee's Business is granted for a specific location, or a location to be approved by the Company. The Franchisee may relocate the Franchisee's Business with the prior written approval of the Company without obligation to pay the Company an additional Initial Franchise Fee. However, the Franchisee is not entitled to the services of the Company in connection with such relocation and reopening without an agreement with the Company regarding the payment of the then current fees for such services plus the reimbursement of its expenses.
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to the 2025 Byrider Franchise Disclosure Document, a franchisee can relocate their business without incurring an additional initial franchise fee if they obtain prior written approval from Byrider. However, Byrider is not obligated to provide relocation and reopening services without a separate agreement regarding the payment of fees for these services, plus reimbursement of expenses. This means that while Byrider waives the initial franchise fee for relocation, the franchisee may still need to pay for Byrider's assistance in the relocation process.
This policy provides some flexibility for Byrider franchisees who may need to move their business due to changing market conditions or other factors. However, it's important to note that relocation is not guaranteed, as it is subject to Byrider's approval. Additionally, the franchisee will likely bear the costs associated with physically moving and setting up the new location.
Prospective franchisees should carefully consider the potential costs and requirements associated with relocation before signing a franchise agreement. It would be prudent to discuss with Byrider what specific factors they consider when approving a relocation request and to get an estimate of the fees and expenses associated with relocation services to better understand the financial implications.