Under what conditions is the initial franchise fee for Byrider refundable?

According to Byrider's 2025 Franchise Disclosure Document, the initial franchise fee is refundable under specific conditions. To receive a refund, a prospective franchisee must provide Byrider Franchising Partners with written notice within 60 days from the date of the Franchise Agreement. Additionally, the franchisee must sign the form of general release required by Byrider Franchising Partners.

It is important to note that this refund policy applies specifically to the initial franchise fee. The document clarifies that all other amounts reflected in Item 7 of the FDD, which details the estimated initial investment, will not be refundable unless a franchisee is able to negotiate a refund directly with the particular supplier. This means that costs associated with items such as the starter kit, rent, furniture, fixtures, equipment, and other components of the initial investment are generally non-refundable unless otherwise negotiated.

For franchisees considering expanding with additional locations, the initial franchise fee for each subsequent franchise is $35,000 for Traditional Franchisees or $40,000 for Ultra Franchisees. The FDD also mentions a reduction in the initial franchise fee for veterans of the U.S. Armed Forces, who may be eligible for a $10,000 reduction. However, the conditions for refundability remain the same as for the initial franchise.

Prospective franchisees should carefully consider these conditions and timelines, as failing to meet them will result in the loss of the initial franchise fee. It is advisable to consult with a legal and financial advisor to fully understand the implications of the Franchise Agreement and the refund policy before signing any documents or making payments to Byrider.