Byrider: A Great Recession-Resistant Business Option!
Life can certainly be unpredictable, and these last few months have shown how difficult it can be to predict what’s around the corner. These times have certainly taught us that independent business ownership comes with its challenges — without a sturdy backbone of support, navigating unforeseen obstacles is that much
harder. Fortunately, Byrider’s franchisees enjoy a recession-resistant business model that makes it much easier for them to handle the effects of an economic downturn. Let’s take a look at how we’ve supported our owners through these difficult times and why opening a car dealership franchise with Byrider is the smarter way to start up.
2020: A Year of Growth!
At Byrider, we are incredibly proud to consider 2020 a year of growth for our brand, but we recognize that not many businesses can say the same. Yelp has shown 60% of business closures due to the coronavirus pandemic are now permanent, a number that is over 97,000 and growing every day.
Byrider has grown our car dealership franchise significantly this fall, with new locations opening in Arkansas, Michigan, Texas, and Louisiana. Each year it seems as if our family of franchise partners continues to grow, and Jack Humbert, Byrider’s Vice President of Development, is increasingly optimistic about the future.
“Byrider consistently ranks among the best franchises, but each year’s recognition is always welcome and well-deserved,” he says. “2019 was a year of very solid performances by everyone in our company, which now has 143 locations in 43 states – 112 of those franchises owned by 45 franchisees. We are proud of maintaining an outstanding level of success year after year.”
Comprehensive Training and Long Term Support
Why do investors feel so confident about investing in our car dealership franchise, even in a time of economic uncertainty?
Training: Starting a new business right now can be a risky venture, especially if you don’t have years of ownership experience as a foundation. However, when you invest in our recession-resistant business, you don’t have to worry about coming from any specific background to qualify. We’ve kept this opportunity open to people from all walks of life because we have the resources and training to help build the skills you’ll need to run a Byrider franchise.
Support: This is the aspect of the Byrider franchise experience that has helped our franchise owners remain confident in their investment throughout the duration of COVID-19. Our franchise family is tight; Byrider franchisees and our in-house corporate team stay in close communication no matter the times. In addition to that, every franchisee who invests in Byrider is immediately a member of the Byrider Advertising Group Inc. For a monthly fee of $1,500, our franchisees receive a customized package of marketing and advertising materials for their use. We want to help them get their name in front of the right people to fully take advantage of an exciting opportunity in our recession-resistant industry.
Would you like to learn more about Byrider’s car dealership franchise? Feel free to contact a member of our team today!