Byrider Franchising

  • REQUEST A WEBINAR
  • REQUEST MORE INFO
  • About Us
    • Meet Team
  • Why Byrider?
  • The Opportunity
    • The Process
    • The Investment
  • Available Territories
  • Resources
    • FAQs
    • News
    • Tour of a Dealership
  • Learn More

cars in a showroom

autosuccess: Don’t Be Late to the Party

By: Jack Humbert November 11, 2020

Jack Humbert is the Vice President of Development for Byrider Franchising

Regardless of how you define the present and the future, you may be surprised at some of the growth indicators in the franchise world right now.

autosuccess: Several industries have seen an increase in demand and growth during the COVID-19 pandemic and the economic rebound we’re seeing as we still grapple with containing the spread. Some of these are obvious — home shopping services like Amazon, grocery stores, at-home work solution providers dealing in office supplies and electronics, and so on.

Anecdotally, we probably are thinking mostly corporate-owned companies that have the capital to expand and are equipping for an eventual “return to normal” or pivoting to the “new normal.” Regardless of how you define the present and the future, you’d be surprised at some of the growth indicators in the franchise world right now.

Recently, FranchiseVentures published data through Franchise Insights showing an astonishing increase in inquiries and interest for several franchise industries. It shows both reaction to the impact of COVID-19, with a growth in health care franchising inquiries, but also a pivot toward moving forward. Restaurants, one of the hardest hit industries this year, still excel in the franchising world. Wow, people are considering opening a restaurant right now?! Yes, they are, and believe it or not, people are committed to buying a car right now too!

The demand for automobiles hasn’t really gone away during the pandemic and, in some ways, actually is more critical than ever before. It’s hard to feel socially distanced when using public transportation right now. In addition to concerns about safety, there are workers in every industry who still need to get to their place of business. Remember the workers at grocery stores or Amazon, who helped keep us home when it was needed? What about health care workers?

Likewise, the demand for an automobile franchise opportunity really hasn’t waned, and in fact, is growing, according to FranchiseVentures. I’ve had many introductory and continuing conversations with investors who are looking hard at “Buy Here, Pay Here” opportunities. They, like investors in other franchising opportunities, see the need in the marketplace going forward.

Automotive franchises are interested in growing in several markets, and, in many situations, can have a rapid “signature-to-open” timeline. The need for reliable transportation via an automobile, is likely to never go away.

In addition, many Americans struggled during the economic fallout from the pandemic and are looking to rebuild their financial status with new jobs and re-establishing their credit if it took a hit. This is an opportunity to help those who may be met with denials through traditional financing.

Previous Post: « Byrider Reopens Store in Northern Louisiana under New Ownership
Next Post: When it Comes to Marketing Your Used Car Franchise, We’re Here to Help! »
Byrider Franchise
phone
Talk to our experts
888-663-5739

Important Links

  • About Us
  • News
  • Testimonials
  • Contact Us

Get Started

  • The Opportunity
  • The Investment
  • Available Territories
  • FAQs

Opportunity for Veterans

The reference to $1,522,305 above represents the two-year annual average net income from operations during the period between January 1, 2020 and December 31, 2021 (“Traditional Measurement Period”) for the top 25%, or 26 of the 107 franchisee-owned Byrider Traditional stores. 38.4%, or 10 of those 26 Traditional Mature Stores, met or exceeded that two-year annual average. The entire set of 107 Traditional Mature Stores generated a two-year annual average net income from operations of $721,720 during the Traditional Measurement Period. 42.06%, or 45 of the 107 Traditional Mature Stores, met or exceeded that average. More detailed information regarding Traditional Mature Stores, including the average net income from operations for the bottom 25% of the Traditional Mature Stores, can be found in Byrider Franchising, LLC’s Franchise Disclosure Document dated July 6, 2022. This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. © Byrider Franchising, LLC. 12802 Hamilton Crossing Blvd., Carmel, Indiana 46032. All Rights Reserved.

© 2023 BYRIDER . PRIVACY POLICY . SITEMAP | ALL RIGHTS RESERVED

  • About Us
    ▼
    • Meet Team
  • Why Byrider?
  • The Opportunity
    ▼
    • The Process
    • The Models
    • The Investment
  • Available Territories
  • Resources
    ▼
    • FAQs
    • News
    • Tour of a Dealership
  • Learn More
  • Request A Webinar
  • Request More Info