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Race For Riley Byrider Check Presentation

BHPH: Byrider donates another $10K to Riley Hospital for Children

By BHPH Report Staff

CARMEL, Ind. – Byrider gave something a little more valuable than just candy this Halloween.

This week, the chain of buy-here, pay-here dealerships announced it donated $10,000 for Riley Hospital for Children through its annual Race For Riley, held on Saturday at New Castle Motorsports Park in New Castle, Ind.

The Halloween event marked the 17th year Byrider has participated in the race, raising more than $92,000 in total during that timeframe.

Founded in 1997, the Race For Riley was founded by John Andretti and Dave Wilson, who created a team of racers and a series of events featuring a go-kart race that have raised more than $5 million for children who are patients at Riley Hospital for Children.

John Andretti recently passed away, and the event continues with his son Jarett Andretti’s involvement.

“We are proud of our long-term sponsorship of the Race For Riley and are pleased to give back to children who are hospitalized, especially during these difficult times,” Byrider chief executive officer Craig Peters said in a news release.

“This cause is near and dear to our hearts and the go-kart race has been a highlight for our team for many years,” Peters continued. “Our fundraising efforts are an integral part of what makes us who we are as an organization, and we look forward to participating each year.”

Byrider was represented by Ron Peterson, son of Byrider director of real estate Steve Peterson, during the sponsor race. Byrider has won the race four times since the company became a sponsor.

In addition to racing, the Byrider team also has volunteered to visit the children at the hospital during their stay in pre-pandemic years.

The race was originally scheduled to be held in June, but was delayed due to the pandemic. Four heats were raced with Byrider participating in the sponsor race.

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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.

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