Byrider
Used car dealership offering vehicle sales and in-house auto financing, with an on-site service center that repairs vehicles purchased from the business; focuses on special-credit buyers.
Your franchise match score
Retail
Brand highlights
- CEOMichael J. Onda
- Headquarters12802 Hamilton Crossing Blvd., Carmel, IN, 46032
- Year founded2024
- Year started franchising1989
- IndustryRetail
- Locations open128 (-16 last three years)
Statistics & metrics
- Investment range$947,000 - $1,577,500
- Franchise fee$60,000
- Royalty$5,500-$7,800 plus 1.65%-1.90% Gross Receipts. Gross Sales (Byrider Vehicle Sales): (i) during first year of operation of the Business, $5,500 per month; (ii) during second year of operation of the Business, the greater of $6,700 or 1% of Gross Sales (Byrider Vehicle Sales); and (iii) after second year of operation of Business, the greater of $7,800 or 1% of Gross Sales (Byrider Vehicle Sales). Gross Receipts (CNAC Collections): After the first year of operation of the Business, 1.90% of your Gross Receipts (CNAC) throughout the remaining term of the Franchise Agreement, except, if you’re signing your third (or more) Franchise Agreement, you will pay 1.65% of your Gross Receipts (CNAC Collections), so long as you are in compliance with all Franchise Agreements with Byrider Franchising, Partners and you continue to operate at least two additional Byrider Businesses that are open to the public. If you fail to meet these conditions, you will pay 1.90% for the remaining term of your third (or more) Franchise Agreement.
- Brand fund$2,450 Monthly
- Required Liquid Capital$750,000
- Required Net WorthN/A
Learn more about the Retail industry:
General retail franchises cover a wide range of products, from gifts and hobbies to hardware and convenience stores. This versatile sector offers opportunities for diverse interests.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2025-01-01
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about Byrider, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of Byrider's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving Byrider, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a Byrider franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information Byrider provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 128 |
| Franchise locations | 113 |
| Corporate locations | 15 |
System growth over time
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