- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$947K - $1.6M
- Units as of 2023
-
134 9% over 3 years
Company Overview
About Byrider
| Industry | Automotive |
|---|---|
| Related Categories | Miscellaneous Automotive Products & Services, Auto Rentals & Sales, Miscellaneous Financial Services |
| Founded | 1979 |
| Parent Company | Byrider Systems Inc. |
| Leadership | Craig Peters, CEO |
| Corporate Address |
12802 Hamilton Crossing Blvd. Carmel, IN 46032 |
| Social | Facebook, LinkedIn |
Business Overview
| Franchising Since | 1989 (35 years) |
|---|---|
| # of employees at HQ | 422 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Wisconsin, West Virginia, Wyoming |
| # of Units | 134 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Byrider franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$60,000 |
|---|---|
|
Initial Investment
|
$947,000 - $1,577,500 |
|
Net Worth Requirement
|
$800,000 - $1,500,000 |
|
Cash Requirement
|
$200,000 - $1,500,000 |
|
Veteran Incentives
|
$10,000 off franchise fee |
|
Royalty Fee
|
$395/vehicle |
|
Ad Royalty Fee
|
$2.5K/mo. |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Byrider has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | As needed |
|---|---|
| Classroom Training | 72+ hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 12-20 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Byrider landed on this year's Franchise 500 Ranking versus previous years.
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